ORIX (NYSE:IX) Cut to “Hold” at StockNews.com

StockNews.com cut shares of ORIX (NYSE:IX) from a buy rating to a hold rating in a research note published on Wednesday morning.

ORIX Trading Up 4.6 %

IX stock traded up $5.02 during mid-day trading on Wednesday, hitting $114.40. 24,526 shares of the company were exchanged, compared to its average volume of 15,984. ORIX has a 12-month low of $86.05 and a 12-month high of $120.99. The firm has a market capitalization of $26.56 billion, a P/E ratio of 11.12 and a beta of 0.90. The business has a fifty day simple moving average of $112.39 and a 200-day simple moving average of $107.27. The company has a quick ratio of 1.75, a current ratio of 1.79 and a debt-to-equity ratio of 1.40.

ORIX (NYSE:IX) last posted its earnings results on Wednesday, May 8th. The real estate investment trust reported $3.71 earnings per share for the quarter. ORIX had a net margin of 12.25% and a return on equity of 8.88%. The firm had revenue of $5.19 billion during the quarter. On average, equities research analysts predict that ORIX will post 10.71 earnings per share for the current fiscal year.

Institutional Trading of ORIX

Several hedge funds have recently made changes to their positions in the business. Addison Advisors LLC acquired a new stake in ORIX in the 2nd quarter valued at about $29,000. Tower Research Capital LLC TRC raised its holdings in ORIX by 94.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 410 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 199 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in ORIX by 44.7% in the first quarter. EverSource Wealth Advisors LLC now owns 453 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 140 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of ORIX by 573.9% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 465 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 396 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new stake in shares of ORIX in the 4th quarter valued at $63,000. Institutional investors and hedge funds own 1.73% of the company’s stock.

ORIX Company Profile

ORIX Corporation provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East. The company's Corporate Financial Services and Maintenance Leasing segment is involved in the finance and fee; leasing and rental of automobiles, electronic measuring instruments, and ICT-related equipment businesses; and provision of life insurance and environment and energy-related products and services.