State of Alaska Department of Revenue Has $389,000 Holdings in The ODP Co. (NASDAQ:ODP)

State of Alaska Department of Revenue decreased its position in The ODP Co. (NASDAQ:ODP) by 10.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 17,117 shares of the specialty retailer’s stock after selling 2,039 shares during the period. State of Alaska Department of Revenue owned about 0.06% of ODP worth $389,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in ODP during the 3rd quarter valued at about $104,000. Exchange Traded Concepts LLC purchased a new position in ODP during the third quarter valued at approximately $310,000. Creative Planning acquired a new position in ODP in the 3rd quarter valued at approximately $690,000. Harbor Capital Advisors Inc. lifted its position in ODP by 124.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 81,544 shares of the specialty retailer’s stock worth $2,426,000 after buying an additional 45,155 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of ODP by 0.3% during the 3rd 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 during the period. 99.56% of the stock is owned by institutional investors and hedge funds.

ODP Stock Down 0.2 %

ODP stock opened at $20.18 on Friday. The company has a market capitalization of $607.82 million, a P/E ratio of -22.18, a P/E/G ratio of 0.35 and a beta of 1.38. The ODP Co. has a 1-year low of $19.66 and a 1-year high of $58.13. The firm’s fifty day simple moving average is $23.47 and its 200-day simple moving average is $27.20. The company has a current ratio of 0.92, a quick ratio of 0.47 and a debt-to-equity ratio of 0.28.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ODP. UBS Group cut their price objective on ODP from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. StockNews.com lowered ODP from a “buy” rating to a “hold” rating in a report on Friday, January 31st.

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.