The ODP Co. (NASDAQ:ODP) Shares Sold by Mork Capital Management LLC

Mork Capital Management LLC trimmed its holdings in shares of The ODP Co. (NASDAQ:ODP - Free Report) by 40.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,000 shares of the specialty retailer's stock after selling 50,000 shares during the period. ODP comprises 1.1% of Mork Capital Management LLC's investment portfolio, making the stock its 20th biggest holding. Mork Capital Management LLC owned approximately 0.25% of ODP worth $1,706,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ODP. Tower Research Capital LLC TRC raised its stake in shares of ODP by 38.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the specialty retailer's stock worth $98,000 after buying an additional 1,198 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of ODP during the 4th quarter worth approximately $150,000. Inceptionr LLC purchased a new position in ODP in the 4th quarter valued at approximately $223,000. Walleye Capital LLC purchased a new position in ODP in the 4th quarter valued at approximately $253,000. Finally, New York State Common Retirement Fund increased its stake in ODP by 17.6% in the 4th quarter. New York State Common Retirement Fund now owns 11,340 shares of the specialty retailer's stock valued at $258,000 after purchasing an additional 1,700 shares in the last quarter. 99.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised ODP from a "hold" rating to a "buy" rating in a research note on Friday, May 9th.

ODP Price Performance

NASDAQ ODP traded up $0.23 during mid-day trading on Friday, hitting $18.22. The stock had a trading volume of 466,095 shares, compared to its average volume of 622,311. The ODP Co. has a 52-week low of $11.85 and a 52-week high of $43.31. The company has a market cap of $548.09 million, a price-to-earnings ratio of -20.02, a P/E/G ratio of 0.30 and a beta of 1.29. The company has a 50 day simple moving average of $14.39 and a 200 day simple moving average of $20.38. The company has a quick ratio of 0.47, a current ratio of 0.92 and a debt-to-equity ratio of 0.28.

ODP (NASDAQ:ODP - Get Free Report) last announced its earnings results on Wednesday, May 7th. The specialty retailer reported $1.06 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.41. The firm had revenue of $1.70 billion for the quarter, compared to analysts' expectations of $1.67 billion. ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. ODP's quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 EPS. Equities analysts forecast that The ODP Co. will post 3.26 EPS for the current fiscal year.

About ODP

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.