StockNews.com Downgrades ORIX (NYSE:IX) to Hold

ORIX (NYSE:IX) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

ORIX Stock Down 0.0 %

Shares of IX opened at $108.58 on Wednesday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.40 and a quick ratio of 1.37. The stock has a market capitalization of $25.21 billion, a price-to-earnings ratio of 9.36, a price-to-earnings-growth ratio of 1.05 and a beta of 0.91. ORIX has a 1 year low of $89.68 and a 1 year high of $125.84. The business’s 50 day simple moving average is $112.59 and its 200-day simple moving average is $113.00.

Hedge Funds Weigh In On ORIX

Several institutional investors have recently bought and sold shares of the business. MML Investors Services LLC lifted its holdings in shares of ORIX by 12.1% in the 3rd quarter. MML Investors Services LLC now owns 3,298 shares of the real estate investment trust’s stock valued at $383,000 after acquiring an additional 355 shares during the last quarter. Orion Portfolio Solutions LLC lifted its stake in shares of ORIX by 1.7% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 8,183 shares of the real estate investment trust’s stock valued at $950,000 after purchasing an additional 134 shares during the last quarter. Quantinno Capital Management LP lifted its stake in shares of ORIX by 20.0% in the 3rd quarter. Quantinno Capital Management LP now owns 35,200 shares of the real estate investment trust’s stock valued at $4,085,000 after purchasing an additional 5,868 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of ORIX by 8.9% in the 3rd quarter. Captrust Financial Advisors now owns 2,315 shares of the real estate investment trust’s stock worth $269,000 after purchasing an additional 189 shares during the period. Finally, Financial Counselors Inc. increased its position in shares of ORIX by 9.6% during the 3rd quarter. Financial Counselors Inc. now owns 3,626 shares of the real estate investment trust’s stock valued at $421,000 after purchasing an additional 317 shares during the last quarter. Institutional investors 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.