GSA Capital Partners LLP Sells 11,601 Shares of The ODP Co. (NASDAQ:ODP)

GSA Capital Partners LLP cut its stake in The ODP Co. (NASDAQ:ODP) by 58.4% in the third quarter, Holdings Channel.com reports. The firm owned 8,258 shares of the specialty retailer’s stock after selling 11,601 shares during the quarter. GSA Capital Partners LLP’s holdings in ODP were worth $246,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ODP. State Board of Administration of Florida Retirement System boosted its holdings in ODP by 53.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 15,034 shares of the specialty retailer’s stock worth $798,000 after purchasing an additional 5,250 shares during the last quarter. Vanguard Group Inc. increased its holdings in ODP by 0.4% during the first quarter. Vanguard Group Inc. now owns 3,982,531 shares of the specialty retailer’s stock worth $211,273,000 after buying an additional 16,584 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in ODP by 16.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 5,788 shares of the specialty retailer’s stock worth $307,000 after buying an additional 809 shares during the last quarter. UniSuper Management Pty Ltd bought a new stake in ODP during the first quarter worth $413,000. Finally, 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 acquiring an additional 914 shares during the last quarter. Institutional investors own 99.56% of the company’s stock.

Wall Street Analysts Forecast Growth

ODP has been the topic of a number of research analyst reports. UBS Group dropped their target price on shares of ODP from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. StockNews.com upgraded ODP from a “hold” rating to a “buy” rating in a research note on Thursday, November 7th.

ODP Trading Up 2.4 %

ODP stock opened at $27.26 on Friday. The stock has a market cap of $821.07 million, a price-to-earnings ratio of -29.96, a price-to-earnings-growth ratio of 0.58 and a beta of 1.48. The company has a fifty day moving average price of $29.25 and a two-hundred day moving average price of $33.90. The ODP Co. has a one year low of $23.69 and a one year high of $58.98. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.47.

ODP (NASDAQ:ODP) last announced its quarterly earnings results on Wednesday, November 6th. The specialty retailer reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.89). The company 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 firm’s quarterly revenue was down 11.3% on a year-over-year basis. During the same quarter last year, the company posted $1.88 EPS. Equities analysts anticipate that The ODP Co. will post 3.26 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.