Prudential Financial Inc. Cuts Holdings in The ODP Co. (NASDAQ:ODP)

Prudential Financial Inc. trimmed its stake in shares of The ODP Co. (NASDAQ:ODP - Free Report) by 35.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 133,439 shares of the specialty retailer's stock after selling 74,290 shares during the period. Prudential Financial Inc. owned about 0.44% of ODP worth $3,034,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ODP. GAMMA Investing LLC raised its position in ODP by 380.1% during the fourth quarter. GAMMA Investing LLC now owns 3,879 shares of the specialty retailer's stock worth $88,000 after acquiring an additional 3,071 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of ODP during the 4th quarter worth approximately $150,000. Zurcher Kantonalbank Zurich Cantonalbank lifted 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 buying an additional 1,049 shares in the last quarter. Paloma Partners Management Co acquired a new stake in ODP during the 3rd quarter valued at $279,000. Finally, Centiva Capital LP purchased a new position in ODP during the third quarter worth $288,000. Hedge funds and other institutional investors own 99.56% of the company's stock.

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 Trading Down 3.6 %

Shares of ODP traded down $0.50 on Monday, hitting $13.37. 1,245,634 shares of the stock traded hands, compared to its average volume of 590,591. The firm has a market capitalization of $398.67 million, a P/E ratio of -14.69, a P/E/G ratio of 0.30 and a beta of 1.45. The company has a quick ratio of 0.47, a current ratio of 0.92 and a debt-to-equity ratio of 0.28. The ODP Co. has a 1 year low of $12.66 and a 1 year high of $52.69. The stock's 50 day moving average is $17.37 and its two-hundred day moving average is $23.56.

ODP (NASDAQ:ODP - Get Free Report) last posted its quarterly earnings data 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). The business had revenue of $1.62 billion for the quarter, compared to analyst estimates 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, sell-side analysts predict that The ODP Co. will post 3.26 earnings per share for the current year.

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.