Maryland State Retirement & Pension System Sells 995 Shares of The ODP Co. (NASDAQ:ODP)

Maryland State Retirement & Pension System cut its position in shares of The ODP Co. (NASDAQ:ODP) by 8.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,143 shares of the specialty retailer’s stock after selling 995 shares during the period. Maryland State Retirement & Pension System’s holdings in ODP were worth $231,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Jane Street Group LLC boosted its stake in shares of ODP by 31.1% during the third quarter. Jane Street Group LLC now owns 192,184 shares of the specialty retailer’s stock valued at $5,717,000 after purchasing an additional 45,627 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of ODP by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 813,895 shares of the specialty retailer’s stock valued at $24,219,000 after acquiring an additional 3,041 shares during the period. Weiss Asset Management LP raised its position in shares of ODP by 2,219.3% in the 3rd quarter. Weiss Asset Management LP now owns 571,151 shares of the specialty retailer’s stock worth $16,992,000 after acquiring an additional 546,525 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of ODP by 1.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,606 shares of the specialty retailer’s stock worth $2,458,000 after acquiring an additional 790 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in ODP by 13.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 481,450 shares of the specialty retailer’s stock valued at $14,323,000 after purchasing an additional 58,062 shares in the last quarter. 99.56% of the stock is currently owned by hedge funds and other institutional investors.

ODP Stock Performance

Shares of ODP stock opened at $14.65 on Wednesday. The ODP Co. has a 12-month low of $13.44 and a 12-month high of $53.56. The business’s fifty day simple moving average is $19.12 and its 200-day simple moving average is $24.50. The company has a current ratio of 0.92, a quick ratio of 0.47 and a debt-to-equity ratio of 0.28. The company has a market cap of $436.82 million, a PE ratio of -16.10, a PEG ratio of 0.30 and a beta of 1.55.

ODP (NASDAQ:ODP) last announced its earnings results on Wednesday, February 26th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.14). ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.61 billion. Analysts expect that The ODP Co. will post 3.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded 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.