Mitsubishi UFJ Trust & Banking Corp Boosts Stock Holdings in The ODP Co. (NASDAQ:ODP)

Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of The ODP Co. (NASDAQ:ODP) by 3.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,208 shares of the specialty retailer’s stock after buying an additional 3,190 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in ODP were worth $2,211,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of ODP by 380.1% during the fourth quarter. GAMMA Investing LLC now owns 3,879 shares of the specialty retailer’s stock worth $88,000 after acquiring an additional 3,071 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in ODP during the 4th quarter worth about $150,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in ODP by 13.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,016 shares of the specialty retailer’s stock worth $268,000 after purchasing an additional 1,049 shares in the last quarter. Paloma Partners Management Co bought a new position in ODP in the 3rd quarter worth about $279,000. Finally, Centiva Capital LP purchased a new position in ODP during the 3rd quarter valued at about $288,000. 99.56% of the stock is owned by institutional investors.

ODP Trading Up 0.1 %

Shares of ODP stock opened at $14.33 on Tuesday. The company has a market capitalization of $427.29 million, a PE ratio of -15.75, a price-to-earnings-growth 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 $53.38. The business’s fifty day moving average is $18.30 and its 200 day moving average is $24.11. 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, 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). The business 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%. On average, equities research analysts anticipate that The ODP Co. will post 3.26 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.