LSV Asset Management Trims Stock Position in The ODP Co. (NASDAQ:ODP)

LSV Asset Management lowered its stake in shares of The ODP Co. (NASDAQ:ODP - Free Report) by 7.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,480,388 shares of the specialty retailer's stock after selling 122,000 shares during the period. LSV Asset Management owned approximately 4.91% of ODP worth $33,664,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of ODP in the fourth quarter valued at about $2,589,000. State Street Corp increased its stake in ODP by 5.0% in the 3rd quarter. State Street Corp now owns 1,542,725 shares of the specialty retailer's stock valued at $45,896,000 after buying an additional 74,015 shares during the last quarter. American Century Companies Inc. lifted its position in shares of ODP by 6.8% during the 4th quarter. American Century Companies Inc. now owns 1,013,222 shares of the specialty retailer's stock worth $23,041,000 after buying an additional 64,641 shares in the last quarter. Semanteon Capital Management LP purchased a new position in shares of ODP in the 4th quarter worth approximately $1,377,000. Finally, Barclays PLC grew its holdings in shares of ODP by 114.3% in the third quarter. Barclays PLC now owns 99,671 shares of the specialty retailer's stock valued at $2,965,000 after acquiring an additional 53,160 shares in the last quarter. Institutional investors own 99.56% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered ODP from a "buy" rating to a "hold" rating in a report on Friday, February 28th.

ODP Stock Performance

ODP traded up $0.18 during trading on Thursday, hitting $13.36. 211,778 shares of the company traded hands, compared to its average volume of 602,309. The ODP Co. has a one year low of $11.85 and a one year high of $52.69. The stock's fifty day moving average is $15.71 and its 200 day moving average is $22.68. 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 firm has a market cap of $398.34 million, a P/E ratio of -14.67, a price-to-earnings-growth ratio of 0.30 and a beta of 1.45.

ODP (NASDAQ:ODP - Get Free Report) last released its earnings results 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 company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.61 billion. ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. As a group, equities analysts predict 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.