Ethic Inc. Sells 2,337 Shares of ORIX Co. (NYSE:IX)

Ethic Inc. cut its position in shares of ORIX Co. (NYSE:IX) by 53.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,038 shares of the real estate investment trust’s stock after selling 2,337 shares during the period. Ethic Inc.’s holdings in ORIX were worth $216,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. D. E. Shaw & Co. Inc. raised its position in ORIX by 316.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 9,183 shares of the real estate investment trust’s stock valued at $976,000 after purchasing an additional 6,978 shares in the last quarter. Eagle Global Advisors LLC raised its position in ORIX by 3.2% during the 4th quarter. Eagle Global Advisors LLC now owns 80,704 shares of the real estate investment trust’s stock valued at $8,573,000 after purchasing an additional 2,505 shares in the last quarter. Citadel Advisors LLC raised its position in ORIX by 59.4% during the 4th quarter. Citadel Advisors LLC now owns 6,612 shares of the real estate investment trust’s stock valued at $702,000 after purchasing an additional 2,463 shares in the last quarter. Bank of America Corp DE raised its position in ORIX by 1.3% during the 4th quarter. Bank of America Corp DE now owns 424,770 shares of the real estate investment trust’s stock valued at $45,123,000 after purchasing an additional 5,301 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in ORIX by 18.5% during the 4th quarter. BNP Paribas Financial Markets now owns 3,437 shares of the real estate investment trust’s stock valued at $365,000 after purchasing an additional 537 shares in the last quarter. 1.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised ORIX from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th.

ORIX Stock Performance

IX opened at $20.55 on Friday. The firm has a market cap of $23.42 billion, a price-to-earnings ratio of 1.79, a PEG ratio of 0.97 and a beta of 0.88. The company has a current ratio of 1.77, a quick ratio of 1.73 and a debt-to-equity ratio of 1.38. ORIX Co. has a 12 month low of $17.75 and a 12 month high of $25.17. The stock has a fifty day moving average price of $20.22 and a 200-day moving average price of $20.93.

ORIX (NYSE:IX) last released its quarterly earnings results on Monday, May 12th. The real estate investment trust reported $0.46 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.20). The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $5.17 billion. ORIX had a return on equity of 9.73% and a net margin of 13.66%. As a group, equities research analysts anticipate that ORIX Co. will post 11.31 earnings per share for the current fiscal year.

ORIX Company Profile

ORIX Corporation provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East. The company's Corporate Financial Services and Maintenance Leasing segment is involved in the finance and fee; leasing and rental of automobiles, electronic measuring instruments, and ICT-related equipment businesses; and provision of life insurance and environment and energy-related products and services.