Choreo LLC Makes New $314,000 Investment in ORIX Co. (NYSE:IX)

Choreo LLC acquired a new stake in ORIX Co. (NYSE:IX) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 2,831 shares of the real estate investment trust’s stock, valued at approximately $314,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Addison Advisors LLC acquired a new position in shares of ORIX during the 2nd quarter worth approximately $29,000. EverSource Wealth Advisors LLC raised its position in ORIX by 44.7% during the first quarter. EverSource Wealth Advisors LLC now owns 453 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 140 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in ORIX by 573.9% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 465 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 396 shares during the last quarter. GAMMA Investing LLC grew its position in shares of ORIX by 27.7% in the 1st quarter. GAMMA Investing LLC now owns 840 shares of the real estate investment trust’s stock valued at $93,000 after acquiring an additional 182 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of ORIX by 135.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 842 shares of the real estate investment trust’s stock worth $93,000 after purchasing an additional 485 shares during the last quarter. Institutional investors and hedge funds own 1.73% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of ORIX from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th.

ORIX Stock Performance

Shares of NYSE IX opened at $118.43 on Wednesday. ORIX Co. has a 12 month low of $86.05 and a 12 month high of $125.84. The stock has a 50 day moving average of $117.81 and a 200-day moving average of $111.27. The company has a current ratio of 1.81, a quick ratio of 1.77 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $27.50 billion, a P/E ratio of 11.53, a P/E/G ratio of 1.02 and a beta of 0.91.

ORIX (NYSE:IX) last released its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $2.41 EPS for the quarter. The firm had revenue of $4.54 billion during the quarter. ORIX had a net margin of 13.01% and a return on equity of 9.29%. As a group, equities research analysts predict that ORIX Co. will post 11.23 EPS for the current year.

About ORIX

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.