Orix Corp Ads (NYSE:IX) Stake Boosted by Callan Family Office LLC

Key Points

• Callan Family Office LLC has significantly increased its stake in Orix Corp Ads by 248.6%, now holding 28,885 shares valued at $603,000.
• Other hedge funds also boosted their holdings in Orix Corp Ads, with Bessemer Group Inc. leading the pack with a 3,582.3% increase and now owning 2,283 shares worth $48,000.
• Orix Corp Ads reported an impressive earnings per share (EPS) of $0.65, exceeding expectations of $0.54, along with a revenue of $5.21 billion in its latest quarterly earnings.

Callan Family Office LLC lifted its stake in shares of Orix Corp Ads (NYSE:IX - Free Report) by 248.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,885 shares of the real estate investment trust's stock after acquiring an additional 20,598 shares during the quarter. Callan Family Office LLC's holdings in Orix Corp Ads were worth $603,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in IX. Bessemer Group Inc. lifted its holdings in Orix Corp Ads by 3,582.3% during the first quarter. Bessemer Group Inc. now owns 2,283 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 2,221 shares in the last quarter. Yousif Capital Management LLC grew its holdings in Orix Corp Ads by 202.9% during the first quarter. Yousif Capital Management LLC now owns 11,300 shares of the real estate investment trust's stock worth $236,000 after purchasing an additional 7,570 shares during the period. GAMMA Investing LLC grew its holdings in Orix Corp Ads by 343.2% during the first quarter. GAMMA Investing LLC now owns 5,708 shares of the real estate investment trust's stock worth $119,000 after purchasing an additional 4,420 shares during the period. Two Sigma Investments LP bought a new position in Orix Corp Ads during the fourth quarter worth about $273,000. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Orix Corp Ads by 352.1% during the first quarter. Sequoia Financial Advisors LLC now owns 20,505 shares of the real estate investment trust's stock worth $428,000 after acquiring an additional 15,969 shares during the period. Institutional investors own 1.73% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Orix Corp Ads from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th.

Orix Corp Ads Stock Performance

Shares of NYSE:IX traded up $0.25 during midday trading on Friday, reaching $25.89. The company's stock had a trading volume of 108,320 shares, compared to its average volume of 204,086. The company has a quick ratio of 1.72, a current ratio of 1.76 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $29.51 billion, a PE ratio of 11.84, a P/E/G ratio of 0.97 and a beta of 0.92. Orix Corp Ads has a twelve month low of $17.75 and a twelve month high of $25.96. The stock has a fifty day moving average of $22.76 and a 200 day moving average of $21.29.

Orix Corp Ads (NYSE:IX - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.11. Orix Corp Ads had a net margin of 12.70% and a return on equity of 9.01%. The business had revenue of $5.21 billion during the quarter, compared to analysts' expectations of $4.96 billion. On average, equities analysts expect that Orix Corp Ads will post 11.31 EPS for the current fiscal year.

Orix Corp Ads 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.