Huntington National Bank cut its stake in shares of ORIX Co. (NYSE:IX) by 15.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,939 shares of the real estate investment trust’s stock after selling 360 shares during the period. Huntington National Bank’s holdings in ORIX were worth $146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of the business. Parallel Advisors LLC raised its position in ORIX by 22.5% during the third quarter. Parallel Advisors LLC now owns 1,129 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 207 shares during the period. Wetherby Asset Management Inc. raised its holdings in shares of ORIX by 2.8% in the third quarter. Wetherby Asset Management Inc. now owns 11,538 shares of the real estate investment trust’s stock worth $867,000 after buying an additional 319 shares during the period. CAPROCK Group Inc. purchased a new stake in shares of ORIX in the third quarter worth approximately $214,000. Quest Capital Management Inc. ADV purchased a new stake in shares of ORIX in the third quarter worth approximately $84,000. Finally, OLD National Bancorp IN purchased a new stake in shares of ORIX in the third quarter worth approximately $255,000. Institutional investors and hedge funds own 1.51% of the company’s stock.
IX has been the topic of several recent analyst reports. Zacks Investment Research downgraded ORIX from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. ValuEngine downgraded ORIX from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th.
Shares of NYSE IX traded down $0.57 during midday trading on Friday, hitting $79.74. The company’s stock had a trading volume of 13,082 shares, compared to its average volume of 44,480. The company has a current ratio of 1.55, a quick ratio of 1.52 and a debt-to-equity ratio of 1.34. The business’s 50 day moving average is $77.38 and its two-hundred day moving average is $74.11. ORIX Co. has a 12-month low of $67.00 and a 12-month high of $82.68. The firm has a market cap of $20.14 billion, a P/E ratio of 69.95, a price-to-earnings-growth ratio of 0.90 and a beta of 0.96.
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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