Reliance Trust Co. of Delaware reduced its stake in shares of ORIX Co. (NYSE:IX) by 2.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,500 shares of the real estate investment trust’s stock after selling 203 shares during the quarter. Reliance Trust Co. of Delaware’s holdings in ORIX were worth $608,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently bought and sold shares of the company. Cornerstone Advisors Inc. lifted its position in ORIX by 50.7% during the third quarter. Cornerstone Advisors Inc. now owns 428 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 144 shares during the period. FNY Investment Advisers LLC acquired a new position in ORIX during the fourth quarter valued at $71,000. Advisors Asset Management Inc. lifted its position in ORIX by 60.2% during the fourth quarter. Advisors Asset Management Inc. now owns 1,195 shares of the real estate investment trust’s stock valued at $86,000 after purchasing an additional 449 shares during the period. Csenge Advisory Group acquired a new position in ORIX during the third quarter valued at $102,000. Finally, Zions Bancorporation acquired a new position in ORIX during the third quarter valued at $106,000. Institutional investors and hedge funds own 1.86% of the company’s stock.
NYSE IX opened at $74.92 on Thursday. ORIX Co. has a 1 year low of $67.00 and a 1 year high of $92.68. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.45 and a quick ratio of 1.42. The firm has a market cap of $19.90 billion, a P/E ratio of 68.11, a price-to-earnings-growth ratio of 0.90 and a beta of 1.08.
Separately, Zacks Investment Research upgraded shares of ORIX from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st.
TRADEMARK VIOLATION WARNING: This piece was posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this piece can be read at https://www.tickerreport.com/banking-finance/4133970/reliance-trust-co-of-delaware-lowers-stake-in-orix-co-ix.html.
ORIX Company Profile
ORIX Corporation provides diversified financial services primarily in Japan and the Americas. It operates through six segments: Corporate Financial Services, Maintenance Leasing, Real Estate, Investment and Operation, Retail, and Overseas Business. The Corporate Financial Services segment engages in lending, leasing, and fee businesses.
Recommended Story: What is net income?
Want to see what other hedge funds are holding IX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ORIX Co. (NYSE:IX).
Receive News & Ratings for ORIX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ORIX and related companies with MarketBeat.com's FREE daily email newsletter.