Oregon Public Employees Retirement Fund Has $160,000 Stock Position in The ODP Co. (NASDAQ:ODP)

Oregon Public Employees Retirement Fund lessened its stake in The ODP Co. (NASDAQ:ODP) by 11.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,039 shares of the specialty retailer’s stock after selling 900 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in ODP were worth $160,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of ODP. KBC Group NV raised its position in shares of ODP by 88.9% during the third quarter. KBC Group NV now owns 1,844 shares of the specialty retailer’s stock worth $55,000 after acquiring an additional 868 shares during the last quarter. GAMMA Investing LLC increased its position in ODP by 380.1% in the fourth quarter. GAMMA Investing LLC now owns 3,879 shares of the specialty retailer’s stock worth $88,000 after purchasing an additional 3,071 shares during the period. New York State Common Retirement Fund raised its holdings in ODP by 17.6% during the 4th 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in ODP by 13.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,016 shares of the specialty retailer’s stock valued at $268,000 after purchasing an additional 1,049 shares during the period. Finally, Paloma Partners Management Co bought a new position in shares of ODP in the 3rd quarter valued at about $279,000. 99.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ODP has been the subject of a number of recent research reports. UBS Group dropped their price target on shares of 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 cut shares of ODP from a “buy” rating to a “hold” rating in a research report on Friday.

ODP Price Performance

Shares of ODP opened at $15.56 on Monday. The stock has a market cap of $463.95 million, a P/E ratio of -17.10, a price-to-earnings-growth ratio of 0.30 and a beta of 1.38. The ODP Co. has a 1 year low of $13.44 and a 1 year high of $58.13. The stock’s 50-day moving average price is $21.68 and its two-hundred day moving average price is $26.17. 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 released its quarterly earnings data on Wednesday, February 26th. The specialty retailer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.14). ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.61 billion. On average, equities analysts predict that The ODP Co. will post 3.26 earnings per share for the current year.

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.