Shell Asset Management Co. cut its holdings in The ODP Co. (NASDAQ:ODP – Get Rating) by 12.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,445 shares of the specialty retailer’s stock after selling 482 shares during the period. Shell Asset Management Co.’s holdings in ODP were worth $121,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of ODP. Citigroup Inc. raised its holdings in ODP by 4.8% in the 1st quarter. Citigroup Inc. now owns 44,619 shares of the specialty retailer’s stock valued at $2,045,000 after acquiring an additional 2,046 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in ODP by 9.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,052 shares of the specialty retailer’s stock valued at $139,000 after acquiring an additional 270 shares during the last quarter. MetLife Investment Management LLC raised its holdings in ODP by 40.6% in the 1st quarter. MetLife Investment Management LLC now owns 24,211 shares of the specialty retailer’s stock valued at $1,110,000 after acquiring an additional 6,986 shares during the last quarter. Panagora Asset Management Inc. acquired a new stake in shares of ODP during the 1st quarter worth $220,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of ODP by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,569 shares of the specialty retailer’s stock worth $1,813,000 after buying an additional 4,878 shares during the last quarter. 96.98% of the stock is currently owned by institutional investors and hedge funds.
ODP Trading Up 8.8 %
ODP stock opened at $49.26 on Thursday. The company has a market cap of $2.26 billion, a price-to-earnings ratio of -21.61 and a beta of 1.84. The company has a quick ratio of 0.64, a current ratio of 1.11 and a debt-to-equity ratio of 0.12. The business has a fifty day simple moving average of $49.36 and a 200-day simple moving average of $43.37. The ODP Co. has a 52 week low of $28.85 and a 52 week high of $53.59.
ODP Company Profile
The ODP Corp. operates as a holding company, which engages in the provision of business services and supplies, products, and digital workplace technology solutions. It operates through the Business Solutions Division and Retail Division segments. The Business Solutions Division segment offers nationally branded and the company’s private branded office supply and adjacency products and services.
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