Cubist Systematic Strategies LLC Raises Stock Holdings in Organigram Holdings Inc. (NASDAQ:OGI)

Cubist Systematic Strategies LLC increased its position in Organigram Holdings Inc. (NASDAQ:OGI) by 210.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,095 shares of the company’s stock after buying an additional 30,583 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Organigram were worth $73,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Renaissance Technologies LLC increased its position in Organigram by 2.4% during the 4th quarter. Renaissance Technologies LLC now owns 914,648 shares of the company’s stock valued at $1,473,000 after purchasing an additional 21,200 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in Organigram during the 4th quarter valued at $1,153,000. Dimensional Fund Advisors LP increased its position in Organigram by 13.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 359,739 shares of the company’s stock valued at $579,000 after purchasing an additional 43,721 shares during the period. Clear Harbor Asset Management LLC increased its position in Organigram by 37.4% during the 4th quarter. Clear Harbor Asset Management LLC now owns 45,000 shares of the company’s stock valued at $72,000 after purchasing an additional 12,250 shares during the period. Finally, Oxford Asset Management LLP purchased a new position in Organigram during the 4th quarter valued at $50,000. 34.63% of the stock is owned by hedge funds and other institutional investors.

Organigram Trading Down 3.7%

Shares of Organigram stock opened at $1.31 on Tuesday. The company’s fifty day simple moving average is $1.08 and its two-hundred day simple moving average is $1.34. The company has a market cap of $175.33 million, a P/E ratio of -3.45 and a beta of 1.35. Organigram Holdings Inc. has a 12-month low of $0.85 and a 12-month high of $2.08.

Organigram Profile

Organigram Holdings Inc, through its subsidiaries, engages in the production and sale of cannabis and cannabis-derived products in Canada. It offers medical cannabis products, including whole flower, milled flower, pre-rolls, infused pre-rolls, vapes, gummies, and concentrates for medical retailers; adult use recreational cannabis under the SHRED, Holy Mountain, Big Bag O' Buds, Monjour, Trailblazer, SHRED'ems, Edison Cannabis Co, Edison JOLTS, Tremblant, and Laurentian brands.