Renaissance Group LLC Buys 6,874 Shares of ORIX Co. (IX)

Renaissance Group LLC increased its position in shares of ORIX Co. (NYSE:IX) by 3.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 199,937 shares of the real estate investment trust’s stock after purchasing an additional 6,874 shares during the quarter. Renaissance Group LLC owned 0.08% of ORIX worth $16,183,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of IX. Strategic Global Advisors LLC grew its position in shares of ORIX by 0.6% in the second quarter. Strategic Global Advisors LLC now owns 5,675 shares of the real estate investment trust’s stock valued at $442,000 after purchasing an additional 36 shares during the period. Proficio Capital Partners LLC boosted its holdings in ORIX by 3.6% in the second quarter. Proficio Capital Partners LLC now owns 1,262 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 44 shares during the last quarter. Stifel Financial Corp boosted its holdings in ORIX by 0.5% in the second quarter. Stifel Financial Corp now owns 19,543 shares of the real estate investment trust’s stock valued at $1,520,000 after acquiring an additional 94 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in ORIX by 2.9% in the second quarter. Neuberger Berman Group LLC now owns 7,105 shares of the real estate investment trust’s stock valued at $554,000 after acquiring an additional 202 shares during the last quarter. Finally, ETRADE Capital Management LLC boosted its holdings in ORIX by 5.7% in the second quarter. ETRADE Capital Management LLC now owns 5,407 shares of the real estate investment trust’s stock valued at $421,000 after acquiring an additional 290 shares during the last quarter. 1.91% of the stock is owned by hedge funds and other institutional investors.

Shares of ORIX Co. (IX) traded down $0.34 during trading on Thursday, reaching $83.24. The company had a trading volume of 20,755 shares, compared to its average volume of 31,425. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.47 and a current ratio of 1.50. The company has a market capitalization of $21,659.10, a price-to-earnings ratio of 82.06, a P/E/G ratio of 1.00 and a beta of 1.46. ORIX Co. has a 1 year low of $73.70 and a 1 year high of $89.51.

A number of brokerages recently weighed in on IX. Zacks Investment Research cut ORIX from a “buy” rating to a “sell” rating in a report on Tuesday, September 26th. BidaskClub cut ORIX from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th.

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ORIX Profile

Institutional Ownership by Quarter for ORIX (NYSE:IX)

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