ORIX (NYSE:IX) Downgraded to “Hold” at StockNews.com

StockNews.com downgraded shares of ORIX (NYSE:IX) from a buy rating to a hold rating in a report issued on Wednesday morning.

ORIX Price Performance

Shares of IX traded up $5.50 during trading hours on Wednesday, reaching $111.45. The company had a trading volume of 15,576 shares, compared to its average volume of 16,809. ORIX has a 12-month low of $83.56 and a 12-month high of $113.43. The company has a market capitalization of $25.88 billion, a price-to-earnings ratio of 13.04 and a beta of 0.87. The firm has a 50 day simple moving average of $106.25 and a 200-day simple moving average of $98.47. The company has a current ratio of 1.79, a quick ratio of 1.75 and a debt-to-equity ratio of 1.40.

ORIX (NYSE:IX) last released its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $2.66 earnings per share (EPS) for the quarter. ORIX had a net margin of 10.31% and a return on equity of 7.60%. The company had revenue of $4.59 billion for the quarter. Research analysts expect that ORIX will post 9.86 earnings per share for the current year.

Institutional Investors Weigh In On ORIX

Hedge funds have recently modified their holdings of the stock. Kathmere Capital Management LLC raised its holdings in ORIX by 3.1% in the first quarter. Kathmere Capital Management LLC now owns 4,244 shares of the real estate investment trust’s stock valued at $468,000 after buying an additional 126 shares during the period. Aaron Wealth Advisors LLC raised its holdings in ORIX by 5.5% in the fourth quarter. Aaron Wealth Advisors LLC now owns 2,475 shares of the real estate investment trust’s stock valued at $231,000 after buying an additional 129 shares during the period. US Bancorp DE raised its stake in shares of ORIX by 2.2% during the fourth quarter. US Bancorp DE now owns 6,530 shares of the real estate investment trust’s stock valued at $610,000 after purchasing an additional 143 shares during the period. GAMMA Investing LLC raised its stake in shares of ORIX by 27.7% during the first quarter. GAMMA Investing LLC now owns 840 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 182 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of ORIX by 94.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 410 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 199 shares during the period. 1.73% of the stock is owned by institutional investors and hedge funds.

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.