The ODP Co. (NASDAQ:ODP) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System trimmed its stake in The ODP Co. (NASDAQ:ODP) by 10.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,351 shares of the specialty retailer’s stock after selling 3,640 shares during the period. California State Teachers Retirement System owned approximately 0.11% of ODP worth $713,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ODP. ProShare Advisors LLC boosted its holdings in shares of ODP by 34.9% in the fourth quarter. ProShare Advisors LLC now owns 9,799 shares of the specialty retailer’s stock valued at $223,000 after acquiring an additional 2,536 shares during the period. Millennium Management LLC raised its position in ODP by 107.7% in the 4th quarter. Millennium Management LLC now owns 90,234 shares of the specialty retailer’s stock valued at $2,052,000 after purchasing an additional 46,800 shares during the last quarter. Two Sigma Advisers LP raised its position in ODP by 81.8% in the 4th quarter. Two Sigma Advisers LP now owns 12,444 shares of the specialty retailer’s stock valued at $283,000 after purchasing an additional 5,600 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in ODP by 65.3% during the 4th quarter. Russell Investments Group Ltd. now owns 53,187 shares of the specialty retailer’s stock worth $1,209,000 after purchasing an additional 21,011 shares during the period. Finally, Wells Fargo & Company MN grew its position in ODP by 16.2% during the 4th quarter. Wells Fargo & Company MN now owns 19,539 shares of the specialty retailer’s stock worth $444,000 after purchasing an additional 2,717 shares during the last quarter. 99.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of ODP from a “buy” rating to a “hold” rating in a research note on Friday, June 6th.

ODP Stock Down 2.1%

ODP opened at $18.18 on Thursday. The ODP Co. has a 52 week low of $11.85 and a 52 week high of $43.31. The business has a 50 day moving average price of $15.27 and a two-hundred day moving average price of $18.97. The company has a quick ratio of 0.47, a current ratio of 0.92 and a debt-to-equity ratio of 0.28. The company has a market cap of $546.89 million, a PE ratio of -19.98, a P/E/G ratio of 0.30 and a beta of 1.32.

ODP (NASDAQ:ODP) last released its quarterly earnings results on Wednesday, May 7th. The specialty retailer reported $1.06 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the prior year, the business earned $1.05 earnings per share. The company’s quarterly revenue was down 9.2% compared to the same quarter last year. As a group, research analysts anticipate that The ODP Co. will post 3.26 EPS for the current year.

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.