Renaissance Technologies LLC Has $1.48 Million Stock Position in Origin Materials, Inc. (NASDAQ:ORGN)

Renaissance Technologies LLC boosted its position in Origin Materials, Inc. (NASDAQ:ORGN - Free Report) by 193.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,153,200 shares of the financial services provider's stock after buying an additional 760,700 shares during the quarter. Renaissance Technologies LLC owned approximately 0.79% of Origin Materials worth $1,476,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. StoneX Group Inc. acquired a new stake in shares of Origin Materials in the fourth quarter valued at about $35,000. Capstone Wealth Management LLC acquired a new stake in Origin Materials in the 4th quarter valued at approximately $50,000. FNY Investment Advisers LLC bought a new position in Origin Materials in the 4th quarter worth approximately $67,000. Arete Wealth Advisors LLC lifted its holdings in shares of Origin Materials by 21.7% during the fourth quarter. Arete Wealth Advisors LLC now owns 90,013 shares of the financial services provider's stock worth $115,000 after buying an additional 16,050 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Origin Materials in the third quarter valued at approximately $159,000. Institutional investors and hedge funds own 29.91% of the company's stock.

Wall Street Analyst Weigh In

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

Origin Materials Trading Up 3.4 %

ORGN stock traded up $0.02 during trading on Friday, reaching $0.70. 778,284 shares of the stock were exchanged, compared to its average volume of 1,489,027. Origin Materials, Inc. has a twelve month low of $0.42 and a twelve month high of $1.90. The company has a market capitalization of $104.80 million, a P/E ratio of -1.23 and a beta of 0.98. The stock has a 50 day simple moving average of $0.72 and a 200-day simple moving average of $0.99.

Origin Materials (NASDAQ:ORGN - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The financial services provider reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.02. The company had revenue of $9.22 million for the quarter, compared to analyst estimates of $9.08 million. Origin Materials had a negative return on equity of 21.26% and a negative net margin of 229.52%. Equities analysts predict that Origin Materials, Inc. will post -0.6 EPS for the current year.

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.