ORIX (IX) Rating Increased to Hold at Zacks Investment Research
ORIX (NYSE:IX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “ORIX CORP-ADR is a diversified financial services institution with diverse operations in both corporate and retail finance, including: leasing, lending, rentals, life insurance, real estate financing and development, venture capital, investment and retail banking, commodities funds and securities brokerage. Their international operations include leasing, rentals, fixed income investment, aircraft and ship financing, commercial mortgage servicing and property development. “
Separately, BidaskClub lowered shares of ORIX from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th.
Hedge funds have recently made changes to their positions in the stock. Zions Bancorporation increased its position in ORIX by 2,314.8% during the third quarter. Zions Bancorporation now owns 1,304 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 1,250 shares during the period. Sei Investments Co. increased its position in ORIX by 26.1% during the second quarter. Sei Investments Co. now owns 2,213 shares of the real estate investment trust’s stock worth $173,000 after acquiring an additional 458 shares during the period. River Road Asset Management LLC bought a new position in ORIX during the third quarter worth $235,000. Jane Street Group LLC bought a new position in ORIX during the third quarter worth $238,000. Finally, Eagle Asset Management Inc. increased its position in ORIX by 11.8% during the second quarter. Eagle Asset Management Inc. now owns 3,446 shares of the real estate investment trust’s stock worth $268,000 after acquiring an additional 365 shares during the period. 1.90% of the stock is currently owned by institutional investors and hedge funds.
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