The ODP Co. (NASDAQ:ODP) Shares Bought by Ancora Advisors LLC

Ancora Advisors LLC boosted its stake in The ODP Co. (NASDAQ:ODP - Free Report) by 33,432.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,130 shares of the specialty retailer's stock after purchasing an additional 133,730 shares during the period. Ancora Advisors LLC owned approximately 0.45% of ODP worth $3,050,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its holdings in ODP by 380.1% in the 4th quarter. GAMMA Investing LLC now owns 3,879 shares of the specialty retailer's stock worth $88,000 after buying an additional 3,071 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in ODP by 38.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the specialty retailer's stock valued at $98,000 after purchasing an additional 1,198 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in ODP in the fourth quarter valued at about $150,000. Inceptionr LLC purchased a new stake in ODP during the 4th quarter worth approximately $223,000. Finally, Walleye Capital LLC acquired a new position in shares of ODP in the 4th quarter valued at approximately $253,000. 99.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of ODP from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st.

ODP Stock Down 2.2 %

Shares of ODP stock traded down $0.30 during trading hours on Tuesday, hitting $13.63. 660,284 shares of the company were exchanged, compared to its average volume of 617,461. The stock has a market capitalization of $406.42 million, a price-to-earnings ratio of -14.98, a P/E/G ratio of 0.30 and a beta of 1.29. The ODP Co. has a one year low of $11.85 and a one year high of $52.53. The business's 50-day simple moving average is $14.19 and its two-hundred day simple moving average is $20.98. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.47 and a current ratio of 0.92.

ODP (NASDAQ:ODP - Get Free Report) last released its earnings results on Wednesday, February 26th. The specialty retailer reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.80 by ($0.14). ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.61 billion. Sell-side analysts predict that The ODP Co. will post 3.26 EPS for the current fiscal year.

ODP Profile

The ODP Corporation provides business services and supplies, products, and digital workplace technology solutions for small, medium, and enterprise businesses in the United States, Puerto Rico, and the U.S. Virgin Islands. The company operates through four divisions: ODP Business Solutions, Office Depot, Veyer, and Varis.