The ODP Co. (NASDAQ:ODP) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its stake in The ODP Co. (NASDAQ:ODP) by 9.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,266 shares of the specialty retailer’s stock after selling 4,746 shares during the quarter. New York State Teachers Retirement System’s holdings in ODP were worth $1,287,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ODP. CWM LLC increased its holdings in shares of ODP by 81.3% in the second quarter. CWM LLC now owns 941 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 422 shares during the last quarter. Quarry LP increased its stake in ODP by 170.3% during the second quarter. Quarry LP now owns 1,092 shares of the specialty retailer’s stock worth $43,000 after acquiring an additional 688 shares during the last quarter. Innealta Capital LLC purchased a new stake in ODP in the second quarter valued at $68,000. Gladius Capital Management LP raised its position in ODP by 227.8% in the second quarter. Gladius Capital Management LP now owns 2,180 shares of the specialty retailer’s stock valued at $86,000 after purchasing an additional 1,515 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in ODP in the third quarter valued at $104,000. Institutional investors and hedge funds own 99.56% of the company’s stock.

ODP Trading Up 0.8 %

ODP opened at $27.95 on Friday. The ODP Co. has a 12 month low of $23.69 and a 12 month high of $58.98. The stock has a market capitalization of $938.56 million, a price-to-earnings ratio of -30.71, a PEG ratio of 0.57 and a beta of 1.48. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.43. The business has a fifty day moving average price of $29.83 and a 200 day moving average price of $35.68.

ODP (NASDAQ:ODP) last released its quarterly earnings data on Wednesday, November 6th. The specialty retailer reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.89). The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.82 billion. ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. The company’s revenue was down 11.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.88 earnings per share. Sell-side analysts expect that The ODP Co. will post 3.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on ODP. UBS Group reduced their target price on ODP from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday. StockNews.com upgraded ODP from a “hold” rating to a “buy” rating in a research report on Thursday.

ODP Company 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.