ORIX (NYSE:IX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, December 19th.
According to Zacks, “ORIX CORP-ADR is a diversified financial services institution with diverse operations in both corporate and retail finance, including: leasing, lending, rentals, life insurance, real estate financing and development, venture capital, investment and retail banking, commodities funds and securities brokerage. Their international operations include leasing, rentals, fixed income investment, aircraft and ship financing, commercial mortgage servicing and property development. “
Separately, BidaskClub downgraded ORIX from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th.
ORIX (NYSE IX) traded up $2.52 on Tuesday, reaching $96.10. The company’s stock had a trading volume of 149,134 shares, compared to its average volume of 24,156. 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 $25,210.00, a P/E ratio of 9.32, a price-to-earnings-growth ratio of 1.11 and a beta of 1.49. ORIX has a twelve month low of $73.70 and a twelve month high of $96.30.
Several large investors have recently modified their holdings of IX. Zions Bancorporation increased its holdings in ORIX by 2,314.8% in the 3rd quarter. Zions Bancorporation now owns 1,304 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 1,250 shares in the last quarter. Sei Investments Co. increased its holdings in ORIX by 26.1% in the 2nd quarter. Sei Investments Co. now owns 2,213 shares of the real estate investment trust’s stock worth $173,000 after buying an additional 458 shares in the last quarter. Boyd Watterson Asset Management LLC OH bought a new stake in ORIX in the 4th quarter worth about $206,000. River Road Asset Management LLC bought a new stake in ORIX in the 3rd quarter worth about $235,000. Finally, Jane Street Group LLC bought a new stake in ORIX in the 3rd quarter worth about $238,000. Hedge funds and other institutional investors own 1.90% of the company’s stock.
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