Zacks Investment Research Upgrades Orix Corp Ads (NYSE:IX) to Hold

Orix Corp Ads (NYSE:IX) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Friday, July 21st.

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. “

IX has been the topic of a number of other research reports. TheStreet upgraded Orix Corp Ads from a “c+” rating to a “b” rating in a research report on Thursday, June 8th. BidaskClub downgraded Orix Corp Ads from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th.

Orix Corp Ads (NYSE IX) traded down 0.08% during trading on Friday, hitting $82.73. The stock had a trading volume of 14,899 shares. The stock has a market capitalization of $21.16 billion, a P/E ratio of 8.32 and a beta of 1.43. The company has a 50-day moving average of $79.56 and a 200-day moving average of $77.97. Orix Corp Ads has a 52 week low of $68.43 and a 52 week high of $84.07.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Group LLC increased its position in Orix Corp Ads by 4.2% in the second quarter. Renaissance Group LLC now owns 193,063 shares of the real estate investment trust’s stock valued at $15,045,000 after buying an additional 7,827 shares in the last quarter. Duff & Phelps Investment Management Co. increased its position in Orix Corp Ads by 9.4% in the second quarter. Duff & Phelps Investment Management Co. now owns 87,386 shares of the real estate investment trust’s stock valued at $6,811,000 after buying an additional 7,507 shares in the last quarter. Johnston Asset Management LLC increased its position in Orix Corp Ads by 1.5% in the second quarter. Johnston Asset Management LLC now owns 317,536 shares of the real estate investment trust’s stock valued at $24,746,000 after buying an additional 4,600 shares in the last quarter. Synovus Financial Corp increased its position in Orix Corp Ads by 29.2% in the second quarter. Synovus Financial Corp now owns 15,118 shares of the real estate investment trust’s stock valued at $1,174,000 after buying an additional 3,416 shares in the last quarter. Finally, Greenleaf Trust increased its position in Orix Corp Ads by 83.4% in the second quarter. Greenleaf Trust now owns 7,050 shares of the real estate investment trust’s stock valued at $549,000 after buying an additional 3,205 shares in the last quarter. Hedge funds and other institutional investors own 1.97% of the company’s stock.

About Orix Corp Ads

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