Ameriprise Financial Inc. Sells 16,338 Shares of The ODP Co. (NASDAQ:ODP)

Ameriprise Financial Inc. trimmed its holdings in shares of The ODP Co. (NASDAQ:ODP - Free Report) by 19.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,388 shares of the specialty retailer's stock after selling 16,338 shares during the period. Ameriprise Financial Inc. owned about 0.22% of ODP worth $1,510,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ODP. Tower Research Capital LLC TRC raised its holdings in ODP by 38.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the specialty retailer's stock worth $98,000 after acquiring an additional 1,198 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of ODP during the 4th quarter worth approximately $150,000. Inceptionr LLC bought a new stake in shares of ODP during the 4th quarter worth approximately $223,000. Walleye Capital LLC acquired a new stake in shares of ODP in the 4th quarter valued at approximately $253,000. Finally, New York State Common Retirement Fund grew its stake 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 valued at $258,000 after buying an additional 1,700 shares in the last quarter. 99.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of ODP from a "hold" rating to a "buy" rating in a research report on Friday, May 9th.

ODP Stock Performance

NASDAQ:ODP traded down $0.17 during mid-day trading on Wednesday, hitting $17.62. The stock had a trading volume of 24,688 shares, compared to its average volume of 616,606. The ODP Co. has a twelve month low of $11.85 and a twelve month high of $43.31. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.47 and a current ratio of 0.92. The stock has a market cap of $529.89 million, a price-to-earnings ratio of -19.36, a PEG ratio of 0.30 and a beta of 1.29. The company's 50 day simple moving average is $14.80 and its 200 day simple moving average is $19.27.

ODP (NASDAQ:ODP - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The specialty retailer reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.41. ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. The company had revenue of $1.70 billion during the quarter, compared to analysts' expectations of $1.67 billion. During the same period last year, the firm posted $1.05 earnings per share. The business's revenue was down 9.2% on a year-over-year basis. On average, equities research analysts forecast that The ODP Co. will post 3.26 earnings per share 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.