The ODP Co. (NASDAQ:ODP) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. grew its stake in shares of The ODP Co. (NASDAQ:ODP - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,013,222 shares of the specialty retailer's stock after purchasing an additional 64,641 shares during the quarter. American Century Companies Inc. owned 3.36% of ODP worth $23,041,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jane Street Group LLC grew its holdings in ODP by 31.1% during the 3rd quarter. Jane Street Group LLC now owns 192,184 shares of the specialty retailer's stock valued at $5,717,000 after purchasing an additional 45,627 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of ODP by 0.4% during the third quarter. Geode Capital Management LLC now owns 813,895 shares of the specialty retailer's stock valued at $24,219,000 after acquiring an additional 3,041 shares in the last quarter. Weiss Asset Management LP increased its position in shares of ODP by 2,219.3% during the third quarter. Weiss Asset Management LP now owns 571,151 shares of the specialty retailer's stock worth $16,992,000 after acquiring an additional 546,525 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of ODP by 1.0% during the third 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake 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 worth $14,323,000 after acquiring an additional 58,062 shares in the last quarter. Hedge funds and other institutional investors own 99.56% of the company's stock.

Analyst Ratings Changes

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

ODP Stock Down 11.1 %

ODP traded down $1.64 during trading on Thursday, hitting $13.19. The company had a trading volume of 1,141,548 shares, compared to its average volume of 583,336. The business has a 50-day moving average of $17.75 and a 200-day moving average of $23.86. The company has a market cap of $393.30 million, a PE ratio of -14.49, a P/E/G ratio of 0.30 and a beta of 1.55. The ODP Co. has a 1-year low of $12.77 and a 1-year high of $52.69. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.47.

ODP (NASDAQ:ODP - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The specialty retailer reported $0.66 EPS for the quarter, missing the consensus estimate 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%. As a group, analysts forecast that The ODP Co. will post 3.26 earnings per share for the current 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.