GAMMA Investing LLC Boosts Stock Position in ORIX Co. (NYSE:IX)

GAMMA Investing LLC raised its position in shares of ORIX Co. (NYSE:IX - Free Report) by 9,157.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 119,240 shares of the real estate investment trust's stock after purchasing an additional 117,952 shares during the period. GAMMA Investing LLC's holdings in ORIX were worth $2,491,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. Bank of America Corp DE raised its position in shares of ORIX by 1.3% in the 4th quarter. Bank of America Corp DE now owns 424,770 shares of the real estate investment trust's stock worth $45,123,000 after acquiring an additional 5,301 shares in the last quarter. Todd Asset Management LLC raised its position in shares of ORIX by 0.6% in the 4th quarter. Todd Asset Management LLC now owns 346,220 shares of the real estate investment trust's stock worth $36,779,000 after acquiring an additional 2,224 shares in the last quarter. Boston Common Asset Management LLC raised its position in shares of ORIX by 528.1% in the 1st quarter. Boston Common Asset Management LLC now owns 283,088 shares of the real estate investment trust's stock worth $5,914,000 after acquiring an additional 238,014 shares in the last quarter. Northern Trust Corp raised its position in shares of ORIX by 62.8% in the 4th quarter. Northern Trust Corp now owns 213,971 shares of the real estate investment trust's stock worth $22,730,000 after acquiring an additional 82,529 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its position in shares of ORIX by 7.2% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 211,780 shares of the real estate investment trust's stock worth $22,497,000 after acquiring an additional 14,140 shares in the last quarter. 1.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen raised ORIX from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th.

ORIX Stock Down 0.1%

NYSE:IX traded down $0.02 during mid-day trading on Monday, hitting $21.61. 182,286 shares of the company's stock traded hands, compared to its average volume of 171,481. The company has a fifty day moving average of $20.40 and a 200 day moving average of $20.83. ORIX Co. has a twelve month low of $17.75 and a twelve month high of $25.17. The company has a market capitalization of $24.63 billion, a P/E ratio of 1.88, a P/E/G ratio of 0.97 and a beta of 0.85. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.73 and a current ratio of 1.77.

ORIX (NYSE:IX - Get Free Report) last announced its earnings results on Monday, May 12th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.20). ORIX had a net margin of 13.66% and a return on equity of 9.73%. The business had revenue of $4.86 billion for the quarter, compared to analyst estimates of $5.17 billion. On average, analysts forecast that ORIX Co. will post 11.31 EPS for the current year.

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.