Counterpoint Mutual Funds LLC Makes New $383,000 Investment in The ODP Co. (NASDAQ:ODP)

Counterpoint Mutual Funds LLC purchased a new position in shares of The ODP Co. (NASDAQ:ODP - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 16,841 shares of the specialty retailer's stock, valued at approximately $383,000. Counterpoint Mutual Funds LLC owned 0.06% of ODP as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in shares of 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 purchasing an additional 459 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of ODP by 1.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,606 shares of the specialty retailer's stock worth $2,458,000 after acquiring an additional 790 shares in the last quarter. KBC Group NV boosted its stake in shares of ODP by 88.9% during the 3rd quarter. KBC Group NV now owns 1,844 shares of the specialty retailer's stock worth $55,000 after acquiring an additional 868 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in shares of ODP by 1.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 71,224 shares of the specialty retailer's stock worth $2,119,000 after acquiring an additional 900 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in ODP by 13.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,016 shares of the specialty retailer's stock valued at $268,000 after purchasing an additional 1,049 shares in the last quarter. 99.56% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

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

ODP Price Performance

Shares of ODP stock traded down $0.18 during trading hours on Friday, hitting $14.61. The company's stock had a trading volume of 1,732,959 shares, compared to its average volume of 522,334. 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 business has a fifty day moving average of $19.65 and a 200-day moving average of $24.87. The ODP Co. has a twelve month low of $13.44 and a twelve month high of $53.56. The stock has a market cap of $435.63 million, a price-to-earnings ratio of -16.05, a P/E/G ratio of 0.30 and a beta of 1.55.

ODP (NASDAQ:ODP - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The specialty retailer reported $0.66 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $1.62 billion for the quarter, compared to analysts' expectations of $1.61 billion. As a group, equities research analysts anticipate that The ODP Co. will post 3.26 EPS 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.