ORIX Co. (NYSE:IX – Get Free Report) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 32,500 shares, an increase of 23.6% from the August 15th total of 26,300 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 25,000 shares, the days-to-cover ratio is currently 1.3 days.
Institutional Trading of ORIX
Several institutional investors and hedge funds have recently bought and sold shares of IX. Morgan Stanley increased its holdings in shares of ORIX by 2.2% in the 4th quarter. Morgan Stanley now owns 991,545 shares of the real estate investment trust’s stock valued at $79,839,000 after purchasing an additional 21,745 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of ORIX by 262.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 307,037 shares of the real estate investment trust’s stock valued at $4,852,000 after purchasing an additional 222,350 shares during the period. Todd Asset Management LLC increased its holdings in shares of ORIX by 19.0% in the 2nd quarter. Todd Asset Management LLC now owns 288,836 shares of the real estate investment trust’s stock valued at $26,345,000 after purchasing an additional 46,191 shares during the period. Teachers Retirement System of The State of Kentucky increased its holdings in shares of ORIX by 18.2% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 149,340 shares of the real estate investment trust’s stock valued at $13,621,000 after purchasing an additional 23,000 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of ORIX by 4.9% in the 2nd quarter. Northern Trust Corp now owns 129,652 shares of the real estate investment trust’s stock valued at $11,826,000 after purchasing an additional 6,007 shares during the period. Institutional investors and hedge funds own 1.73% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on ORIX in a report on Thursday, August 17th. They issued a “buy” rating for the company.
ORIX Trading Down 0.4 %
NYSE IX traded down $0.39 on Monday, hitting $99.28. 10,778 shares of the company were exchanged, compared to its average volume of 24,621. The company’s 50 day moving average price is $92.82 and its 200-day moving average price is $88.61. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.79 and a quick ratio of 1.76. The firm has a market capitalization of $23.47 billion, a P/E ratio of 11.71, a price-to-earnings-growth ratio of 0.50 and a beta of 0.88. ORIX has a twelve month low of $68.78 and a twelve month high of $100.71.
ORIX (NYSE:IX – Get Free Report) last posted its quarterly earnings data on Friday, August 4th. The real estate investment trust reported $1.96 earnings per share (EPS) for the quarter. The firm had revenue of $4.93 billion for the quarter. ORIX had a return on equity of 7.88% and a net margin of 10.18%. Analysts predict that ORIX will post 10.24 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.
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