Invesco Ltd. Decreases Holdings in The ODP Co. (NASDAQ:ODP)

Invesco Ltd. cut its stake in The ODP Co. (NASDAQ:ODP) by 22.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 563,220 shares of the specialty retailer’s stock after selling 166,465 shares during the quarter. Invesco Ltd. owned about 1.87% of ODP worth $12,808,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of ODP. Geode Capital Management LLC boosted its position in ODP by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 813,895 shares of the specialty retailer’s stock valued at $24,219,000 after buying an additional 3,041 shares during the last quarter. GAMMA Investing LLC grew its stake in ODP by 380.1% during the 4th quarter. GAMMA Investing LLC now owns 3,879 shares of the specialty retailer’s stock valued at $88,000 after purchasing an additional 3,071 shares in the last quarter. Barclays PLC boosted its stake in shares of ODP by 114.3% during the 3rd quarter. Barclays PLC now owns 99,671 shares of the specialty retailer’s stock valued at $2,965,000 after buying an additional 53,160 shares during the last quarter. Amundi raised its holdings in ODP by 175.9% in the fourth quarter. Amundi now owns 16,474 shares of the specialty retailer’s stock valued at $368,000 after acquiring an additional 10,504 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in ODP by 6.8% during 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 acquiring an additional 64,641 shares during the last quarter. Hedge funds and other institutional investors own 99.56% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of ODP from a “hold” rating to a “buy” rating in a research report on Friday.

ODP Stock Performance

Shares of ODP opened at $12.71 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.47. The ODP Co. has a 12-month low of $11.85 and a 12-month high of $52.69. The business’s fifty day moving average price is $15.31 and its 200 day moving average price is $22.23. The stock has a market capitalization of $378.99 million, a PE ratio of -13.97, a price-to-earnings-growth ratio of 0.30 and a beta of 1.45.

ODP (NASDAQ:ODP) last announced its quarterly earnings data on Wednesday, February 26th. The specialty retailer reported $0.66 earnings per share 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 business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.61 billion. Equities research analysts forecast 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.