Royce & Associates LP Sells 5,464 Shares of The ODP Co. (NASDAQ:ODP)

Royce & Associates LP trimmed its position in The ODP Co. (NASDAQ:ODP) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 275,411 shares of the specialty retailer’s stock after selling 5,464 shares during the period. Royce & Associates LP owned 0.91% of ODP worth $6,263,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ODP. KBC Group NV boosted its stake in ODP by 88.9% during the third quarter. KBC Group NV now owns 1,844 shares of the specialty retailer’s stock valued at $55,000 after buying an additional 868 shares during the period. GAMMA Investing LLC boosted its position in shares of 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 acquiring an additional 3,071 shares during the last quarter. Inceptionr LLC purchased a new position in shares of ODP during the fourth quarter worth about $223,000. New York State Common Retirement Fund increased its position in shares of 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 purchasing an additional 1,700 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in ODP by 13.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,016 shares of the specialty retailer’s stock valued at $268,000 after purchasing an additional 1,049 shares in the last quarter. 99.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of ODP from a “buy” rating to a “hold” rating in a research note on Friday, February 28th.

ODP Trading Down 4.3 %

NASDAQ ODP opened at $15.19 on Wednesday. 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 stock’s 50-day simple moving average is $19.94 and its two-hundred day simple moving average is $25.00. The ODP Co. has a twelve month low of $13.44 and a twelve month high of $53.56. The company has a market capitalization of $452.92 million, a price-to-earnings ratio of -16.69, a PEG ratio of 0.30 and a beta of 1.55.

ODP (NASDAQ:ODP) last announced its quarterly earnings data 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 analysts’ expectations of $1.61 billion. ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. Research analysts forecast that The ODP Co. will post 3.26 EPS 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.