Origin Materials, Inc. (NASDAQ:ORGN) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC boosted its holdings in shares of Origin Materials, Inc. (NASDAQ:ORGN) by 352.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 98,969 shares of the financial services provider’s stock after purchasing an additional 77,119 shares during the period. AQR Capital Management LLC owned about 0.07% of Origin Materials worth $89,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Origin Materials by 0.8% in the first quarter. Vanguard Group Inc. now owns 5,899,099 shares of the financial services provider’s stock worth $3,009,000 after acquiring an additional 48,889 shares during the period. Janus Henderson Group PLC raised its position in shares of Origin Materials by 28.1% in the first quarter. Janus Henderson Group PLC now owns 240,378 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 52,701 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Origin Materials by 12.3% in 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 acquiring an additional 203,099 shares during the period. Acadian Asset Management LLC raised its position in shares of Origin Materials by 92.5% in the first 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. Finally, Point72 DIFC Ltd acquired a new position in shares of Origin Materials in the second quarter worth about $50,000. 29.91% of the stock is currently owned by institutional investors and hedge funds.

Origin Materials Trading Down 3.4 %

Shares of Origin Materials stock opened at $1.43 on Friday. The firm has a 50-day simple moving average of $1.45 and a two-hundred day simple moving average of $1.09. The company has a market cap of $210.24 million, a P/E ratio of -15.89 and a beta of 0.99. Origin Materials, Inc. has a fifty-two week low of $0.44 and a fifty-two week high of $1.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 13.48 and a current ratio of 13.57.

Origin Materials (NASDAQ:ORGN) last released its quarterly earnings results on Wednesday, August 14th. The financial services provider reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.02). Origin Materials had a negative return on equity of 14.10% and a negative net margin of 37.93%. The company had revenue of $7.03 million for the quarter. As a group, equities analysts predict that Origin Materials, Inc. will post -0.45 earnings per share for the current fiscal year.

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 objective for the stock from $1.35 to $3.00 in a research report on Friday, August 16th.

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.