Invesco Ltd. Has $12.81 Million Stake in The ODP Co. (NASDAQ:ODP)

Invesco Ltd. lessened its position in shares of The ODP Co. (NASDAQ:ODP - Free Report) by 22.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 563,220 shares of the specialty retailer's stock after selling 166,465 shares during the quarter. Invesco Ltd. owned approximately 1.87% of ODP worth $12,808,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC lifted its holdings in ODP by 380.1% during the 4th 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. KLP Kapitalforvaltning AS bought a new position in ODP during the fourth quarter worth about $150,000. Inceptionr LLC bought a new stake in ODP during the 4th quarter worth approximately $223,000. New York State Common Retirement Fund raised its holdings in shares of ODP by 17.6% during the fourth quarter. New York State Common Retirement Fund now owns 11,340 shares of the specialty retailer's stock worth $258,000 after acquiring an additional 1,700 shares during the period. Finally, Amundi lifted its holdings in shares of ODP by 175.9% in the fourth quarter. Amundi now owns 16,474 shares of the specialty retailer's stock valued at $368,000 after purchasing an additional 10,504 shares in the last quarter. 99.56% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised ODP from a "hold" rating to a "buy" rating in a research report on Friday, April 18th.

ODP Stock Performance

ODP traded up $0.63 on Thursday, reaching $13.06. The company had a trading volume of 501,077 shares, compared to its average volume of 609,793. The company's fifty day moving average is $14.99 and its 200 day moving average is $22.09. 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 stock has a market cap of $389.42 million, a P/E ratio of -14.35, a P/E/G ratio of 0.30 and a beta of 1.45. The ODP Co. has a fifty-two week low of $11.85 and a fifty-two week high of $52.60.

ODP (NASDAQ:ODP - Get Free Report) last announced its earnings results on Wednesday, February 26th. The specialty retailer reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.80 by ($0.14). The firm 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 predict that The ODP Co. will post 3.26 earnings per share for the current fiscal 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.