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American Century Companies Inc. Has $4.52 Million Holdings in The ODP Co. (NASDAQ:ODP)

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American Century Companies Inc. lifted its stake in shares of The ODP Co. (NASDAQ:ODP – Get Rating) by 260.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 98,573 shares of the specialty retailer's stock after buying an additional 71,255 shares during the period. American Century Companies Inc.'s holdings in ODP were worth $4,518,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Mascoma Wealth Management LLC bought a new stake in ODP during the first quarter worth $74,000. Gladius Capital Management LP grew its stake in ODP by 31.4% in the 1st quarter. Gladius Capital Management LP now owns 3,523 shares of the specialty retailer's stock valued at $162,000 after purchasing an additional 842 shares during the period. Point72 Hong Kong Ltd grew its stake in ODP by 433.3% in the 4th quarter. Point72 Hong Kong Ltd now owns 4,714 shares of the specialty retailer's stock valued at $185,000 after purchasing an additional 3,830 shares during the period. Crossmark Global Holdings Inc. bought a new position in ODP in the 1st quarter valued at $203,000. Finally, Strs Ohio bought a new position in ODP in the 1st quarter valued at $215,000. Institutional investors own 92.15% of the company's stock.

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ODP Stock Down 0.5 %

Shares of NASDAQ ODP opened at $35.69 on Monday. The ODP Co. has a one year low of $28.85 and a one year high of $48.00. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.06 and a quick ratio of 0.55. The business's fifty day moving average price is $34.72 and its 200-day moving average price is $39.76. The stock has a market capitalization of $1.76 billion, a PE ratio of -20.05 and a beta of 1.89.

ODP (NASDAQ:ODP – Get Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The specialty retailer reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.33. The business had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $2.04 billion. ODP had a positive return on equity of 14.99% and a negative net margin of 1.08%. The firm's quarterly revenue was down 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 EPS. On average, equities research analysts anticipate that The ODP Co. will post 4.3 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. UBS Group reduced their price objective on ODP from $50.00 to $41.00 and set a "neutral" rating for the company in a research note on Thursday, August 4th. StockNews.com upgraded ODP from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, August 31st.

Insider Buying and Selling at ODP

In other news, EVP Zoe Maloney sold 6,800 shares of the stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $36.86, for a total transaction of $250,648.00. Following the transaction, the executive vice president now directly owns 21,932 shares in the company, valued at approximately $808,413.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.00% of the company's stock.

ODP Company Profile

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The ODP Corporation provides business services and supplies, products, and digital workplace technology solutions for small, medium, and enterprise businesses. The company operates in two divisions, Business Solutions and Retail. The Business Solutions division offers office supply products and services, cleaning and breakroom supplies, technology services, copy and print services, and office furniture products and services through sales forces, catalogs, and telesales, as well as through Internet Websites in the United States, Puerto Rico, the U.S.

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Want to see what other hedge funds are holding ODP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The ODP Co. (NASDAQ:ODP – Get Rating).

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