Mount Yale Investment Advisors LLC lifted its position in ORIX Co. (NYSE:IX – Free Report) by 3.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,375 shares of the real estate investment trust’s stock after purchasing an additional 129 shares during the period. Mount Yale Investment Advisors LLC’s holdings in ORIX were worth $465,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in ORIX in the 3rd quarter worth $4,256,000. Cerity Partners LLC grew its stake in shares of ORIX by 47.0% in the third quarter. Cerity Partners LLC now owns 20,370 shares of the real estate investment trust’s stock worth $2,364,000 after purchasing an additional 6,513 shares during the last quarter. MML Investors Services LLC increased its holdings in ORIX by 12.1% during the 3rd quarter. MML Investors Services LLC now owns 3,298 shares of the real estate investment trust’s stock valued at $383,000 after purchasing an additional 355 shares during the period. World Investment Advisors LLC bought a new position in ORIX during the 3rd quarter valued at approximately $2,600,000. Finally, Gilman Hill Asset Management LLC lifted its holdings in ORIX by 8.2% in the 4th quarter. Gilman Hill Asset Management LLC now owns 36,590 shares of the real estate investment trust’s stock worth $3,887,000 after buying an additional 2,775 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 ORIX from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th.
ORIX Stock Up 0.7 %
Shares of NYSE IX opened at $106.73 on Wednesday. The firm has a fifty day simple moving average of $107.34 and a two-hundred day simple moving average of $112.28. ORIX Co. has a 12 month low of $90.57 and a 12 month high of $125.84. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $24.78 billion, a PE ratio of 9.20, a price-to-earnings-growth ratio of 1.06 and a beta of 0.92.
ORIX (NYSE:IX – Get Free Report) last released its quarterly earnings results on Friday, November 8th. The real estate investment trust reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.50 by $0.32. The company had revenue of $4.67 billion during the quarter. ORIX had a net margin of 14.08% and a return on equity of 10.01%. During the same period in the previous year, the company earned $1.94 earnings per share. Equities analysts expect that ORIX Co. will post 10.99 earnings per share for the current year.
Insider Activity
In related news, major shareholder Corp Orix sold 3,700,000 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $75.38, for a total value of $278,906,000.00. Following the completion of the transaction, the insider now directly owns 2,976,077 shares in the company, valued at $224,336,684.26. This trade represents a 55.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is currently owned by company insiders.
About ORIX
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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