Signaturefd LLC Sells 1,482 Shares of ORIX Co. (NYSE:IX)

Posted by on Apr 15th, 2023

Signaturefd LLC lowered its position in shares of ORIX Co. (NYSE:IX – Get Rating) by 24.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,583 shares of the real estate investment trust’s stock after selling 1,482 shares during the quarter. Signaturefd LLC’s holdings in ORIX were worth $369,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky bought a new stake in ORIX in the third quarter valued at about $8,928,000. Jane Street Group LLC bought a new stake in ORIX in the second quarter valued at about $3,680,000. Arrowstreet Capital Limited Partnership increased its holdings in ORIX by 86.5% in the first 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 stake in ORIX in the second quarter valued at about $1,321,000. Finally, Ritholtz Wealth Management increased its holdings in ORIX by 64.2% in the fourth quarter. Ritholtz Wealth Management now owns 21,978 shares of the real estate investment trust’s stock valued at $1,770,000 after purchasing an additional 8,593 shares during the last quarter. Institutional investors own 1.95% of the company’s stock.

ORIX Stock Down 0.1 %

NYSE:IX opened at $85.43 on Friday. ORIX Co. has a 1 year low of $68.78 and a 1 year high of $97.26. The company has a current ratio of 1.73, a quick ratio of 1.71 and a debt-to-equity ratio of 1.42. The stock has a market cap of $20.19 billion, a price-to-earnings ratio of 8.42, a PEG ratio of 0.38 and a beta of 0.85. The stock has a 50-day moving average price of $85.72 and a two-hundred day moving average price of $80.76.

ORIX (NYSE:IX – Get Rating) last posted its earnings results on Monday, February 6th. The real estate investment trust reported $2.70 earnings per share (EPS) for the quarter. The firm had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $5.34 billion. ORIX had a return on equity of 9.21% and a net margin of 11.90%. As a group, equities analysts expect that ORIX Co. will post 9 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on IX. StockNews.com raised ORIX from a “hold” rating to a “buy” rating in a research note on Friday, March 24th. TheStreet raised ORIX from a “c” rating to a “b-” rating in a research note on Monday, February 6th.

About ORIX

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ORIX Corp. engages in the provision of leasing and corporate financial services. It operates through the following segments: Corporate Financial Services, Maintenance Leasing, Real Estate, Investment and Operation, Retail, and Overseas Business. The Corporate Financial Services segment offers leasing and loans to small and medium-sized enterprises.

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Institutional Ownership by Quarter for ORIX (NYSE:IX)

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