Counterpoint Mutual Funds LLC Makes New Investment in The ODP Co. (NASDAQ:ODP)

Counterpoint Mutual Funds LLC purchased a new position in The ODP Co. (NASDAQ:ODP) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 16,841 shares of the specialty retailer’s stock, valued at approximately $383,000.

A number of other large investors have also bought and sold shares of ODP. Weiss Asset Management LP grew its holdings in ODP by 2,219.3% in the third quarter. Weiss Asset Management LP now owns 571,151 shares of the specialty retailer’s stock worth $16,992,000 after purchasing an additional 546,525 shares during the period. Mork Capital Management LLC grew its holdings in shares of ODP by 150.0% during the third quarter. Mork Capital Management LLC now owns 125,000 shares of the specialty retailer’s stock valued at $3,719,000 after buying an additional 75,000 shares during the last quarter. State Street Corp grew its holdings in shares of ODP by 5.0% during the third quarter. State Street Corp now owns 1,542,725 shares of the specialty retailer’s stock valued at $45,896,000 after buying an additional 74,015 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of ODP by 13.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 481,450 shares of the specialty retailer’s stock valued at $14,323,000 after buying an additional 58,062 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of ODP by 114.3% during the third quarter. Barclays PLC now owns 99,671 shares of the specialty retailer’s stock valued at $2,965,000 after buying an additional 53,160 shares during the last quarter. 99.56% of the stock is currently owned by institutional investors and hedge funds.

ODP Stock Up 6.7 %

ODP stock opened at $15.87 on Tuesday. The stock has a market cap of $473.20 million, a PE ratio of -17.44, a price-to-earnings-growth ratio of 0.30 and a beta of 1.55. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.47 and a current ratio of 0.92. The ODP Co. has a fifty-two week low of $13.44 and a fifty-two week high of $53.56. The firm’s 50-day simple moving average is $20.09 and its 200 day simple moving average is $25.12.

ODP (NASDAQ:ODP) last announced its quarterly earnings data on Wednesday, February 26th. The specialty retailer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.14). The company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.61 billion. ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. Research analysts predict that The ODP Co. will post 3.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of ODP from a “buy” rating to a “hold” rating in a report on Friday, February 28th.

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.