ORIX Co. (NYSE:IX) Shares Sold by GAMMA Investing LLC

GAMMA Investing LLC reduced its position in shares of ORIX Co. (NYSE:IX) by 16.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor 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 reporting period.

A number of other hedge funds have also made changes to their positions in the company. FMR LLC boosted its stake in shares of ORIX by 9.9% in the third quarter. FMR LLC now owns 647,689 shares of the real estate investment trust’s stock worth $75,164,000 after acquiring an additional 58,178 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake 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 purchasing an additional 22,000 shares during the last quarter. American Century Companies Inc. grew 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 buying an additional 4,782 shares in the last quarter. QRG Capital Management Inc. grew its holdings in shares of 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 worth $6,200,000 after buying an additional 672 shares in the last quarter. Finally, Natixis Advisors LLC raised its position in shares of 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 buying an additional 993 shares during the last quarter. Institutional investors and hedge funds own 1.73% of the company’s stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, major shareholder Corp Orix sold 3,700,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $75.38, for a total transaction of $278,906,000.00. Following the completion of the sale, the insider now owns 2,976,077 shares in the company, valued at $224,336,684.26. This trade represents a 55.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

ORIX Price Performance

IX stock opened at $103.61 on Friday. ORIX Co. has a 1 year low of $90.57 and a 1 year high of $125.84. 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 has a market capitalization of $24.06 billion, a PE ratio of 8.93, a price-to-earnings-growth ratio of 1.07 and a beta of 0.92. The business has a 50 day simple moving average of $108.69 and a 200-day simple moving average of $113.01.

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.