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

StockNews.com lowered shares of ORIX (NYSE:IXGet Rating) from a buy rating to a hold rating in a research note published on Monday morning.

ORIX Stock Performance

Shares of IX stock opened at $78.44 on Monday. ORIX has a 12-month low of $68.78 and a 12-month high of $112.91. The firm has a market capitalization of $18.89 billion, a price-to-earnings ratio of 7.98, a price-to-earnings-growth ratio of 0.40 and a beta of 0.89. The business has a 50 day simple moving average of $73.73 and a 200 day simple moving average of $81.59. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.78 and a quick ratio of 1.75.

Insider Buying and Selling at ORIX

In other ORIX news, major shareholder Corp Orix sold 3,750,000 shares of the stock in a transaction on Monday, November 21st. The stock was sold at an average price of $87.75, for a total transaction of $329,062,500.00. Following the completion of the transaction, the insider now directly owns 7,238,577 shares of the company’s stock, valued at approximately $635,185,131.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.08% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ORIX

Institutional investors and hedge funds have recently modified their holdings of the stock. Teachers Retirement System of The State of Kentucky acquired a new position in shares of ORIX during the 3rd quarter worth about $8,928,000. Jane Street Group LLC bought a new stake in shares of ORIX during the 2nd quarter worth approximately $3,680,000. Arrowstreet Capital Limited Partnership lifted its stake in ORIX by 86.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 57,839 shares of the real estate investment trust’s stock valued at $5,775,000 after purchasing an additional 26,824 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of ORIX during the second quarter valued at $1,321,000. Finally, Todd Asset Management LLC increased its position in shares of ORIX by 4.8% during the second quarter. Todd Asset Management LLC now owns 307,003 shares of the real estate investment trust’s stock worth $25,838,000 after buying an additional 13,959 shares during the period. Institutional investors and hedge funds own 1.94% of the company’s stock.

About ORIX

(Get Rating)

ORIX Corporation provides diversified financial services in Japan, the Americas, Asia, Europe, Australasia, the Middle East, and internationally. 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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