FMR LLC raised its position in shares of ORIX Co. (NYSE:IX - Free Report) by 9.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 647,689 shares of the real estate investment trust's stock after buying an additional 58,178 shares during the quarter. FMR LLC owned 0.28% of ORIX worth $75,164,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of IX. Addison Advisors LLC purchased a new stake in ORIX during the second quarter valued at about $29,000. CWM LLC increased its holdings in shares of ORIX by 10.8% in the 2nd quarter. CWM LLC now owns 956 shares of the real estate investment trust's stock valued at $106,000 after purchasing an additional 93 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of 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 purchasing an additional 668 shares during the period. Blue Trust Inc. increased its holdings in shares of ORIX by 635.3% in the 2nd quarter. Blue Trust Inc. now owns 1,603 shares of the real estate investment trust's stock valued at $177,000 after purchasing an additional 1,385 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of ORIX by 44.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,533 shares of the real estate investment trust's stock valued at $178,000 after purchasing an additional 473 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 downgraded ORIX from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th.
View Our Latest Stock Analysis on IX
ORIX Stock Performance
Shares of IX traded down $0.74 during mid-day trading on Friday, hitting $112.98. The company's stock had a trading volume of 28,697 shares, compared to its average volume of 19,453. ORIX Co. has a one year low of $89.90 and a one year high of $125.84. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.37 and a current ratio of 1.40. The firm has a market capitalization of $26.23 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 1.14 and a beta of 0.92. The stock's 50-day moving average is $110.30 and its two-hundred day moving average is $113.19.
About ORIX
(
Free Report)
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.
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