New York State Teachers Retirement System Lowers Stock Holdings in The ODP Co. (NASDAQ:ODP)

New York State Teachers Retirement System reduced its stake in The ODP Co. (NASDAQ:ODP) by 1.4% during the 4th quarter, HoldingsChannel reports. The firm owned 42,666 shares of the specialty retailer’s stock after selling 600 shares during the period. New York State Teachers Retirement System’s holdings in ODP were worth $970,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. State of Alaska Department of Revenue boosted its stake in shares of ODP by 2.1% in the third quarter. State of Alaska Department of Revenue now owns 19,156 shares of the specialty retailer’s stock valued at $569,000 after buying an additional 394 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of ODP by 0.3% in the third quarter. Principal Financial Group Inc. now owns 158,407 shares of the specialty retailer’s stock valued at $4,713,000 after buying an additional 459 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of ODP by 1.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,606 shares of the specialty retailer’s stock valued at $2,458,000 after buying an additional 790 shares in the last quarter. KBC Group NV boosted its stake in shares of ODP by 88.9% in the third quarter. KBC Group NV now owns 1,844 shares of the specialty retailer’s stock valued at $55,000 after buying an additional 868 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its stake in shares of ODP by 1.3% in the third quarter. Public Sector Pension Investment Board now owns 71,224 shares of the specialty retailer’s stock valued at $2,119,000 after buying an additional 900 shares in the last quarter. 99.56% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. StockNews.com downgraded ODP from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. UBS Group decreased their price target on ODP from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th.

ODP Stock Performance

Shares of ODP stock opened at $18.11 on Monday. The stock has a fifty day moving average price of $22.56 and a 200 day moving average price of $26.49. The stock has a market cap of $545.44 million, a PE ratio of -19.90, a P/E/G ratio of 0.30 and a beta of 1.38. The ODP Co. has a 1 year low of $17.74 and a 1 year high of $58.13. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.47 and a current ratio of 0.92.

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.