ORIX (NYSE:IX) Downgraded to Hold Rating by StockNews.com

StockNews.com downgraded shares of ORIX (NYSE:IX) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

ORIX Price Performance

NYSE:IX opened at $107.62 on Wednesday. The firm’s fifty day moving average is $111.76 and its two-hundred day moving average is $112.99. The firm has a market cap of $24.99 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 1.05 and a beta of 0.91. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.37 and a current ratio of 1.40. ORIX has a one year low of $89.90 and a one year high of $125.84.

Hedge Funds Weigh In On ORIX

Institutional investors have recently made changes to their positions in the company. Addison Advisors LLC acquired a new stake in ORIX in the second quarter valued at approximately $29,000. EverSource Wealth Advisors LLC grew its position in shares of ORIX by 44.7% in the first quarter. EverSource Wealth Advisors LLC now owns 453 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 140 shares during the period. CWM LLC increased its stake in shares of ORIX by 10.8% during the second quarter. CWM LLC now owns 956 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 93 shares in the last quarter. GAMMA Investing LLC raised its position in shares of ORIX by 26.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,060 shares of the real estate investment trust’s stock worth $118,000 after purchasing an additional 220 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in ORIX by 143.7% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,133 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 668 shares in the last quarter. 1.73% of the stock is owned by hedge funds and other institutional investors.

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.