UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $2.46 Million Stock Holdings in The ODP Co. (NASDAQ:ODP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of The ODP Co. (NASDAQ:ODP) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 82,606 shares of the specialty retailer’s stock after acquiring an additional 790 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.27% of ODP worth $2,458,000 at the end of the most recent reporting period.

Several other institutional investors have also 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 valued at $569,000 after acquiring an additional 394 shares during the period. SummerHaven Investment Management LLC increased its position in shares of ODP by 2.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 15,830 shares of the specialty retailer’s stock worth $622,000 after purchasing an additional 399 shares in the last quarter. CWM LLC lifted its holdings in ODP by 81.3% during the 2nd quarter. CWM LLC now owns 941 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 422 shares during the last quarter. Principal Financial Group Inc. boosted its position in ODP by 0.3% in the third quarter. Principal Financial Group Inc. now owns 158,407 shares of the specialty retailer’s stock valued at $4,713,000 after buying an additional 459 shares in the last quarter. Finally, Quarry LP grew its stake in ODP by 170.3% during the second quarter. Quarry LP now owns 1,092 shares of the specialty retailer’s stock worth $43,000 after buying an additional 688 shares during the last quarter. 99.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. UBS Group cut their target price 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. StockNews.com upgraded ODP from a “hold” rating to a “buy” rating in a research report on Thursday, November 7th.

ODP Stock Down 1.4 %

Shares of NASDAQ:ODP opened at $27.57 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.92 and a debt-to-equity ratio of 0.28. The firm has a market cap of $830.35 million, a P/E ratio of -30.30, a P/E/G ratio of 0.62 and a beta of 1.40. The ODP Co. has a 12 month low of $23.69 and a 12 month high of $58.98. The company’s 50-day moving average price is $28.40 and its two-hundred day moving average price is $32.43.

ODP (NASDAQ:ODP) last released its quarterly earnings results on Wednesday, November 6th. The specialty retailer reported $0.71 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.89). ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the company earned $1.88 earnings per share. ODP’s revenue for the quarter was down 11.3% compared to the same quarter last year. As a group, research analysts forecast that The ODP Co. will post 3.26 EPS for the current fiscal year.

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.