New York State Teachers Retirement System Reduces Stock Holdings in The ODP Co. (NASDAQ:ODP)

New York State Teachers Retirement System lowered its position in The ODP Co. (NASDAQ:ODP) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,666 shares of the specialty retailer’s stock after selling 600 shares during the quarter. New York State Teachers Retirement System owned about 0.14% of ODP worth $970,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ODP. KBC Group NV lifted its position 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 buying an additional 868 shares during the last quarter. GAMMA Investing LLC lifted its position in ODP by 380.1% in the fourth quarter. GAMMA Investing LLC now owns 3,879 shares of the specialty retailer’s stock valued at $88,000 after buying an additional 3,071 shares during the last quarter. SG Americas Securities LLC acquired a new position in ODP in the third quarter valued at about $104,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in ODP by 13.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,016 shares of the specialty retailer’s stock valued at $268,000 after buying an additional 1,049 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new position in ODP in the third quarter valued at about $279,000. Hedge funds and other institutional investors own 99.56% of the company’s stock.

Analysts Set New Price Targets

ODP has been the topic of a number of recent analyst reports. StockNews.com cut shares of ODP from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. UBS Group reduced their price target on shares of ODP from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th.

ODP Stock Up 0.2 %

Shares of ODP opened at $18.11 on Monday. The stock has a market capitalization of $545.44 million, a PE ratio of -19.90, a P/E/G ratio of 0.30 and a beta of 1.38. The ODP Co. has a 1 year low of $17.74 and a 1 year high of $58.13. 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’s 50-day simple moving average is $22.56 and its 200-day simple moving average is $26.49.

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.