UBS Group AG Buys 50,424 Shares of The ODP Co. (NASDAQ:ODP)

UBS Group AG raised its stake in shares of The ODP Co. (NASDAQ:ODP – Get Rating) by 7,481.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 51,098 shares of the specialty retailer’s stock after acquiring an additional 50,424 shares during the period. UBS Group AG owned approximately 0.11% of ODP worth $1,796,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Clayton Partners LLC bought a new position in ODP during the 3rd quarter valued at about $352,000. Grantham Mayo Van Otterloo & Co. LLC bought a new position in shares of ODP in the 3rd quarter worth approximately $591,000. Allianz Asset Management GmbH lifted its stake in shares of ODP by 176.6% in the 3rd quarter. Allianz Asset Management GmbH now owns 109,570 shares of the specialty retailer’s stock worth $3,852,000 after purchasing an additional 69,955 shares during the period. Cambria Investment Management L.P. lifted its stake in shares of ODP by 8.3% in the 3rd quarter. Cambria Investment Management L.P. now owns 119,145 shares of the specialty retailer’s stock worth $4,188,000 after purchasing an additional 9,165 shares during the period. Finally, Mutual of America Capital Management LLC lifted its stake in shares of ODP by 15.8% in the 3rd quarter. Mutual of America Capital Management LLC now owns 8,512 shares of the specialty retailer’s stock worth $299,000 after purchasing an additional 1,159 shares during the period. Institutional investors own 96.98% of the company’s stock.

ODP Price Performance

Shares of NASDAQ:ODP opened at $48.77 on Thursday. The firm’s 50 day moving average price is $49.78 and its 200-day moving average price is $43.80. The ODP Co. has a twelve month low of $28.85 and a twelve month high of $53.59. The company has a quick ratio of 0.58, a current ratio of 1.03 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $1.96 billion, a PE ratio of 14.60 and a beta of 1.83.

ODP (NASDAQ:ODP – Get Rating) last issued its quarterly earnings data on Wednesday, March 1st. The specialty retailer reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.06. ODP had a net margin of 1.96% and a return on equity of 14.92%. The firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter in the prior year, the business earned $0.71 EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis. Equities research analysts expect that The ODP Co. will post 4.8 EPS for the current year.

Insider Buying and Selling

In related news, EVP Kevin Moffitt sold 23,488 shares of the stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $50.74, for a total value of $1,191,781.12. Following the completion of the sale, the executive vice president now directly owns 50,459 shares of the company’s stock, valued at approximately $2,560,289.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is currently owned by insiders.

ODP Company Profile

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The ODP Corp. operates as a holding company, which engages in the provision of business services and supplies, products, and digital workplace technology solutions. It operates through the Business Solutions Division and Retail Division segments. The Business Solutions Division segment offers nationally branded and the company’s private branded office supply and adjacency products and services.