Nuveen Asset Management LLC Trims Holdings in The ODP Co. (NASDAQ:ODP)

Nuveen Asset Management LLC trimmed its holdings in The ODP Co. (NASDAQ:ODP) by 3.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,155 shares of the specialty retailer’s stock after selling 3,412 shares during the quarter. Nuveen Asset Management LLC owned about 0.34% of ODP worth $2,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of ODP. Barclays PLC grew its position in ODP by 114.3% in the 3rd quarter. Barclays PLC now owns 99,671 shares of the specialty retailer’s stock worth $2,965,000 after purchasing an additional 53,160 shares during the period. Empowered Funds LLC boosted its stake in shares of ODP by 5.1% in the 4th quarter. Empowered Funds LLC now owns 194,875 shares of the specialty retailer’s stock worth $4,431,000 after buying an additional 9,448 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of ODP by 17.6% in the fourth quarter. New York State Common Retirement Fund now owns 11,340 shares of the specialty retailer’s stock worth $258,000 after acquiring an additional 1,700 shares during the period. Charles Schwab Investment Management Inc. increased its position in ODP by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 491,587 shares of the specialty retailer’s stock valued at $11,179,000 after acquiring an additional 10,137 shares during the last quarter. Finally, Inceptionr LLC purchased a new stake in ODP during the fourth quarter valued at $223,000. 99.56% of the stock is owned by hedge funds and other institutional investors.

ODP Stock Up 4.1%

Shares of ODP stock opened at $17.12 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.47 and a debt-to-equity ratio of 0.28. The ODP Co. has a 12 month low of $11.85 and a 12 month high of $43.31. The stock has a market cap of $515.00 million, a P/E ratio of -18.81, a P/E/G ratio of 0.30 and a beta of 1.29. The company has a 50 day simple moving average of $14.73 and a two-hundred day simple moving average of $19.28.

ODP (NASDAQ:ODP) last posted its quarterly earnings results on Wednesday, May 7th. The specialty retailer reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.41. ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. The company had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the previous year, the firm earned $1.05 EPS. The firm’s revenue was down 9.2% compared to the same quarter last year. On average, research analysts expect that The ODP Co. will post 3.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded ODP from a “hold” rating to a “buy” rating in a research note on Friday, May 9th.

ODP Company 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.