The ODP Co. (NASDAQ:ODP) Holdings Lifted by Mork Capital Management LLC

Mork Capital Management LLC lifted its position in shares of The ODP Co. (NASDAQ:ODP) by 150.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 125,000 shares of the specialty retailer’s stock after purchasing an additional 75,000 shares during the period. ODP comprises about 2.7% of Mork Capital Management LLC’s holdings, making the stock its largest position. Mork Capital Management LLC’s holdings in ODP were worth $3,719,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ODP. Price T Rowe Associates Inc. MD lifted its stake in ODP by 3.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,279 shares of the specialty retailer’s stock valued at $1,554,000 after buying an additional 914 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of ODP by 269.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 36,389 shares of the specialty retailer’s stock valued at $1,429,000 after acquiring an additional 26,551 shares during the period. CWM LLC raised its position in ODP by 81.3% in the 2nd quarter. CWM LLC now owns 941 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 422 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its stake in ODP by 1.6% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 28,399 shares of the specialty retailer’s stock worth $1,115,000 after purchasing an additional 438 shares during the period. Finally, CX Institutional grew its position in ODP by 9.8% during the 2nd quarter. CX Institutional now owns 59,736 shares of the specialty retailer’s stock worth $2,346,000 after purchasing an additional 5,327 shares during the last quarter. 99.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ODP has been the subject of a number of recent research reports. StockNews.com raised ODP from a “hold” rating to a “buy” rating in a research report on Thursday, November 7th. UBS Group decreased their price target on ODP from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, November 7th.

ODP Price Performance

Shares of NASDAQ:ODP opened at $25.24 on Wednesday. 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 52-week low of $23.69 and a 52-week high of $58.98. The stock’s fifty day simple moving average is $28.84 and its 200-day simple moving average is $33.18.

ODP (NASDAQ:ODP) last issued its quarterly earnings results on Wednesday, November 6th. The specialty retailer reported $0.71 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.89). The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.82 billion. ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. The company’s revenue was down 11.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.88 earnings per share. On average, research analysts predict that The ODP Co. will post 3.26 EPS for the current 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.