Kathmere Capital Management LLC Cuts Position in ORIX Co. (NYSE:IX)

Kathmere Capital Management LLC decreased its holdings in shares of ORIX Co. (NYSE:IX) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,000 shares of the real estate investment trust’s stock after selling 225 shares during the period. Kathmere Capital Management LLC’s holdings in ORIX were worth $531,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. International Assets Investment Management LLC bought a new position in ORIX during the 3rd quarter valued at approximately $4,256,000. Cerity Partners LLC increased its holdings in shares of ORIX by 47.0% during the third quarter. Cerity Partners LLC now owns 20,370 shares of the real estate investment trust’s stock valued at $2,364,000 after acquiring an additional 6,513 shares in the last quarter. MML Investors Services LLC raised its position in shares of ORIX by 12.1% in the 3rd quarter. MML Investors Services LLC now owns 3,298 shares of the real estate investment trust’s stock worth $383,000 after purchasing an additional 355 shares during the last quarter. World Investment Advisors LLC bought a new position in ORIX in the 3rd quarter worth about $2,600,000. Finally, Allspring Global Investments Holdings LLC grew its position in ORIX by 469.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 17,688 shares of the real estate investment trust’s stock valued at $2,053,000 after purchasing an additional 14,584 shares during the last quarter. 1.73% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, major shareholder Corp Orix sold 3,700,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $75.38, for a total transaction of $278,906,000.00. Following the sale, the insider now owns 2,976,077 shares of the company’s stock, valued at $224,336,684.26. This trade represents a 55.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.08% of the company’s stock.

ORIX Price Performance

Shares of NYSE IX opened at $102.83 on Thursday. The firm has a market cap of $23.88 billion, a P/E ratio of 8.86, a PEG ratio of 1.07 and a beta of 0.92. ORIX Co. has a twelve month low of $90.57 and a twelve month high of $125.84. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 1.38. The company has a 50 day moving average of $108.26 and a 200 day moving average of $112.86.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of ORIX from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th.

ORIX 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.