Curi RMB Capital LLC Acquires Shares of 52,803 Orix Corp Ads $IX

Key Points

• Curi RMB Capital LLC has taken a new position in Orix Corp Ads, acquiring 52,803 shares valued at approximately $1.1 million during the first quarter.
• Multiple hedge funds increased their stakes in Orix Corp Ads significantly, with AQR Capital Management growing its holdings by 433.3% to own 44,547 shares worth $931,000.
• Orix Corp Ads reported earnings of $0.65 per share, exceeding estimates by $0.11, and had a revenue of $5.21 billion in the last quarter.

Curi RMB Capital LLC bought a new position in shares of Orix Corp Ads (NYSE:IX - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 52,803 shares of the real estate investment trust's stock, valued at approximately $1,103,000.

Several other institutional investors have also modified their holdings of the business. Bruce G. Allen Investments LLC increased its position in shares of Orix Corp Ads by 388.5% during the first quarter. Bruce G. Allen Investments LLC now owns 1,270 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 1,010 shares during the period. Brooklyn Investment Group grew its stake in Orix Corp Ads by 132,800.0% during the 1st quarter. Brooklyn Investment Group now owns 1,329 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 1,328 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Orix Corp Ads by 234.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,563 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 1,096 shares during the period. Wayfinding Financial LLC acquired a new stake in Orix Corp Ads in the 1st quarter valued at about $34,000. Finally, Brentview Investment Management LLC purchased a new position in shares of Orix Corp Ads in the 1st quarter valued at about $37,000. Institutional investors and hedge funds own 1.73% of the company's stock.

Orix Corp Ads Stock Up 1.2%

Shares of NYSE:IX traded up $0.33 on Thursday, hitting $26.99. 67,272 shares of the company's stock were exchanged, compared to its average volume of 130,336. Orix Corp Ads has a 1-year low of $17.75 and a 1-year high of $27.01. The company has a market capitalization of $30.76 billion, a PE ratio of 12.35, a P/E/G ratio of 1.00 and a beta of 0.89. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.72 and a current ratio of 1.76. The firm's 50-day moving average is $24.39 and its 200 day moving average is $21.99.

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Orix Corp Ads from a "strong-buy" rating to a "buy" rating in a research note on Friday, August 22nd.

About Orix Corp Ads

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.