Rhumbline Advisers Cuts Stock Position in The ODP Co. (NASDAQ:ODP)

Rhumbline Advisers lessened its holdings in shares of The ODP Co. (NASDAQ:ODP) by 8.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,414 shares of the specialty retailer’s stock after selling 9,865 shares during the period. Rhumbline Advisers owned approximately 0.33% of ODP worth $2,283,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ODP. State of Alaska Department of Revenue lifted its holdings in shares of ODP by 2.1% during the third quarter. State of Alaska Department of Revenue now owns 19,156 shares of the specialty retailer’s stock worth $569,000 after purchasing an additional 394 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of ODP by 0.3% in the 3rd quarter. Principal Financial Group Inc. now owns 158,407 shares of the specialty retailer’s stock worth $4,713,000 after acquiring an additional 459 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in ODP by 1.0% during the third 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 period. KBC Group NV boosted its holdings in ODP by 88.9% in the third quarter. KBC Group NV now owns 1,844 shares of the specialty retailer’s stock valued at $55,000 after purchasing an additional 868 shares during the period. Finally, Public Sector Pension Investment Board raised its holdings in ODP by 1.3% in the third quarter. Public Sector Pension Investment Board now owns 71,224 shares of the specialty retailer’s stock valued at $2,119,000 after acquiring an additional 900 shares in the last quarter. Institutional investors and hedge funds own 99.56% of the company’s stock.

ODP Stock Down 7.3 %

Shares of ODP stock opened at $14.42 on Tuesday. 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 company has a market cap 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 one year low of $13.44 and a one year high of $55.50. The firm has a fifty day moving average of $21.49 and a two-hundred day moving average of $26.07.

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

Analyst Upgrades and Downgrades

ODP has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of ODP from a “buy” rating to a “hold” rating in a research report on Friday. UBS Group reduced their target price on shares of ODP from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, November 7th.

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.