Point72 DIFC Ltd bought a new stake in Origin Materials, Inc. (NASDAQ:ORGN – Free Report) in the 2nd quarter, Holdings Channel.com reports. The firm bought 55,921 shares of the financial services provider’s stock, valued at approximately $50,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Acadian Asset Management LLC boosted its stake in shares of Origin Materials by 92.5% during the 1st quarter. Acadian Asset Management LLC now owns 823,455 shares of the financial services provider’s stock worth $418,000 after acquiring an additional 395,588 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Origin Materials by 12.3% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,853,083 shares of the financial services provider’s stock worth $945,000 after purchasing an additional 203,099 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Origin Materials in the second quarter valued at $155,000. Sanctuary Advisors LLC bought a new position in shares of Origin Materials in the second quarter valued at about $136,000. Finally, AQR Capital Management LLC lifted its stake in shares of Origin Materials by 352.9% during the 2nd quarter. AQR Capital Management LLC now owns 98,969 shares of the financial services provider’s stock worth $89,000 after buying an additional 77,119 shares during the last quarter. Institutional investors own 29.91% of the company’s stock.
Origin Materials Price Performance
Shares of NASDAQ ORGN opened at $1.47 on Thursday. The firm has a market cap of $216.12 million, a P/E ratio of -147,000.00 and a beta of 0.99. The business’s 50 day moving average is $1.31 and its 200-day moving average is $1.02. The company has a current ratio of 13.57, a quick ratio of 13.48 and a debt-to-equity ratio of 0.01. Origin Materials, Inc. has a 1-year low of $0.44 and a 1-year high of $1.90.
Wall Street Analyst Weigh In
Separately, Bank of America upgraded shares of Origin Materials from a “neutral” rating to a “buy” rating and upped their price target for the company from $1.35 to $3.00 in a research note on Friday, August 16th.
Check Out Our Latest Analysis on ORGN
Origin Materials Profile
Origin Materials, Inc, together with its subsidiaries, operates as a carbon-negative materials company. The company develops a proprietary biomass conversion platform to convert biomass, or plant-based carbon into building block chemicals chloromethylfurfural and hydrothermal carbon, as well as other oils and extractives and other co-products.
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