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

Royce & Associates LP trimmed its position in shares of The ODP Co. (NASDAQ:ODP) by 1.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 275,411 shares of the specialty retailer’s stock after selling 5,464 shares during the quarter. Royce & Associates LP’s holdings in ODP were worth $6,263,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in ODP by 0.3% in the third quarter. Principal Financial Group Inc. now owns 158,407 shares of the specialty retailer’s stock worth $4,713,000 after acquiring an additional 459 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of ODP by 1.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,606 shares of the specialty retailer’s stock valued at $2,458,000 after purchasing an additional 790 shares in the last quarter. KBC Group NV boosted its position in shares of 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 last quarter. Public Sector Pension Investment Board increased its holdings in ODP by 1.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 71,224 shares of the specialty retailer’s stock worth $2,119,000 after buying an additional 900 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in ODP by 13.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,016 shares of the specialty retailer’s stock worth $268,000 after buying an additional 1,049 shares during the last quarter. 99.56% of the stock is currently owned by hedge funds and other institutional investors.

ODP Stock Down 4.3 %

ODP stock opened at $15.19 on Wednesday. The business’s 50-day moving average is $19.94 and its two-hundred day moving average is $25.00. The company has a market cap of $452.92 million, a price-to-earnings ratio of -16.69, a P/E/G ratio of 0.30 and a beta of 1.55. The ODP Co. has a fifty-two week low of $13.44 and a fifty-two week high of $53.56. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.47 and a current ratio of 0.92.

ODP (NASDAQ:ODP) last posted its quarterly earnings data on Wednesday, February 26th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.14). ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. The business had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.61 billion. As a group, analysts forecast that The ODP Co. will post 3.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.