611,882 Shares in Origin Materials, Inc. (NASDAQ:ORGN) Bought by Marshall Wace LLP

Marshall Wace LLP acquired a new stake in Origin Materials, Inc. (NASDAQ:ORGN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 611,882 shares of the financial services provider's stock, valued at approximately $783,000. Marshall Wace LLP owned 0.42% of Origin Materials as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp lifted its holdings in Origin Materials by 2.1% in the third quarter. State Street Corp now owns 480,194 shares of the financial services provider's stock valued at $739,000 after acquiring an additional 10,000 shares during the period. Geode Capital Management LLC boosted its holdings in Origin Materials by 6.3% during the third quarter. Geode Capital Management LLC now owns 1,486,519 shares of the financial services provider's stock worth $2,290,000 after buying an additional 87,751 shares in the last quarter. Virtu Financial LLC acquired a new position in Origin Materials during the third quarter worth about $159,000. FNY Investment Advisers LLC purchased a new position in Origin Materials in the fourth quarter valued at about $67,000. Finally, Capstone Wealth Management LLC acquired a new stake in shares of Origin Materials during the 4th quarter valued at approximately $50,000. Hedge funds and other institutional investors own 29.91% of the company's stock.

Origin Materials Price Performance

ORGN stock traded up $0.02 during midday trading on Wednesday, hitting $0.67. The stock had a trading volume of 179,013 shares, compared to its average volume of 1,465,807. Origin Materials, Inc. has a 12-month low of $0.42 and a 12-month high of $1.90. The company's 50-day moving average price is $0.71 and its 200 day moving average price is $0.97. The firm has a market cap of $100.37 million, a PE ratio of -1.18 and a beta of 0.98.

Origin Materials (NASDAQ:ORGN - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The financial services provider reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.02. Origin Materials had a negative return on equity of 21.26% and a negative net margin of 229.52%. The company had revenue of $9.22 million during the quarter, compared to analysts' expectations of $9.08 million. As a group, sell-side analysts anticipate that Origin Materials, Inc. will post -0.6 EPS for the current year.

Analyst Ratings Changes

Separately, Bank of America downgraded Origin Materials from a "buy" rating to an "underperform" rating and cut their price target for the stock from $2.50 to $1.50 in a research note on Tuesday, January 14th.

Origin Materials Company 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.