Empowered Funds LLC Boosts Position in The ODP Co. (NASDAQ:ODP)

Empowered Funds LLC raised its stake in The ODP Co. (NASDAQ:ODP) by 5.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 194,875 shares of the specialty retailer’s stock after acquiring an additional 9,448 shares during the period. Empowered Funds LLC’s holdings in ODP were worth $4,431,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in shares of ODP by 5.0% in the 3rd quarter. State Street Corp now owns 1,542,725 shares of the specialty retailer’s stock valued at $45,896,000 after buying an additional 74,015 shares in the last quarter. Geode Capital Management LLC lifted its position in 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 acquiring an additional 3,041 shares during the last quarter. Weiss Asset Management LP boosted its stake in ODP by 2,219.3% in the third quarter. Weiss Asset Management LP now owns 571,151 shares of the specialty retailer’s stock valued at $16,992,000 after acquiring an additional 546,525 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of ODP by 13.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 481,450 shares of the specialty retailer’s stock worth $14,323,000 after purchasing an additional 58,062 shares during the last quarter. Finally, Jane Street Group LLC increased its position in shares of ODP by 31.1% during the third quarter. Jane Street Group LLC now owns 192,184 shares of the specialty retailer’s stock worth $5,717,000 after purchasing an additional 45,627 shares in the last quarter. Institutional investors and hedge funds own 99.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ODP shares. StockNews.com cut ODP from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. UBS Group decreased their price objective on ODP from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, November 7th.

ODP Trading Down 1.3 %

NASDAQ ODP opened at $20.12 on Wednesday. The firm’s fifty day moving average is $23.84 and its two-hundred day moving average is $27.56. The ODP Co. has a one year low of $19.96 and a one year high of $58.13. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.47 and a current ratio of 0.92. The firm has a market cap of $606.01 million, a PE ratio of -22.11, a P/E/G ratio of 0.35 and a beta of 1.38.

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.