Origin Materials, Inc. (NASDAQ:ORGN) Stock Holdings Decreased by HighTower Advisors LLC

HighTower Advisors LLC cut its holdings in Origin Materials, Inc. (NASDAQ:ORGN – Get Rating) by 0.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 730,236 shares of the financial services provider’s stock after selling 6,331 shares during the period. HighTower Advisors LLC owned about 0.51% of Origin Materials worth $3,366,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of Origin Materials in the 1st quarter valued at about $44,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Origin Materials in the 2nd quarter valued at about $52,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Origin Materials in the 2nd quarter valued at about $56,000. ProShare Advisors LLC boosted its holdings in shares of Origin Materials by 16.7% in the 4th quarter. ProShare Advisors LLC now owns 13,519 shares of the financial services provider’s stock valued at $62,000 after buying an additional 1,938 shares during the period. Finally, Principal Financial Group Inc. acquired a new position in shares of Origin Materials in the 2nd quarter valued at about $63,000. 28.63% of the stock is owned by institutional investors and hedge funds.

Origin Materials Stock Performance

NASDAQ ORGN opened at $4.32 on Monday. Origin Materials, Inc. has a one year low of $3.67 and a one year high of $7.71. The company has a 50-day simple moving average of $4.10 and a 200-day simple moving average of $4.85. The firm has a market capitalization of $618.19 million, a PE ratio of 7.58 and a beta of 1.24.

Origin Materials (NASDAQ:ORGN – Get Rating) last posted its earnings results on Thursday, February 23rd. The financial services provider reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. Equities analysts forecast that Origin Materials, Inc. will post -0.55 earnings per share for the current year.

Insider Buying and Selling at Origin Materials

In other Origin Materials news, CEO Richard J. Riley sold 45,000 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $4.69, for a total transaction of $211,050.00. Following the completion of the transaction, the chief executive officer now directly owns 337,500 shares of the company’s stock, valued at approximately $1,582,875. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 25.20% of the stock is currently owned by company insiders.

Origin Materials Profile

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Micromidas, Inc, doing business as Origin Materials, produces and commercializes plant-based PET plastic. It develops a platform for turning the carbon found in biomass into useful materials, while capturing carbon in the process. The company serves tire filler, carbon black, agriculture, and activated carbon markets.