Renaissance Technologies LLC Trims Position in Orix (IX)

Renaissance Technologies LLC lowered its stake in shares of Orix (NYSE:IX) by 16.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 59,200 shares of the real estate investment trust’s stock after selling 11,800 shares during the quarter. Renaissance Technologies LLC’s holdings in Orix were worth $5,019,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CAPROCK Group Inc. bought a new position in Orix during the fourth quarter valued at about $214,000. BancorpSouth Bank bought a new position in Orix during the fourth quarter valued at about $203,000. Boyd Watterson Asset Management LLC OH bought a new position in Orix during the fourth quarter valued at about $206,000. Signaturefd LLC bought a new position in Orix during the fourth quarter valued at about $213,000. Finally, Ballentine Partners LLC bought a new position in Orix during the fourth quarter valued at about $247,000. Institutional investors own 1.85% of the company’s stock.

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Shares of NYSE:IX opened at $87.29 on Tuesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.52 and a quick ratio of 1.48. The stock has a market cap of $22,297.05, a price-to-earnings ratio of 89.99, a price-to-earnings-growth ratio of 0.94 and a beta of 1.50. Orix has a twelve month low of $75.78 and a twelve month high of $100.03.

Orix (NYSE:IX) last issued its earnings results on Tuesday, January 30th. The real estate investment trust reported $0.31 earnings per share for the quarter. The firm had revenue of $6 billion during the quarter. Orix had a net margin of 10.61% and a return on equity of 11.36%. analysts predict that Orix will post 10.61 EPS for the current fiscal year.

Separately, Zacks Investment Research upgraded shares of Orix from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a research report on Tuesday, March 27th.

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About Orix

ORIX Corporation provides financial services. 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. The Maintenance Leasing segment is involved in leasing, automobile rental, and car sharing activities; lease and rental of precision measuring, information technology related, and medical equipment; and the sale of software packages, as well as the provision of technical support, equipment calibration, and asset management services.

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Institutional Ownership by Quarter for Orix (NYSE:IX)

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