Corebridge Financial Inc. Sells 2,689 Shares of The ODP Co. (NASDAQ:ODP)

Corebridge Financial Inc. lessened its holdings in The ODP Co. (NASDAQ:ODP) by 13.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,313 shares of the specialty retailer’s stock after selling 2,689 shares during the quarter. Corebridge Financial Inc.’s holdings in ODP were worth $394,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ODP. KLP Kapitalforvaltning AS bought a new stake in ODP during the fourth quarter worth $150,000. American Century Companies Inc. lifted its stake in ODP by 6.8% in the 4th quarter. American Century Companies Inc. now owns 1,013,222 shares of the specialty retailer’s stock valued at $23,041,000 after purchasing an additional 64,641 shares during the last quarter. Semanteon Capital Management LP acquired a new stake in ODP in the fourth quarter valued at approximately $1,377,000. Counterpoint Mutual Funds LLC bought a new stake in shares of ODP during the fourth quarter worth $383,000. Finally, Thompson Siegel & Walmsley LLC increased its holdings in shares of ODP by 11.3% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 331,969 shares of the specialty retailer’s stock worth $7,549,000 after buying an additional 33,762 shares in the last quarter. Institutional investors and hedge funds own 99.56% of the company’s stock.

ODP Trading Up 16.3 %

NASDAQ:ODP opened at $14.05 on Thursday. The ODP Co. has a 52 week low of $11.85 and a 52 week high of $52.69. 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 firm’s fifty day moving average is $16.55 and its 200-day moving average is $23.19. The firm has a market cap of $418.94 million, a P/E ratio of -15.44, a P/E/G ratio of 0.30 and a beta of 1.45.

ODP (NASDAQ:ODP) last issued its quarterly earnings results on Wednesday, February 26th. The specialty retailer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.14). ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.61 billion. Equities analysts expect that The ODP Co. will post 3.26 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of ODP from a “buy” rating to a “hold” rating in a 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.