ORIX (NYSE:IX) Sees Strong Trading Volume

Posted by on Jun 2nd, 2023

ORIX Co. (NYSE:IX – Get Rating) saw unusually-high trading volume on Wednesday . Approximately 11,075 shares were traded during mid-day trading, a decline of 55% from the previous session’s volume of 24,416 shares.The stock last traded at $83.75 and had previously closed at $84.13.

Wall Street Analyst Weigh In

IX has been the topic of several research reports. TheStreet lowered ORIX from a “b-” rating to a “c” rating in a research report on Wednesday, May 10th. StockNews.com raised ORIX from a “hold” rating to a “buy” rating in a research report on Thursday, May 11th.

ORIX Stock Up 2.3 %

The firm has a 50-day simple moving average of $84.87 and a 200 day simple moving average of $83.94. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.76 and a quick ratio of 1.73. The company has a market capitalization of $20.40 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 0.40 and a beta of 0.86.

Institutional Trading of ORIX

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Morgan Stanley increased its position in shares of ORIX by 2.2% during the fourth quarter. Morgan Stanley now owns 991,545 shares of the real estate investment trust’s stock worth $79,839,000 after acquiring an additional 21,745 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in ORIX by 262.6% in the first quarter. Envestnet Asset Management Inc. now owns 307,037 shares of the real estate investment trust’s stock worth $4,852,000 after purchasing an additional 222,350 shares in the last quarter. Todd Asset Management LLC grew its stake in ORIX by 1.5% in the first quarter. Todd Asset Management LLC now owns 242,645 shares of the real estate investment trust’s stock worth $19,916,000 after purchasing an additional 3,604 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in ORIX in the third quarter worth about $8,928,000. Finally, O Shaughnessy Asset Management LLC grew its stake in ORIX by 5.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 94,979 shares of the real estate investment trust’s stock worth $7,648,000 after purchasing an additional 5,029 shares in the last quarter. 1.95% of the stock is owned by hedge funds and other institutional investors.

ORIX Company Profile

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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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