Mitsubishi UFJ Trust & Banking Corp Increases Stock Holdings in The ODP Co. (NASDAQ:ODP)

Mitsubishi UFJ Trust & Banking Corp boosted its stake in The ODP Co. (NASDAQ:ODP) by 3.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 97,208 shares of the specialty retailer’s stock after buying an additional 3,190 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.32% of ODP worth $2,211,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Weiss Asset Management LP raised 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 valued at $16,992,000 after purchasing an additional 546,525 shares during the last quarter. Mork Capital Management LLC increased its stake in ODP by 150.0% in the 3rd quarter. Mork Capital Management LLC now owns 125,000 shares of the specialty retailer’s stock valued at $3,719,000 after buying an additional 75,000 shares during the last quarter. State Street Corp lifted its position in shares of ODP by 5.0% during the 3rd quarter. State Street Corp now owns 1,542,725 shares of the specialty retailer’s stock worth $45,896,000 after buying an additional 74,015 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of ODP by 6.8% in the 4th quarter. American Century Companies Inc. now owns 1,013,222 shares of the specialty retailer’s stock worth $23,041,000 after buying an additional 64,641 shares during the last quarter. Finally, Semanteon Capital Management LP bought a new position in shares of ODP in the fourth quarter valued at approximately $1,377,000. 99.56% of the stock is currently owned by institutional investors.

ODP Stock Performance

NASDAQ ODP opened at $14.33 on Tuesday. The company has a market capitalization of $427.29 million, a PE ratio of -15.75, a price-to-earnings-growth ratio of 0.30 and a beta of 1.55. 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 ODP Co. has a 52-week low of $13.44 and a 52-week high of $53.38. The company has a 50-day simple moving average of $18.30 and a 200 day simple moving average of $24.11.

ODP (NASDAQ:ODP) last posted its quarterly earnings results on Wednesday, February 26th. The specialty retailer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.61 billion. On average, research analysts predict that The ODP Co. will post 3.26 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered ODP from a “buy” rating to a “hold” rating in a report on Friday, February 28th.

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.