Bank of America Corp DE Has $411,000 Stake in The ODP Co. (NASDAQ:ODP)

Bank of America Corp DE trimmed its position in shares of The ODP Co. (NASDAQ:ODP) by 79.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,060 shares of the specialty retailer’s stock after selling 69,708 shares during the quarter. Bank of America Corp DE owned 0.06% of ODP worth $411,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ODP. Tower Research Capital LLC TRC raised its position in ODP by 38.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the specialty retailer’s stock valued at $98,000 after buying an additional 1,198 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in ODP in the 4th quarter valued at $150,000. Inceptionr LLC purchased a new stake in ODP in the 4th quarter valued at $223,000. Walleye Capital LLC purchased a new stake in ODP in the 4th quarter valued at $253,000. Finally, New York State Common Retirement Fund raised its position in ODP by 17.6% in the 4th quarter. New York State Common Retirement Fund now owns 11,340 shares of the specialty retailer’s stock valued at $258,000 after buying an additional 1,700 shares during the last quarter. 99.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

ODP Stock Down 0.4%

Shares of NASDAQ:ODP opened at $18.11 on Friday. The company has a market capitalization of $544.79 million, a PE ratio of -19.90, a price-to-earnings-growth ratio of 0.30 and a beta of 1.32. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.47. The business has a fifty day moving average price of $15.37 and a two-hundred day moving average price of $18.91. The ODP Co. has a 1 year low of $11.85 and a 1 year high of $43.31.

ODP (NASDAQ:ODP) last announced its quarterly earnings data on Wednesday, May 7th. The specialty retailer reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.41. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.67 billion. ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. The business’s revenue for the quarter was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.05 EPS. Analysts forecast that The ODP Co. will post 3.26 earnings per share for the current 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.