Calamos Wealth Management LLC Buys Shares of 140,402 Orix Corp Ads $IX

Calamos Wealth Management LLC bought a new stake in Orix Corp Ads (NYSE:IX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 140,402 shares of the real estate investment trust's stock, valued at approximately $4,103,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. HB Wealth Management LLC grew its position in Orix Corp Ads by 16.9% in the fourth quarter. HB Wealth Management LLC now owns 13,163 shares of the real estate investment trust's stock valued at $385,000 after acquiring an additional 1,900 shares during the last quarter. Eagle Global Advisors LLC grew its holdings in shares of Orix Corp Ads by 6.4% during the fourth quarter. Eagle Global Advisors LLC now owns 334,998 shares of the real estate investment trust's stock worth $9,789,000 after purchasing an additional 20,088 shares during the last quarter. Optas LLC grew its holdings in shares of Orix Corp Ads by 13.9% during the fourth quarter. Optas LLC now owns 12,894 shares of the real estate investment trust's stock worth $377,000 after purchasing an additional 1,570 shares during the last quarter. Evergreen Capital Management LLC grew its holdings in shares of Orix Corp Ads by 9.7% during the fourth quarter. Evergreen Capital Management LLC now owns 16,494 shares of the real estate investment trust's stock worth $482,000 after purchasing an additional 1,456 shares during the last quarter. Finally, PDS Planning Inc grew its holdings in shares of Orix Corp Ads by 14.1% during the fourth quarter. PDS Planning Inc now owns 12,876 shares of the real estate investment trust's stock worth $376,000 after purchasing an additional 1,589 shares during the last quarter. Institutional investors own 1.73% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on IX shares. Weiss Ratings restated a "buy (b-)" rating on shares of Orix Corp Ads in a report on Monday, December 29th. Wall Street Zen cut Orix Corp Ads from a "buy" rating to a "hold" rating in a report on Saturday, February 7th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Orix Corp Ads currently has a consensus rating of "Buy".

Orix Corp Ads Stock Performance

NYSE:IX opened at $30.40 on Friday. The stock's 50-day moving average is $31.75 and its 200-day moving average is $29.41. Orix Corp Ads has a 1-year low of $19.79 and a 1-year high of $37.04. The stock has a market cap of $33.74 billion, a P/E ratio of 10.89, a price-to-earnings-growth ratio of 0.70 and a beta of 0.79. The company has a current ratio of 1.82, a quick ratio of 1.77 and a debt-to-equity ratio of 1.29.

Orix Corp Ads (NYSE:IX - Get Free Report) last announced its earnings results on Monday, February 9th. The real estate investment trust reported $0.69 EPS for the quarter, beating the consensus estimate of $0.51 by $0.18. Orix Corp Ads had a return on equity of 10.69% and a net margin of 15.04%.The business had revenue of $5.72 billion for the quarter, compared to analysts' expectations of $4.38 billion. Equities research analysts anticipate that Orix Corp Ads will post 2.58 earnings per share for the current year.

Orix Corp Ads Profile

ORIX Corporation ADS NYSE: IX is the American depositary share listing of ORIX Corporation, a diversified financial services group headquartered in Tokyo, Japan. The company operates across multiple business lines that include leasing and lending, real estate, investment and asset management, and a range of retail and corporate financial services. ORIX's ADS program allows U.S. investors to access ownership in the Tokyo-based group through shares traded on the New York Stock Exchange.

Core activities include equipment leasing and installment financing for corporate customers, corporate lending and structured finance, and real estate development and property management.

Want to see what other hedge funds are holding IX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Orix Corp Ads (NYSE:IX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.