New York State Common Retirement Fund Has $258,000 Stake in The ODP Co. (NASDAQ:ODP)

New York State Common Retirement Fund increased its position in The ODP Co. (NASDAQ:ODP) by 17.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,340 shares of the specialty retailer’s stock after purchasing an additional 1,700 shares during the period. New York State Common Retirement Fund’s holdings in ODP were worth $258,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Weiss Asset Management LP raised its stake in shares of 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 purchasing an additional 546,525 shares during the last quarter. Mork Capital Management LLC grew its holdings in ODP by 150.0% during the third quarter. Mork Capital Management LLC now owns 125,000 shares of the specialty retailer’s stock worth $3,719,000 after buying an additional 75,000 shares in the last quarter. State Street Corp raised its position in ODP by 5.0% in the 3rd quarter. State Street Corp now owns 1,542,725 shares of the specialty retailer’s stock valued at $45,896,000 after buying an additional 74,015 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 valued at $14,323,000 after acquiring an additional 58,062 shares in the last quarter. Finally, Barclays PLC boosted its holdings in ODP by 114.3% during the 3rd quarter. Barclays PLC now owns 99,671 shares of the specialty retailer’s stock worth $2,965,000 after acquiring an additional 53,160 shares during the last quarter. Institutional investors and hedge funds own 99.56% of the company’s stock.

ODP Stock Performance

Shares of ODP stock opened at $14.72 on Thursday. The business’s fifty day simple moving average is $21.30 and its 200 day simple moving average is $25.97. 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 $13.44 and a 12 month high of $53.56. The firm has a market capitalization of $438.91 million, a P/E ratio of -16.18, a price-to-earnings-growth ratio of 0.30 and a beta of 1.38.

ODP (NASDAQ:ODP) last released its earnings results 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 business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.61 billion. ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. As a group, analysts anticipate that The ODP Co. will post 3.26 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. StockNews.com downgraded shares of ODP from a “buy” rating to a “hold” rating in a report on Friday, February 28th. UBS Group decreased their price objective on shares of ODP from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th.

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.