ORIX Co. (IX) Holdings Trimmed by World Asset Management Inc

World Asset Management Inc lowered its stake in shares of ORIX Co. (NYSE:IX) by 40.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,008 shares of the real estate investment trust’s stock after selling 2,734 shares during the period. World Asset Management Inc’s holdings in ORIX were worth $287,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of IX. Cornerstone Advisors Inc. raised its stake in ORIX by 50.7% during the third quarter. Cornerstone Advisors Inc. now owns 428 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 144 shares during the period. FNY Investment Advisers LLC purchased a new position in ORIX during the fourth quarter worth approximately $71,000. Csenge Advisory Group purchased a new position in ORIX during the third quarter worth approximately $102,000. Zions Bancorporation purchased a new position in ORIX during the third quarter worth approximately $106,000. Finally, We Are One Seven LLC purchased a new position in ORIX during the third quarter worth approximately $206,000. 1.86% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research raised shares of ORIX from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st.

Shares of IX stock traded down $0.01 during mid-day trading on Wednesday, reaching $75.11. The company’s stock had a trading volume of 2,523 shares, compared to its average volume of 82,180. ORIX Co. has a 12-month low of $67.00 and a 12-month high of $92.68. The company has a current ratio of 1.45, a quick ratio of 1.42 and a debt-to-equity ratio of 1.38. The company has a market cap of $19.87 billion, a PE ratio of 68.28, a P/E/G ratio of 0.90 and a beta of 1.08.

ORIX (NYSE:IX) last issued its earnings results on Monday, January 28th. The real estate investment trust reported $2.81 EPS for the quarter, missing the Zacks’ consensus estimate of $2.98 by ($0.17). ORIX had a net margin of 11.86% and a return on equity of 10.26%. The business had revenue of $4.74 billion during the quarter. Equities research analysts expect that ORIX Co. will post 11.61 EPS for the current fiscal year.

WARNING: “ORIX Co. (IX) Holdings Trimmed by World Asset Management Inc” was first posted by Enterprise Leader and is owned by of Enterprise Leader. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://theenterpriseleader.com/2019/02/06/orix-co-ix-holdings-trimmed-by-world-asset-management-inc.html.

ORIX Company Profile

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.

Recommended Story: Why is the LIBOR significant?

Want to see what other hedge funds are holding IX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ORIX Co. (NYSE:IX).

Institutional Ownership by Quarter for ORIX (NYSE:IX)

Receive News & Ratings for ORIX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ORIX and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply