The ODP Co. (NASDAQ:ODP) Holdings Decreased by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC lessened its holdings in The ODP Co. (NASDAQ:ODP) by 9.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 298,207 shares of the specialty retailer’s stock after selling 31,970 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 0.99% of ODP worth $8,872,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. CWM LLC boosted its holdings in shares of ODP by 81.3% in the 2nd quarter. CWM LLC now owns 941 shares of the specialty retailer’s stock valued at $37,000 after buying an additional 422 shares during the period. Quarry LP boosted its stake in ODP by 170.3% in the second quarter. Quarry LP now owns 1,092 shares of the specialty retailer’s stock valued at $43,000 after acquiring an additional 688 shares during the period. Innealta Capital LLC bought a new position in shares of ODP during the second quarter valued at approximately $68,000. KBC Group NV lifted its holdings in shares of ODP by 88.9% in the 3rd quarter. KBC Group NV now owns 1,844 shares of the specialty retailer’s stock worth $55,000 after purchasing an additional 868 shares during the last quarter. Finally, Gladius Capital Management LP boosted its position in ODP by 227.8% during the 2nd quarter. Gladius Capital Management LP now owns 2,180 shares of the specialty retailer’s stock valued at $86,000 after purchasing an additional 1,515 shares during the period. Institutional investors own 99.56% of the company’s stock.

ODP Price Performance

Shares of ODP opened at $26.63 on Friday. The firm has a market capitalization of $802.10 million, a price-to-earnings ratio of -29.26, a price-to-earnings-growth ratio of 0.57 and a beta of 1.48. The stock’s fifty day moving average is $29.30 and its 200-day moving average is $34.19. The ODP Co. has a one year low of $23.69 and a one year high of $58.98. 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 issued its quarterly earnings results on Wednesday, November 6th. The specialty retailer reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.89). ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the company posted $1.88 earnings per share. The company’s revenue was down 11.3% on a year-over-year basis. Equities analysts anticipate that The ODP Co. will post 3.26 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. UBS Group cut their target price on ODP from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. StockNews.com raised shares of ODP from a “hold” rating to a “buy” rating in a research note on Thursday, November 7th.

ODP 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.