The ODP Co. (NASDAQ:ODP) Stock Holdings Decreased by Pennant Select LLC

Pennant Select LLC lessened its holdings in The ODP Co. (NASDAQ:ODP) by 33.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,905 shares of the specialty retailer’s stock after selling 46,095 shares during the quarter. ODP makes up about 1.9% of Pennant Select LLC’s holdings, making the stock its 10th largest position. Pennant Select LLC owned 0.31% of ODP worth $2,764,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of ODP by 1.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,606 shares of the specialty retailer’s stock worth $2,458,000 after purchasing an additional 790 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in ODP by 1.3% in the third quarter. Public Sector Pension Investment Board now owns 71,224 shares of the specialty retailer’s stock valued at $2,119,000 after buying an additional 900 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in ODP by 13.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,016 shares of the specialty retailer’s stock worth $268,000 after acquiring an additional 1,049 shares during the period. FORA Capital LLC purchased a new stake in ODP in the 3rd quarter worth approximately $380,000. Finally, FMR LLC grew its stake in ODP by 26.7% in the 3rd quarter. FMR LLC now owns 114,026 shares of the specialty retailer’s stock worth $3,392,000 after acquiring an additional 24,020 shares during the period. Hedge funds and other institutional investors own 99.56% of the company’s stock.

ODP Trading Down 0.2 %

Shares of ODP opened at $26.13 on Friday. The company’s fifty day moving average is $29.06 and its two-hundred day moving average is $33.56. The ODP Co. has a fifty-two week low of $23.69 and a fifty-two week high of $58.98. The company has a current ratio of 0.92, a quick ratio of 0.47 and a debt-to-equity ratio of 0.28.

ODP (NASDAQ:ODP) last posted its earnings results on Wednesday, November 6th. The specialty retailer reported $0.71 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.89). The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.82 billion. ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. The business’s revenue was down 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.88 EPS. Equities analysts predict that The ODP Co. will post 3.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ODP shares. UBS Group decreased their price target on shares of ODP from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. StockNews.com upgraded shares of ODP from a “hold” rating to a “buy” rating in a report on Thursday, November 7th.

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.