International Assets Investment Management LLC Takes Position in ORIX Co. (NYSE:IX)

International Assets Investment Management LLC acquired a new position in shares of ORIX Co. (NYSE:IX) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 36,672 shares of the real estate investment trust’s stock, valued at approximately $4,256,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Teachers Retirement System of The State of Kentucky lifted its position in ORIX by 12.5% during the 2nd 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 buying an additional 22,000 shares in the last quarter. American Century Companies Inc. increased its position in shares of ORIX by 6.0% in the second quarter. American Century Companies Inc. now owns 85,051 shares of the real estate investment trust’s stock valued at $9,466,000 after acquiring an additional 4,782 shares during the last quarter. QRG Capital Management Inc. raised its holdings in ORIX by 1.7% during the second quarter. QRG Capital Management Inc. now owns 52,757 shares of the real estate investment trust’s stock worth $5,872,000 after acquiring an additional 858 shares in the last quarter. Natixis Advisors LLC boosted its position in ORIX by 9.6% during the second quarter. Natixis Advisors LLC now owns 38,537 shares of the real estate investment trust’s stock valued at $4,289,000 after purchasing an additional 3,381 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its stake in ORIX by 0.5% in the second quarter. Mercer Global Advisors Inc. ADV now owns 37,902 shares of the real estate investment trust’s stock valued at $4,219,000 after purchasing an additional 190 shares in the last quarter. Institutional investors and hedge funds own 1.73% of the company’s stock.

ORIX Stock Performance

Shares of IX stock opened at $106.29 on Friday. The stock has a market cap of $24.68 billion, a P/E ratio of 9.92, a P/E/G ratio of 0.88 and a beta of 0.90. The company has a fifty day moving average price of $115.70 and a two-hundred day moving average price of $112.30. ORIX Co. has a one year low of $86.05 and a one year high of $125.84. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.81 and a quick ratio of 1.77.

ORIX (NYSE:IX) last posted its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $2.41 EPS for the quarter. The business had revenue of $4.54 billion during the quarter. ORIX had a return on equity of 9.29% and a net margin of 13.01%. As a group, equities analysts predict that ORIX Co. will post 11.59 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut ORIX from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th.

About ORIX

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.