Amundi Has $368,000 Stock Holdings in The ODP Co. (NASDAQ:ODP)

Amundi lifted its position in shares of The ODP Co. (NASDAQ:ODP) by 175.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,474 shares of the specialty retailer’s stock after purchasing an additional 10,504 shares during the period. Amundi owned 0.05% of ODP worth $368,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ODP. Weiss Asset Management LP increased its stake in shares of ODP by 2,219.3% during the 3rd 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 stake in ODP by 150.0% in the 3rd quarter. Mork Capital Management LLC now owns 125,000 shares of the specialty retailer’s stock valued at $3,719,000 after buying an additional 75,000 shares during the last quarter. State Street Corp grew its stake 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. grew its stake in ODP by 13.7% in 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 buying an additional 58,062 shares during the last quarter. Finally, Barclays PLC grew its stake in ODP by 114.3% in the 3rd quarter. Barclays PLC now owns 99,671 shares of the specialty retailer’s stock valued at $2,965,000 after buying an additional 53,160 shares during the last quarter. 99.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of ODP from a “buy” rating to a “hold” rating in a research note on Friday, February 28th.

ODP Stock Down 1.2 %

Shares of ODP opened at $14.61 on Friday. The ODP Co. has a 52 week low of $13.44 and a 52 week high of $53.56. The firm has a market cap of $435.63 million, a P/E ratio of -16.05, a price-to-earnings-growth ratio of 0.30 and a beta of 1.55. The firm’s 50-day simple moving average is $19.50 and its 200 day simple moving average is $24.75. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.47 and a current ratio of 0.92.

ODP (NASDAQ:ODP) last announced its earnings results on Wednesday, February 26th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.61 billion. On average, analysts forecast that The ODP Co. will post 3.26 earnings per share for the current year.

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.