The ODP Co. (NASDAQ:ODP) Shares Sold by Royce & Associates LP

Royce & Associates LP trimmed its holdings in The ODP Co. (NASDAQ:ODP) by 24.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 280,875 shares of the specialty retailer’s stock after selling 92,323 shares during the quarter. Royce & Associates LP owned 0.84% of ODP worth $8,356,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. DME Capital Management LP increased its holdings in shares of ODP by 29.9% in the 2nd quarter. DME Capital Management LP now owns 2,222,470 shares of the specialty retailer’s stock valued at $87,276,000 after purchasing an additional 511,890 shares during the period. Thompson Siegel & Walmsley LLC boosted its position in ODP by 106.3% during the second quarter. Thompson Siegel & Walmsley LLC now owns 330,177 shares of the specialty retailer’s stock worth $12,966,000 after purchasing an additional 170,149 shares during the period. American Century Companies Inc. boosted its position in ODP by 19.6% during the second quarter. American Century Companies Inc. now owns 832,871 shares of the specialty retailer’s stock worth $32,707,000 after purchasing an additional 136,730 shares during the period. Caxton Associates LP bought a new stake in ODP during the second quarter worth approximately $2,788,000. Finally, Clearline Capital LP boosted its position in ODP by 108.7% during the second quarter. Clearline Capital LP now owns 124,886 shares of the specialty retailer’s stock worth $4,904,000 after purchasing an additional 65,033 shares during the period. 99.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. UBS Group reduced their price objective on ODP from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. StockNews.com upgraded ODP from a “hold” rating to a “buy” rating in a research note on Thursday, November 7th.

ODP Price Performance

Shares of ODP opened at $25.18 on Monday. The ODP Co. has a 1 year low of $23.69 and a 1 year high of $58.98. 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 stock has a market cap of $758.42 million, a P/E ratio of -27.67, a price-to-earnings-growth ratio of 0.55 and a beta of 1.48. The stock’s 50-day moving average price is $29.47 and its two-hundred day moving average price is $34.66.

ODP (NASDAQ:ODP) last announced its quarterly earnings data on Wednesday, November 6th. The specialty retailer reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.89). ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the company earned $1.88 EPS. The company’s revenue for the quarter was down 11.3% on a year-over-year basis. On average, equities 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.