American Century Companies Inc. Has $23.04 Million Stock Position in The ODP Co. (NASDAQ:ODP)

American Century Companies Inc. boosted its stake in shares of The ODP Co. (NASDAQ:ODP) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,013,222 shares of the specialty retailer’s stock after purchasing an additional 64,641 shares during the period. American Century Companies Inc. owned 3.36% of ODP worth $23,041,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. 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 increased its position 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 during the last quarter. State Street Corp raised its stake in ODP by 5.0% in the third 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 period. Semanteon Capital Management LP bought a new stake in ODP in the fourth quarter valued at approximately $1,377,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of ODP by 13.7% in the third 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. 99.56% of the stock is currently owned by institutional investors.

ODP Stock Performance

NASDAQ ODP opened at $14.31 on Monday. The firm has a 50-day moving average price of $18.51 and a two-hundred day moving average price of $24.21. The ODP Co. has a 12-month low of $13.44 and a 12-month high of $53.38. The company has a market capitalization of $426.70 million, a P/E ratio of -15.73, a P/E/G ratio of 0.30 and a beta of 1.55. The company has a quick ratio of 0.47, a current ratio of 0.92 and a debt-to-equity ratio of 0.28.

ODP (NASDAQ:ODP) last posted 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 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%. Analysts anticipate that The ODP Co. will post 3.26 earnings per share for the current year.

Analysts Set New Price Targets

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

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.