Bank of New York Mellon Corp lessened its stake in The ODP Co. (NASDAQ:ODP - Free Report) by 19.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 226,251 shares of the specialty retailer's stock after selling 54,601 shares during the quarter. Bank of New York Mellon Corp owned 0.75% of ODP worth $5,145,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the stock. KBC Group NV lifted its stake in ODP by 88.9% in the 3rd quarter. KBC Group NV now owns 1,844 shares of the specialty retailer's stock valued at $55,000 after acquiring an additional 868 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of 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 purchasing an additional 3,071 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in ODP by 13.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,016 shares of the specialty retailer's stock worth $268,000 after purchasing an additional 1,049 shares during the last quarter. Paloma Partners Management Co bought a new position in ODP in the third quarter valued at $279,000. Finally, Centiva Capital LP bought a new position in ODP in the third quarter valued at $288,000. Institutional investors own 99.56% of the company's stock.
ODP Stock Performance
Shares of ODP traded down $0.18 during mid-day trading on Friday, reaching $14.61. The company's stock had a trading volume of 492,741 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 ODP Co. has a 1-year low of $13.44 and a 1-year high of $53.56. The business has a 50-day simple moving average of $19.65 and a two-hundred day simple moving average of $24.87. The stock has a market cap of $435.54 million, a P/E ratio of -16.05, a PEG ratio of 0.30 and a beta of 1.55.
ODP (NASDAQ:ODP - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.14). ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.61 billion. As a group, equities research analysts anticipate that The ODP Co. will post 3.26 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded shares of ODP from a "buy" rating to a "hold" rating in a research note on Friday, February 28th.
Read Our Latest Stock Analysis on ODP
About ODP
(
Free Report)
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.
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