First Trust Advisors LP Sells 20,324 Shares of The ODP Co. (NASDAQ:ODP)

First Trust Advisors LP reduced its holdings in The ODP Co. (NASDAQ:ODP) by 25.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 59,561 shares of the specialty retailer’s stock after selling 20,324 shares during the quarter. First Trust Advisors LP owned about 0.20% of ODP worth $1,354,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Jump Financial LLC acquired a new position in shares of ODP during the fourth quarter valued at about $705,000. Walleye Capital LLC acquired a new position in ODP during the 4th quarter worth approximately $253,000. Barclays PLC boosted its holdings in ODP by 119.5% in the fourth quarter. Barclays PLC now owns 218,752 shares of the specialty retailer’s stock worth $4,974,000 after acquiring an additional 119,081 shares in the last quarter. Optimize Financial Inc acquired a new stake in ODP in the fourth quarter valued at approximately $410,000. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of ODP by 2.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 28,189 shares of the specialty retailer’s stock valued at $641,000 after acquiring an additional 568 shares in the last quarter. 99.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised shares of ODP from a “hold” rating to a “buy” rating in a research report on Thursday, May 1st.

ODP Price Performance

Shares of NASDAQ ODP opened at $13.63 on Wednesday. The stock has a market cap of $406.42 million, a price-to-earnings ratio of -14.98, a PEG ratio of 0.30 and a beta of 1.29. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.47 and a current ratio of 0.92. The ODP Co. has a fifty-two week low of $11.85 and a fifty-two week high of $52.53. The firm’s 50-day simple moving average is $14.19 and its 200 day simple moving average is $20.98.

ODP (NASDAQ:ODP) last posted 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 negative net margin of 0.52% and a positive return on equity of 12.15%. The company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.61 billion. As a group, research analysts anticipate that The ODP Co. will post 3.26 earnings per share for the current fiscal year.

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.