Choreo LLC Increases Stock Position in Orix Corp Ads (NYSE:IX)

Key Points

• Choreo LLC significantly increased its holdings in Orix Corp Ads by 447.6% during the first quarter, acquiring an additional 13,147 shares to reach a total of 16,084 shares valued at approximately $336,000.
• Other institutional investors, including the Teachers Retirement System of Kentucky and Boston Common Asset Management LLC, also made substantial increases in their stakes in Orix Corp Ads, contributing to a growing interest from hedge funds.
• Despite some investor optimism, Orix Corp Ads reported a quarterly earnings miss, with earnings per share of $0.46, falling short of analysts' expectations of $0.66.

Choreo LLC grew its stake in shares of Orix Corp Ads (NYSE:IX - Free Report) by 447.6% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 16,084 shares of the real estate investment trust's stock after purchasing an additional 13,147 shares during the period. Choreo LLC's holdings in Orix Corp Ads were worth $336,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in shares of Orix Corp Ads during the 4th quarter valued at $312,000. American Century Companies Inc. raised its stake in shares of Orix Corp Ads by 1.3% during the 4th quarter. American Century Companies Inc. now owns 85,114 shares of the real estate investment trust's stock valued at $9,042,000 after purchasing an additional 1,064 shares during the period. Sei Investments Co. boosted its stake in Orix Corp Ads by 1.6% in the 4th quarter. Sei Investments Co. now owns 22,715 shares of the real estate investment trust's stock worth $2,413,000 after purchasing an additional 367 shares during the period. LPL Financial LLC grew its holdings in Orix Corp Ads by 48.7% during the 4th quarter. LPL Financial LLC now owns 2,648 shares of the real estate investment trust's stock valued at $281,000 after buying an additional 867 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Orix Corp Ads by 39.2% during the fourth quarter. JPMorgan Chase & Co. now owns 10,233 shares of the real estate investment trust's stock valued at $1,087,000 after buying an additional 2,880 shares during the period. 1.73% of the stock is owned by hedge funds and other institutional investors.

Orix Corp Ads Stock Up 1.4%

Shares of NYSE:IX traded up $0.32 during midday trading on Friday, reaching $22.87. The company's stock had a trading volume of 167,669 shares, compared to its average volume of 226,347. The firm has a 50 day moving average of $21.98 and a 200-day moving average of $21.01. The company has a quick ratio of 1.73, a current ratio of 1.77 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $26.06 billion, a P/E ratio of 11.33, a PEG ratio of 0.81 and a beta of 0.86. Orix Corp Ads has a 12-month low of $17.75 and a 12-month high of $25.17.

Orix Corp Ads (NYSE:IX - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The real estate investment trust reported $0.46 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.20). The firm had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $5.17 billion. Orix Corp Ads had a return on equity of 8.53% and a net margin of 12.24%. On average, research analysts anticipate that Orix Corp Ads will post 11.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Orix Corp Ads from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th.

Orix Corp Ads 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.