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

Investors Asset Management of Georgia Inc. GA ADV trimmed its holdings in The ODP Co. (NASDAQ:ODP) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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’s holdings in ODP were worth $818,000 as of its most recent filing with the Securities & Exchange Commission.

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

ODP Trading Down 4.3 %

ODP opened at $18.07 on Friday. The stock has a 50-day moving average of $22.75 and a 200 day moving average of $26.69. 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 $18.06 and a 12 month high of $58.13.

Analyst Upgrades and Downgrades

ODP has been the topic of a number of research reports. StockNews.com downgraded ODP from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. 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 research note on Thursday, November 7th.

ODP 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.