The ODP Co. (NASDAQ:ODP) Shares Sold by Swiss National Bank

Swiss National Bank cut its position in shares of The ODP Co. (NASDAQ:ODP) by 5.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,989 shares of the specialty retailer’s stock after selling 4,100 shares during the quarter. Swiss National Bank’s holdings in ODP were worth $1,501,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ODP. Jane Street Group LLC lifted its stake in shares of ODP by 31.1% in the 3rd quarter. Jane Street Group LLC now owns 192,184 shares of the specialty retailer’s stock valued at $5,717,000 after purchasing an additional 45,627 shares in the last quarter. Geode Capital Management LLC grew its stake in ODP by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 813,895 shares of the specialty retailer’s stock valued at $24,219,000 after purchasing an additional 3,041 shares in the last quarter. Weiss Asset Management LP increased its stake in shares of ODP by 2,219.3% in the third quarter. Weiss Asset Management LP now owns 571,151 shares of the specialty retailer’s stock worth $16,992,000 after buying an additional 546,525 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of ODP by 1.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,606 shares of the specialty retailer’s stock worth $2,458,000 after purchasing an additional 790 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in ODP by 13.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 481,450 shares of the specialty retailer’s stock valued at $14,323,000 after buying an additional 58,062 shares during the last quarter. Institutional investors and hedge funds own 99.56% of the company’s stock.

ODP Trading Down 0.9 %

Shares of NASDAQ:ODP opened at $14.31 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.92 and a debt-to-equity ratio of 0.28. The company’s 50-day moving average price is $18.51 and its 200 day moving average price is $24.27. The company has a market cap of $426.70 million, a PE ratio of -15.73, a P/E/G ratio of 0.30 and a beta of 1.55. The ODP Co. has a fifty-two week low of $13.44 and a fifty-two week high of $53.38.

ODP (NASDAQ:ODP) last posted its quarterly earnings data on Wednesday, February 26th. The specialty retailer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.14). ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. The company had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.61 billion. Sell-side analysts anticipate that The ODP Co. will post 3.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of ODP from a “buy” rating to a “hold” rating in a report on Friday, February 28th.

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.