Sequoia Financial Advisors LLC Decreases Holdings in ORIX Co. (NYSE:IX)

Sequoia Financial Advisors LLC lowered its holdings in ORIX Co. (NYSE:IX) by 4.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,263 shares of the real estate investment trust’s stock after selling 188 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in ORIX were worth $495,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Teachers Retirement System of The State of Kentucky grew its holdings in shares of ORIX by 12.5% during 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 purchasing an additional 22,000 shares during the last quarter. American Century Companies Inc. grew its stake in ORIX by 6.0% during the 2nd 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 during the last quarter. QRG Capital Management Inc. increased its position 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 buying an additional 858 shares during the period. Natixis Advisors LLC lifted its stake in ORIX by 9.6% in 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 buying an additional 3,381 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in shares of 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 acquiring an additional 190 shares during the period. Hedge funds and other institutional investors own 1.73% of the company’s stock.

ORIX Price Performance

Shares of NYSE:IX opened at $104.40 on Monday. ORIX Co. has a one year low of $86.05 and a one year high of $125.84. The stock has a market capitalization of $24.24 billion, a price-to-earnings ratio of 10.17, a PEG ratio of 0.91 and a beta of 0.90. The company has a 50-day simple moving average of $117.04 and a 200-day simple moving average of $112.36. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.77 and a current ratio of 1.81.

ORIX (NYSE:IX) last posted its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $2.41 EPS for the quarter. ORIX had a return on equity of 9.29% and a net margin of 13.01%. The firm had revenue of $4.54 billion during the quarter. On average, analysts predict that ORIX Co. will post 11.23 EPS for the current year.

Analyst Ratings Changes

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

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.