ORIX (NYSE:IX) Upgraded at StockNews.com

StockNews.com upgraded shares of ORIX (NYSE:IX) from a hold rating to a buy rating in a research note published on Tuesday.

ORIX Stock Up 0.5 %

IX opened at $108.32 on Tuesday. ORIX has a one year low of $88.28 and a one year high of $125.84. The company has a fifty day moving average price of $113.51 and a 200-day moving average price of $112.78. The firm has a market capitalization of $25.15 billion, a P/E ratio of 9.34, a price-to-earnings-growth ratio of 1.05 and a beta of 0.91. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.40 and a quick ratio of 1.77.

Hedge Funds Weigh In On ORIX

Hedge funds and other institutional investors have recently modified their holdings of the company. Addison Advisors LLC bought a new position in shares of ORIX during the second quarter valued at about $29,000. EverSource Wealth Advisors LLC raised its stake in shares of ORIX by 44.7% during the first quarter. EverSource Wealth Advisors LLC now owns 453 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 140 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of ORIX by 135.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 842 shares of the real estate investment trust’s stock valued at $93,000 after acquiring an additional 485 shares during the last quarter. CWM LLC raised its stake in shares of ORIX by 10.8% during the second quarter. CWM LLC now owns 956 shares of the real estate investment trust’s stock valued at $106,000 after acquiring an additional 93 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of ORIX by 26.2% during the second quarter. GAMMA Investing LLC now owns 1,060 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 220 shares during the period. 1.73% of the stock is owned by institutional investors.

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.