Choreo LLC Buys Shares of 2,831 ORIX Co. (NYSE:IX)

Choreo LLC purchased a new stake in ORIX Co. (NYSE:IX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,831 shares of the real estate investment trust’s stock, valued at approximately $314,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Teachers Retirement System of The State of Kentucky grew its holdings in ORIX by 20.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 175,640 shares of the real estate investment trust’s stock valued at $19,356,000 after purchasing an additional 30,400 shares during the period. BTC Capital Management Inc. bought a new stake in shares of ORIX in the 1st quarter valued at $1,639,000. Callan Capital LLC bought a new stake in shares of ORIX in the 1st quarter valued at $842,000. Caprock Group LLC acquired a new stake in ORIX during the 2nd quarter worth $442,000. Finally, Sei Investments Co. lifted its holdings in ORIX by 21.8% during the first quarter. Sei Investments Co. now owns 19,473 shares of the real estate investment trust’s stock worth $2,145,000 after acquiring an additional 3,484 shares in the last quarter. 1.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

ORIX Stock Down 3.3 %

ORIX stock opened at $118.43 on Wednesday. The company has a 50 day moving average of $117.81 and a 200-day moving average of $111.27. The company has a quick ratio of 1.77, a current ratio of 1.81 and a debt-to-equity ratio of 1.38. ORIX Co. has a twelve month low of $86.05 and a twelve month high of $125.84. The stock has a market capitalization of $27.50 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 1.02 and a beta of 0.91.

ORIX (NYSE:IX) last released its earnings results on Monday, August 5th. The real estate investment trust reported $2.41 earnings per share (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, equities research analysts anticipate that ORIX Co. will post 11.23 EPS for the current fiscal year.

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.