RNC Capital Management LLC Lowers Stock Position in ORIX Co. (NYSE:IX)

RNC Capital Management LLC cut its stake in shares of ORIX Co. (NYSE:IX – Get Rating) by 22.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,495 shares of the real estate investment trust’s stock after selling 710 shares during the quarter. RNC Capital Management LLC’s holdings in ORIX were worth $201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of IX. Goldman Sachs Group Inc. increased its position in shares of ORIX by 0.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 46,118 shares of the real estate investment trust’s stock valued at $3,881,000 after purchasing an additional 173 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in ORIX by 39.7% during the third quarter. Rockefeller Capital Management L.P. now owns 616 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 175 shares during the last quarter. Ronald Blue Trust Inc. grew its position in ORIX by 158.3% during the third quarter. Ronald Blue Trust Inc. now owns 310 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 190 shares during the last quarter. Royal Bank of Canada raised its stake in shares of ORIX by 2.6% during the first quarter. Royal Bank of Canada now owns 8,152 shares of the real estate investment trust’s stock worth $814,000 after acquiring an additional 208 shares in the last quarter. Finally, Creative Planning lifted its holdings in shares of ORIX by 5.3% in the 3rd quarter. Creative Planning now owns 4,587 shares of the real estate investment trust’s stock worth $324,000 after acquiring an additional 229 shares during the last quarter. Hedge funds and other institutional investors own 1.95% of the company’s stock.

ORIX Stock Performance

Shares of IX stock opened at $80.15 on Friday. The company has a market capitalization of $18.95 billion, a P/E ratio of 7.90, a PEG ratio of 0.46 and a beta of 0.86. ORIX Co. has a fifty-two week low of $68.78 and a fifty-two week high of $102.68. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.71 and a current ratio of 1.73. The stock has a 50 day moving average price of $86.79 and a two-hundred day moving average price of $80.26.

Analyst Ratings Changes

IX has been the topic of a number of analyst reports. StockNews.com assumed coverage on shares of ORIX in a research report on Thursday. They issued a “hold” rating on the stock. TheStreet upgraded ORIX from a “c” rating to a “b-” rating in a report on Monday, February 6th.

ORIX Company Profile

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ORIX Corp. engages in the provision of leasing and corporate financial services. It operates through the following segments: Corporate Financial Services, Maintenance Leasing, Real Estate, Investment and Operation, Retail, and Overseas Business. The Corporate Financial Services segment offers leasing and loans to small and medium-sized enterprises.