Geode Capital Management LLC Has $17.33 Million Stake in The ODP Co. (NASDAQ:ODP)

Geode Capital Management LLC decreased its holdings in The ODP Co. (NASDAQ:ODP) by 6.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 761,955 shares of the specialty retailer’s stock after selling 51,940 shares during the period. Geode Capital Management LLC’s holdings in ODP were worth $17,331,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in ODP by 380.1% during the fourth 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 during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of ODP during the 4th quarter worth $150,000. Inceptionr LLC purchased a new position in ODP in the fourth quarter valued at approximately $223,000. New York State Common Retirement Fund lifted its holdings in ODP by 17.6% during the fourth 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 during the last quarter. Finally, Amundi grew its stake in ODP by 175.9% in the 4th quarter. Amundi now owns 16,474 shares of the specialty retailer’s stock valued at $368,000 after buying an additional 10,504 shares in the last quarter. 99.56% of the stock is currently owned by institutional investors and hedge funds.

ODP Stock Performance

NASDAQ:ODP opened at $13.71 on Friday. The ODP Co. has a 1-year low of $11.85 and a 1-year high of $52.69. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.47. The business has a 50 day moving average of $15.45 and a 200 day moving average of $22.40. The company has a market capitalization of $408.80 million, a price-to-earnings ratio of -15.07, a PEG ratio of 0.30 and a beta of 1.45.

ODP (NASDAQ:ODP) last announced its quarterly 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). The company had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.61 billion. ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. On average, sell-side analysts predict that The ODP Co. will post 3.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com raised shares of ODP from a “hold” rating to a “buy” rating in a research note on Friday.

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.