The ODP Co. (NASDAQ:ODP) Shares Sold by LSV Asset Management

LSV Asset Management lowered its position in The ODP Co. (NASDAQ:ODP - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,480,388 shares of the specialty retailer's stock after selling 122,000 shares during the quarter. LSV Asset Management owned approximately 4.91% of ODP worth $33,664,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. raised its holdings in ODP by 0.3% during the third quarter. Principal Financial Group Inc. now owns 158,407 shares of the specialty retailer's stock worth $4,713,000 after purchasing an additional 459 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of ODP by 1.0% in 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 valued at $2,458,000 after buying an additional 790 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in ODP by 1.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 82,784 shares of the specialty retailer's stock worth $1,883,000 after acquiring an additional 1,240 shares during the period. New York State Common Retirement Fund raised its position in ODP by 17.6% in 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 in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in ODP by 16.2% in the fourth quarter. Wells Fargo & Company MN now owns 19,539 shares of the specialty retailer's stock valued at $444,000 after acquiring an additional 2,717 shares during the period. 99.56% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

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

ODP Price Performance

Shares of NASDAQ:ODP traded up $0.69 during trading on Wednesday, hitting $13.18. 677,181 shares of the stock were exchanged, compared to its average volume of 602,652. The ODP Co. has a 12-month low of $11.85 and a 12-month high of $52.69. The company has a market cap of $393.00 million, a PE ratio of -14.48, a P/E/G ratio of 0.30 and a beta of 1.45. The company has a fifty day moving average price of $15.86 and a two-hundred day moving average price of $22.74. The company has a current ratio of 0.92, a quick ratio of 0.47 and a debt-to-equity ratio of 0.28.

ODP (NASDAQ:ODP - Get Free Report) last posted its 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 negative net margin of 0.52% and a positive return on equity of 12.15%. The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.61 billion. On average, analysts forecast 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.