Neuberger Berman Group LLC Buys 4,569 Shares of The ODP Co. (NASDAQ:ODP)

Neuberger Berman Group LLC boosted its stake in The ODP Co. (NASDAQ:ODP) by 0.5% in the fourth quarter, HoldingsChannel reports. The firm owned 911,604 shares of the specialty retailer’s stock after acquiring an additional 4,569 shares during the period. Neuberger Berman Group LLC’s holdings in ODP were worth $20,697,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of ODP by 380.1% in 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 purchased a new position in shares of ODP during the 4th quarter worth $150,000. Inceptionr LLC bought a new stake in shares of ODP during the 4th quarter valued at $223,000. New York State Common Retirement Fund grew its position in shares of ODP by 17.6% during the 4th quarter. New York State Common Retirement Fund now owns 11,340 shares of the specialty retailer’s stock valued at $258,000 after acquiring an additional 1,700 shares during the period. Finally, Amundi increased its stake in shares of ODP by 175.9% in the 4th quarter. Amundi now owns 16,474 shares of the specialty retailer’s stock worth $368,000 after purchasing an additional 10,504 shares in the last quarter. 99.56% of the stock is currently owned by hedge funds and other institutional investors.

ODP Trading Down 7.0 %

ODP stock opened at $13.07 on Friday. The ODP Co. has a 12-month low of $11.85 and a 12-month high of $52.69. The firm has a market capitalization of $389.72 million, a price-to-earnings ratio of -14.36, a P/E/G ratio of 0.30 and a beta of 1.45. The firm has a 50 day moving average of $16.39 and a 200 day moving average of $23.08. The company has a current ratio of 0.92, a quick ratio of 0.47 and a debt-to-equity ratio of 0.28.

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 business had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.61 billion. ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. As a group, research analysts predict that The ODP Co. will post 3.26 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com downgraded ODP from a “buy” rating to a “hold” rating in a research 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.