Boston Common Asset Management LLC lifted its holdings in ORIX Co. (NYSE:IX - Free Report) by 528.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 283,088 shares of the real estate investment trust's stock after buying an additional 238,014 shares during the quarter. Boston Common Asset Management LLC's holdings in ORIX were worth $5,914,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parr Mcknight Wealth Management Group LLC purchased a new stake in ORIX in the fourth quarter worth $1,451,000. Vise Technologies Inc. bought a new position in shares of ORIX in the fourth quarter worth about $602,000. Two Sigma Investments LP bought a new position in shares of ORIX in the fourth quarter worth about $273,000. Quantinno Capital Management LP increased its stake in ORIX by 28.9% in the 4th quarter. Quantinno Capital Management LP now owns 45,376 shares of the real estate investment trust's stock worth $4,820,000 after buying an additional 10,176 shares during the period. Finally, Millennium Management LLC bought a new stake in ORIX during the 4th quarter valued at about $694,000. 1.73% of the stock is currently owned by hedge funds and other institutional investors.
ORIX Stock Down 0.2%
Shares of IX stock traded down $0.04 during mid-day trading on Monday, hitting $21.22. The stock had a trading volume of 171,876 shares, compared to its average volume of 233,099. ORIX Co. has a 12-month low of $17.75 and a 12-month high of $25.17. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.77 and a quick ratio of 1.73. The firm's 50-day moving average is $20.09 and its two-hundred day moving average is $20.85. The firm has a market capitalization of $24.18 billion, a P/E ratio of 1.85, a price-to-earnings-growth ratio of 0.97 and a beta of 0.88.
ORIX (NYSE:IX - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The real estate investment trust reported $0.46 earnings per share 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 firm had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $5.17 billion. On average, analysts predict that ORIX Co. will post 11.31 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised shares of ORIX from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th.
View Our Latest Stock Analysis on IX
About ORIX
(
Free Report)
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.
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