Crossmark Global Holdings Inc. raised its stake in ORIX Co. (NYSE:IX) by 500.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,612 shares of the real estate investment trust’s stock after acquiring an additional 130,516 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in ORIX were worth $11,769,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of IX. Steward Partners Investment Advisory LLC acquired a new stake in ORIX in the 2nd quarter valued at about $27,000. Quantamental Technologies LLC increased its position in ORIX by 150.0% in the 2nd quarter. Quantamental Technologies LLC now owns 500 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 300 shares in the last quarter. Cornerstone Advisors Inc. increased its position in ORIX by 52.6% in the 2nd quarter. Cornerstone Advisors Inc. now owns 598 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 206 shares in the last quarter. Parallel Advisors LLC increased its position in ORIX by 121.1% in the 2nd quarter. Parallel Advisors LLC now owns 922 shares of the real estate investment trust’s stock valued at $69,000 after acquiring an additional 505 shares in the last quarter. Finally, Huntington National Bank increased its position in ORIX by 17.5% in the 2nd quarter. Huntington National Bank now owns 2,299 shares of the real estate investment trust’s stock valued at $172,000 after acquiring an additional 342 shares in the last quarter. Hedge funds and other institutional investors own 1.40% of the company’s stock.
IX traded up $1.25 during midday trading on Wednesday, hitting $75.62. The company had a trading volume of 281 shares, compared to its average volume of 46,685. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.51 and a current ratio of 1.54. The company has a market capitalization of $19.07 billion, a PE ratio of 66.33, a P/E/G ratio of 0.85 and a beta of 0.96. ORIX Co. has a twelve month low of $67.00 and a twelve month high of $82.75. The firm’s 50-day simple moving average is $75.86 and its 200-day simple moving average is $73.32.
Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of ORIX from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research report on Wednesday, July 31st. ValuEngine cut shares of ORIX from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th.
ORIX Corporation provides diversified financial services primarily in Japan and the Americas. It operates through six segments: Corporate Financial Services, Maintenance Leasing, Real Estate, Investment and Operation, Retail, and Overseas Business. The Corporate Financial Services segment engages in lending, leasing, and fee businesses.
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