Louisiana State Employees Retirement System Has $332,000 Position in The ODP Co. (NASDAQ:ODP)

Louisiana State Employees Retirement System lowered its holdings in The ODP Co. (NASDAQ:ODP) by 9.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,600 shares of the specialty retailer’s stock after selling 1,600 shares during the quarter. Louisiana State Employees Retirement System’s holdings in ODP were worth $332,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC boosted its holdings in ODP by 5.1% during the 4th quarter. Empowered Funds LLC now owns 194,875 shares of the specialty retailer’s stock worth $4,431,000 after acquiring an additional 9,448 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in shares of ODP by 8.4% during the 4th quarter. Wedge Capital Management L L P NC now owns 49,960 shares of the specialty retailer’s stock worth $1,136,000 after purchasing an additional 3,892 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of ODP by 1.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 82,784 shares of the specialty retailer’s stock worth $1,883,000 after purchasing an additional 1,240 shares during the period. GAMMA Investing LLC raised its stake in shares of ODP by 380.1% during the 4th quarter. GAMMA Investing LLC now owns 3,879 shares of the specialty retailer’s stock worth $88,000 after purchasing an additional 3,071 shares during the period. Finally, Principal Financial Group Inc. raised 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 worth $4,713,000 after purchasing an additional 459 shares during the period. 99.56% of the stock is owned by hedge funds and other institutional investors.

ODP Stock Down 2.7 %

Shares of NASDAQ ODP opened at $18.89 on Thursday. The firm has a market capitalization of $568.97 million, a price-to-earnings ratio of -20.76, a PEG ratio of 0.33 and a beta of 1.38. The business has a 50-day moving average of $22.95 and a 200-day moving average of $26.75. The company has a current ratio of 0.92, a quick ratio of 0.47 and a debt-to-equity ratio of 0.28. The ODP Co. has a 12 month low of $18.70 and a 12 month high of $58.13.

Analyst Ratings Changes

ODP has been the topic of a number of research reports. UBS Group lowered their price objective on ODP from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. StockNews.com cut ODP from a “buy” rating to a “hold” rating in a research report on Friday, January 31st.

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.