The ODP Co. (NASDAQ:ODP) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its holdings in shares of The ODP Co. (NASDAQ:ODP - Free Report) by 15.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,275,956 shares of the specialty retailer's stock after selling 400,071 shares during the quarter. Dimensional Fund Advisors LP owned about 7.56% of ODP worth $51,752,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC boosted its stake in shares of ODP by 119.5% in the fourth quarter. Barclays PLC now owns 218,752 shares of the specialty retailer's stock valued at $4,974,000 after purchasing an additional 119,081 shares during the period. Norges Bank acquired a new position in shares of ODP in the fourth quarter worth $2,589,000. American Century Companies Inc. raised its position in shares of ODP by 6.8% during the fourth quarter. American Century Companies Inc. now owns 1,013,222 shares of the specialty retailer's stock valued at $23,041,000 after buying an additional 64,641 shares during the last quarter. Semanteon Capital Management LP acquired a new position in ODP during the 4th quarter worth about $1,377,000. Finally, ExodusPoint Capital Management LP acquired a new stake in shares of ODP during the fourth quarter worth $797,000. 99.56% of the stock is currently owned by institutional investors and hedge funds.

ODP Price Performance

NASDAQ ODP traded down $0.30 during trading on Tuesday, reaching $13.63. The company's stock had a trading volume of 660,284 shares, compared to its average volume of 615,882. The firm has a fifty day moving average of $14.22 and a 200 day moving average of $21.03. The ODP Co. has a one year low of $11.85 and a one year high of $52.60. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.47. The stock has a market capitalization of $406.42 million, a PE ratio of -14.98, a P/E/G ratio of 0.30 and a beta of 1.29.

ODP (NASDAQ:ODP - Get Free Report) last issued its earnings results on Wednesday, February 26th. The specialty retailer reported $0.66 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 analysts' expectations of $1.61 billion. ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. Analysts expect that The ODP Co. will post 3.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of ODP from a "hold" rating to a "buy" rating in a report on Thursday, May 1st.

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.