StockNews.com Downgrades ORIX (NYSE:IX) to Hold

ORIX (NYSE:IX) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

ORIX Stock Performance

Shares of ORIX stock opened at $107.82 on Wednesday. The firm has a market cap of $25.04 billion, a PE ratio of 9.29, a price-to-earnings-growth ratio of 1.06 and a beta of 0.91. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 1.38. ORIX has a 52 week low of $89.90 and a 52 week high of $125.84. The business’s fifty day simple moving average is $112.05 and its 200-day simple moving average is $112.92.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Addison Advisors LLC acquired a new position in ORIX during the second quarter worth approximately $29,000. EverSource Wealth Advisors LLC grew its position in ORIX by 44.7% during the first quarter. EverSource Wealth Advisors LLC now owns 453 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 140 shares during the period. CWM LLC raised its holdings in 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 during the last quarter. GAMMA Investing LLC increased its holdings in ORIX by 26.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,060 shares of the real estate investment trust’s stock valued at $118,000 after acquiring an additional 220 shares in 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 institutional investors and hedge funds.

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.