16,841 Shares in The ODP Co. (NASDAQ:ODP) Acquired by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC purchased a new position in shares of The ODP Co. (NASDAQ:ODP) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 16,841 shares of the specialty retailer’s stock, valued at approximately $383,000. Counterpoint Mutual Funds LLC owned approximately 0.06% of ODP at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ODP. Principal Financial Group Inc. boosted its position in ODP by 0.3% in the third quarter. Principal Financial Group Inc. now owns 158,407 shares of the specialty retailer’s stock valued at $4,713,000 after buying an additional 459 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in ODP by 1.0% in 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 buying an additional 790 shares in the last quarter. KBC Group NV boosted its position in ODP by 88.9% in 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 in the last quarter. Public Sector Pension Investment Board boosted its position in ODP by 1.3% in the third quarter. Public Sector Pension Investment Board now owns 71,224 shares of the specialty retailer’s stock valued at $2,119,000 after buying an additional 900 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of ODP by 13.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,016 shares of the specialty retailer’s stock valued at $268,000 after acquiring an additional 1,049 shares during the last quarter. Institutional investors and hedge funds own 99.56% of the company’s stock.

Analyst Upgrades and Downgrades

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

ODP Price Performance

ODP stock opened at $15.87 on Tuesday. The company has a fifty day moving average price of $20.09 and a 200-day moving average price of $25.12. The company has a market capitalization of $473.20 million, a P/E ratio of -17.44, a PEG ratio of 0.30 and a beta of 1.55. The ODP Co. has a 52-week low of $13.44 and a 52-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 announced 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). ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.61 billion. As a group, equities analysts expect that The ODP Co. will post 3.26 EPS for the current year.

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.