The ODP Co. (NASDAQ:ODP) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its stake in shares of The ODP Co. (NASDAQ:ODP) by 8.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 100,414 shares of the specialty retailer’s stock after selling 9,865 shares during the period. Rhumbline Advisers’ holdings in ODP were worth $2,283,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of ODP. Jane Street Group LLC grew its stake in shares of ODP by 31.1% during the third quarter. Jane Street Group LLC now owns 192,184 shares of the specialty retailer’s stock valued at $5,717,000 after acquiring an additional 45,627 shares in the last quarter. Geode Capital Management LLC lifted its holdings in ODP by 0.4% in the third quarter. Geode Capital Management LLC now owns 813,895 shares of the specialty retailer’s stock worth $24,219,000 after acquiring an additional 3,041 shares during the last quarter. Weiss Asset Management LP increased its position in 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in 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. boosted its position in ODP by 13.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 481,450 shares of the specialty retailer’s stock worth $14,323,000 after acquiring an additional 58,062 shares during the period. 99.56% of the stock is owned by institutional investors and hedge funds.

ODP Price Performance

ODP opened at $14.42 on Tuesday. The firm has a market capitalization of $429.96 million, a P/E ratio of -15.85, a PEG ratio of 0.30 and a beta of 1.38. The ODP Co. has a 12-month low of $13.44 and a 12-month high of $55.50. 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 stock has a fifty day moving average of $21.49 and a 200-day moving average of $26.07.

ODP (NASDAQ:ODP) last issued its earnings results 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 firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.61 billion. Equities analysts forecast that The ODP Co. will post 3.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. StockNews.com lowered ODP from a “buy” rating to a “hold” rating in a research note on Friday. UBS Group cut their price target on shares of ODP from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th.

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.