Duality Advisers LP Increases Stock Position in The ODP Co. (NASDAQ:ODP)

Duality Advisers LP increased its position in shares of The ODP Co. (NASDAQ:ODP) by 189.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 26,269 shares of the specialty retailer’s stock after buying an additional 17,179 shares during the quarter. Duality Advisers LP’s holdings in ODP were worth $1,394,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in ODP. Pacer Advisors Inc. raised its position in ODP by 49.9% during the fourth quarter. Pacer Advisors Inc. now owns 1,481,692 shares of the specialty retailer’s stock worth $83,419,000 after acquiring an additional 493,233 shares during the period. Norges Bank acquired a new stake in ODP during the fourth quarter worth about $21,070,000. Hotchkis & Wiley Capital Management LLC increased its position in ODP by 15.7% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 1,207,623 shares of the specialty retailer’s stock worth $67,989,000 after purchasing an additional 164,020 shares during the last quarter. Pennant Select LLC acquired a new stake in ODP during the fourth quarter worth about $7,826,000. Finally, Greenlight Capital Inc. increased its position in ODP by 8.3% during the fourth quarter. Greenlight Capital Inc. now owns 1,748,100 shares of the specialty retailer’s stock worth $98,418,000 after purchasing an additional 133,750 shares during the last quarter. 99.56% of the stock is owned by hedge funds and other institutional investors.

ODP Trading Up 2.0 %

ODP stock traded up $0.78 during midday trading on Friday, hitting $39.82. 211,435 shares of the stock were exchanged, compared to its average volume of 407,562. The ODP Co. has a fifty-two week low of $36.63 and a fifty-two week high of $58.98. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 0.42 and a beta of 1.59. The stock’s 50-day simple moving average is $40.16 and its 200 day simple moving average is $48.07. The company has a current ratio of 0.94, a quick ratio of 0.49 and a debt-to-equity ratio of 0.11.

ODP (NASDAQ:ODP) last released its quarterly earnings data on Wednesday, May 8th. The specialty retailer reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.59). ODP had a return on equity of 16.67% and a net margin of 1.08%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the business posted $1.78 earnings per share. ODP’s revenue for the quarter was down 11.2% on a year-over-year basis. On average, equities analysts anticipate that The ODP Co. will post 6.4 EPS for the current year.

ODP Company 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.