Investors Asset Management of Georgia Inc. GA ADV Lowers Stock Position in The ODP Co. (NASDAQ:ODP)

Investors Asset Management of Georgia Inc. GA ADV lessened its stake in The ODP Co. (NASDAQ:ODP) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,976 shares of the specialty retailer’s stock after selling 1,615 shares during the period. Investors Asset Management of Georgia Inc. GA ADV owned approximately 0.12% of ODP worth $818,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ODP. KBC Group NV boosted its stake in shares of ODP by 88.9% in the 3rd quarter. KBC Group NV now owns 1,844 shares of the specialty retailer’s stock valued at $55,000 after purchasing an additional 868 shares in the last quarter. GAMMA Investing LLC grew its position in ODP by 380.1% during the 4th quarter. GAMMA Investing LLC now owns 3,879 shares of the specialty retailer’s stock worth $88,000 after acquiring an additional 3,071 shares during the last quarter. SG Americas Securities LLC bought a new stake in ODP during the 3rd quarter valued at $104,000. New York State Common Retirement Fund boosted its holdings in shares of ODP by 17.6% during the fourth quarter. New York State Common Retirement Fund now owns 11,340 shares of the specialty retailer’s stock worth $258,000 after purchasing an additional 1,700 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of 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 buying an additional 1,049 shares during the last quarter. Institutional investors own 99.56% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on ODP. UBS Group lowered their target price on ODP from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. StockNews.com lowered ODP from a “buy” rating to a “hold” rating in a research report on Friday, January 31st.

ODP Stock Down 4.3 %

Shares of ODP stock opened at $18.07 on Friday. The company has a 50 day simple moving average of $22.75 and a two-hundred day simple moving average of $26.69. The ODP Co. has a 12 month low of $18.06 and a 12 month high of $58.13. The company has a quick ratio of 0.47, a current ratio of 0.92 and a debt-to-equity ratio of 0.28.

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.