RNC Capital Management LLC Trims Holdings in ORIX Co. (NYSE:IX)

RNC Capital Management LLC reduced its holdings in shares of ORIX Co. (NYSE:IX – Get Rating) by 22.2% in the fourth quarter, HoldingsChannel reports. The fund owned 2,495 shares of the real estate investment trust’s stock after selling 710 shares during the period. RNC Capital Management LLC’s holdings in ORIX were worth $201,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Ronald Blue Trust Inc. increased its stake in shares of ORIX by 158.3% during the third quarter. Ronald Blue Trust Inc. now owns 310 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 190 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of ORIX by 39.7% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 616 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 175 shares during the last quarter. Tower Research Capital LLC TRC increased its position in ORIX by 57.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 663 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 242 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in ORIX during the first quarter valued at $60,000. Finally, Heritage Wealth Management LLC bought a new stake in ORIX in the second quarter worth $79,000. Institutional investors own 1.95% of the company’s stock.

Analysts Set New Price Targets

IX has been the subject of several analyst reports. StockNews.com began coverage on ORIX in a report on Thursday. They set a “hold” rating for the company. TheStreet upgraded shares of ORIX from a “c” rating to a “b-” rating in a research note on Monday, February 6th.

ORIX Price Performance

Shares of IX opened at $80.15 on Friday. The company has a market capitalization of $18.95 billion, a P/E ratio of 7.90, a price-to-earnings-growth ratio of 0.46 and a beta of 0.86. ORIX Co. has a twelve month low of $68.78 and a twelve month high of $102.68. The company has a quick ratio of 1.71, a current ratio of 1.73 and a debt-to-equity ratio of 1.42. The firm has a 50 day moving average of $86.79 and a 200 day moving average of $80.26.

About ORIX

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ORIX Corp. engages in the provision of leasing and corporate financial services. It operates through the following segments: Corporate Financial Services, Maintenance Leasing, Real Estate, Investment and Operation, Retail, and Overseas Business. The Corporate Financial Services segment offers leasing and loans to small and medium-sized enterprises.