StockNews.com downgraded shares of ORIX (NYSE:IX - Free Report) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.
ORIX Stock Down 1.6 %
Shares of NYSE:IX traded down $1.74 during midday trading on Wednesday, reaching $106.84. 32,031 shares of the company were exchanged, compared to its average volume of 18,493. The firm has a market cap of $24.81 billion, a PE ratio of 9.21, a P/E/G ratio of 1.05 and a beta of 0.91. ORIX has a fifty-two week low of $89.68 and a fifty-two week high of $125.84. The stock has a fifty day simple moving average of $112.33 and a two-hundred day simple moving average of $112.96. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 1.38.
Hedge Funds Weigh In On ORIX
Institutional investors and hedge funds have recently modified their holdings of the business. Virtu Financial LLC bought a new position in ORIX in the 3rd quarter valued at about $1,097,000. MML Investors Services LLC grew its stake in shares of ORIX by 12.1% during the third quarter. MML Investors Services LLC now owns 3,298 shares of the real estate investment trust's stock worth $383,000 after buying an additional 355 shares during the last quarter. Orion Portfolio Solutions LLC raised its position in ORIX by 1.7% in the third quarter. Orion Portfolio Solutions LLC now owns 8,183 shares of the real estate investment trust's stock valued at $950,000 after purchasing an additional 134 shares during the last quarter. Quantinno Capital Management LP grew its holdings in ORIX by 20.0% during the 3rd quarter. Quantinno Capital Management LP now owns 35,200 shares of the real estate investment trust's stock worth $4,085,000 after acquiring an additional 5,868 shares during the last quarter. Finally, Captrust Financial Advisors increased its position in ORIX by 8.9% in the 3rd quarter. Captrust Financial Advisors now owns 2,315 shares of the real estate investment trust's stock valued at $269,000 after acquiring an additional 189 shares during the period. 1.73% of the stock is currently owned by institutional investors and hedge funds.
About ORIX
(
Get 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.
Read More
Before you consider ORIX, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ORIX wasn't on the list.
While ORIX currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
