The ODP Co. (NASDAQ:ODP) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC boosted its holdings in shares of The ODP Co. (NASDAQ:ODP) by 5.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 194,875 shares of the specialty retailer’s stock after acquiring an additional 9,448 shares during the quarter. Empowered Funds LLC owned about 0.65% of ODP worth $4,431,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jane Street Group LLC raised its position in ODP by 31.1% in the third quarter. Jane Street Group LLC now owns 192,184 shares of the specialty retailer’s stock valued at $5,717,000 after purchasing an additional 45,627 shares during the period. Geode Capital Management LLC grew its stake in shares of ODP by 0.4% in the third quarter. Geode Capital Management LLC now owns 813,895 shares of the specialty retailer’s stock valued at $24,219,000 after buying an additional 3,041 shares in the last quarter. Weiss Asset Management LP raised its holdings in shares of ODP by 2,219.3% in the 3rd quarter. Weiss Asset Management LP now owns 571,151 shares of the specialty retailer’s stock valued at $16,992,000 after buying an additional 546,525 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in ODP by 1.0% during the 3rd 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 acquiring an additional 790 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in ODP by 13.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 481,450 shares of the specialty retailer’s stock valued at $14,323,000 after acquiring an additional 58,062 shares during the period. Hedge funds and other institutional investors own 99.56% of the company’s stock.

Wall Street Analysts Forecast Growth

ODP has been the topic of a number of recent research reports. StockNews.com lowered shares of ODP from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. UBS Group cut their target price on shares of ODP from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th.

ODP Trading Down 1.3 %

NASDAQ:ODP opened at $20.12 on Wednesday. The stock has a fifty day moving average price of $23.84 and a 200 day moving average price of $27.56. 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 $19.96 and a 12-month high of $58.13. The firm has a market cap of $606.01 million, a PE ratio of -22.11, a price-to-earnings-growth ratio of 0.35 and a beta of 1.38.

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.