The ODP Co. (NASDAQ:ODP) Shares Sold by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC lowered its position in The ODP Co. (NASDAQ:ODP) by 0.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,153,993 shares of the specialty retailer’s stock after selling 1,600 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 3.83% of ODP worth $34,331,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. State of Alaska Department of Revenue increased its holdings in shares of ODP by 2.1% during the third quarter. State of Alaska Department of Revenue now owns 19,156 shares of the specialty retailer’s stock worth $569,000 after buying an additional 394 shares in the last quarter. SummerHaven Investment Management LLC increased its stake in ODP by 2.6% during the second quarter. SummerHaven Investment Management LLC now owns 15,830 shares of the specialty retailer’s stock worth $622,000 after acquiring an additional 399 shares during the last quarter. CWM LLC grew its stake in shares of ODP by 81.3% in the 2nd quarter. CWM LLC now owns 941 shares of the specialty retailer’s stock valued at $37,000 after buying an additional 422 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its holdings in shares of ODP by 1.6% during the second quarter. Linden Thomas Advisory Services LLC now owns 28,399 shares of the specialty retailer’s stock valued at $1,115,000 after acquiring an additional 438 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of ODP by 0.3% during the 3rd quarter. Principal Financial Group Inc. now owns 158,407 shares of the specialty retailer’s stock valued at $4,713,000 after purchasing an additional 459 shares in the last quarter. 99.56% of the stock is currently owned by institutional investors.

ODP Stock Performance

Shares of NASDAQ:ODP opened at $24.61 on Tuesday. 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 1 year low of $23.69 and a 1 year high of $58.98. The business has a 50 day simple moving average of $28.93 and a two-hundred day simple moving average of $33.29.

ODP (NASDAQ:ODP) last released its quarterly earnings data on Wednesday, November 6th. The specialty retailer reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.89). ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the company earned $1.88 EPS. ODP’s quarterly revenue was down 11.3% on a year-over-year basis. Equities analysts anticipate that The ODP Co. will post 3.26 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. UBS Group lowered their price objective 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 upgraded shares of ODP from a “hold” rating to a “buy” rating 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.