Choreo LLC Acquires 13,147 Shares of 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 raised its stake in shares of Orix Corp Ads (NYSE:IX - Free Report) by 447.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,084 shares of the real estate investment trust's stock after buying 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 SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Teachers Retirement System of The State of Kentucky boosted its position in shares of Orix Corp Ads by 400.0% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 1,058,900 shares of the real estate investment trust's stock valued at $22,120,000 after purchasing an additional 847,120 shares in the last quarter. Boston Common Asset Management LLC boosted its position in shares of Orix Corp Ads by 528.1% during the 1st quarter. Boston Common Asset Management LLC now owns 283,088 shares of the real estate investment trust's stock valued at $5,914,000 after purchasing an additional 238,014 shares in the last quarter. Henry James International Management Inc. boosted its position in shares of Orix Corp Ads by 400.0% during the 1st quarter. Henry James International Management Inc. now owns 278,869 shares of the real estate investment trust's stock valued at $5,826,000 after purchasing an additional 223,096 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Orix Corp Ads by 482.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 240,475 shares of the real estate investment trust's stock valued at $5,009,000 after purchasing an additional 199,192 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its position in shares of Orix Corp Ads by 352.5% during the 1st quarter. QRG Capital Management Inc. now owns 247,085 shares of the real estate investment trust's stock valued at $5,162,000 after purchasing an additional 192,478 shares in the last quarter. Institutional investors and hedge funds own 1.73% of the company's stock.

Orix Corp Ads Trading Up 1.4%

Shares of IX traded up $0.32 during midday trading on Friday, hitting $22.87. The stock had a trading volume of 167,669 shares, compared to its average volume of 196,038. Orix Corp Ads has a fifty-two week low of $17.75 and a fifty-two week high of $25.17. The business has a 50-day simple moving average of $22.03 and a two-hundred day simple moving average of $21.03. The firm has a market cap of $26.07 billion, a P/E ratio of 11.33, a price-to-earnings-growth ratio of 0.81 and a beta of 0.86. The company has a current ratio of 1.77, a quick ratio of 1.73 and a debt-to-equity ratio of 1.37.

Orix Corp Ads (NYSE:IX - Get Free Report) last announced its earnings results 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). Orix Corp Ads had a return on equity of 8.53% and a net margin of 12.24%. The firm had revenue of $4.86 billion during the quarter, compared to analyst estimates of $5.17 billion. As a group, equities analysts forecast that Orix Corp Ads will post 11.31 EPS for the current year.

Analyst Ratings Changes

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

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.