GAMMA Investing LLC Decreases Stake in ORIX Co. (NYSE:IX)

GAMMA Investing LLC reduced its stake in shares of ORIX Co. (NYSE:IX) by 16.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,288 shares of the real estate investment trust’s stock after selling 245 shares during the period. GAMMA Investing LLC’s holdings in ORIX were worth $137,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. FMR LLC raised its position in ORIX by 9.9% during the 3rd quarter. FMR LLC now owns 647,689 shares of the real estate investment trust’s stock worth $75,164,000 after buying an additional 58,178 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of ORIX by 12.5% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 197,640 shares of the real estate investment trust’s stock worth $21,997,000 after acquiring an additional 22,000 shares during the period. American Century Companies Inc. raised its holdings in shares of ORIX by 6.0% during the second quarter. American Century Companies Inc. now owns 85,051 shares of the real estate investment trust’s stock worth $9,466,000 after purchasing an additional 4,782 shares during the last quarter. QRG Capital Management Inc. lifted its position in ORIX by 1.3% during the third quarter. QRG Capital Management Inc. now owns 53,429 shares of the real estate investment trust’s stock valued at $6,200,000 after purchasing an additional 672 shares during the period. Finally, Natixis Advisors LLC boosted its holdings in ORIX by 2.6% in the third quarter. Natixis Advisors LLC now owns 39,530 shares of the real estate investment trust’s stock valued at $4,587,000 after purchasing an additional 993 shares during the last quarter. 1.73% of the stock is owned by hedge funds and other institutional investors.

ORIX Price Performance

Shares of NYSE IX opened at $103.61 on Friday. 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 firm’s 50 day simple moving average is $108.69 and its 200-day simple moving average is $113.01. ORIX Co. has a 12 month low of $90.57 and a 12 month high of $125.84. The stock has a market capitalization of $24.06 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 1.07 and a beta of 0.92.

Analyst Ratings Changes

Separately, StockNews.com cut ORIX from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th.

Insider Activity at ORIX

In related news, major shareholder Corp Orix sold 3,700,000 shares of ORIX stock in a transaction on Friday, December 13th. The shares were sold at an average price of $75.38, for a total value of $278,906,000.00. Following the sale, the insider now owns 2,976,077 shares of the company’s stock, valued at approximately $224,336,684.26. This trade represents a 55.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is owned by company insiders.

ORIX 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.