ORIX Co. (NYSE:IX) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC cut its holdings in ORIX Co. (NYSE:IX) by 14.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,649 shares of the real estate investment trust’s stock after selling 444 shares during the quarter. Park Avenue Securities LLC’s holdings in ORIX were worth $307,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Addison Advisors LLC acquired a new position in ORIX in the 2nd quarter valued at about $29,000. EverSource Wealth Advisors LLC raised its stake in shares of 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 purchasing an additional 140 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of ORIX by 573.9% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 465 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 396 shares during the period. GAMMA Investing LLC grew its position in ORIX by 27.7% in the 1st quarter. GAMMA Investing LLC now owns 840 shares of the real estate investment trust’s stock valued at $93,000 after buying an additional 182 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in ORIX by 135.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 842 shares of the real estate investment trust’s stock valued at $93,000 after buying an additional 485 shares during the period. 1.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

ORIX Stock Performance

NYSE IX opened at $112.17 on Monday. The stock has a market capitalization of $26.05 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 0.95 and a beta of 0.90. The business’s 50 day moving average is $117.95 and its two-hundred day moving average is $112.26. ORIX Co. has a 12-month low of $86.05 and a 12-month high of $125.84. The company has a current ratio of 1.81, a quick ratio of 1.77 and a debt-to-equity ratio of 1.38.

ORIX (NYSE:IX) last announced its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $2.41 earnings per share 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 for the quarter. Research analysts expect that ORIX Co. will post 11.23 EPS for the current 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.