Elevation Point Wealth Partners LLC Boosts Stake in Orix Corp Ads (NYSE:IX)

Elevation Point Wealth Partners LLC grew its stake in shares of Orix Corp Ads (NYSE:IX - Free Report) by 426.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,025 shares of the real estate investment trust's stock after acquiring an additional 18,650 shares during the period. Elevation Point Wealth Partners LLC's holdings in Orix Corp Ads were worth $481,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Bruce G. Allen Investments LLC lifted its holdings in 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 valued at $27,000 after purchasing an additional 1,010 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of 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 valued at $33,000 after buying an additional 1,096 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Orix Corp Ads by 343.2% in the 1st quarter. GAMMA Investing LLC now owns 5,708 shares of the real estate investment trust's stock worth $119,000 after buying an additional 4,420 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Orix Corp Ads by 282.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the real estate investment trust's stock worth $136,000 after buying an additional 941 shares during the period. Finally, Aquatic Capital Management LLC grew its stake in Orix Corp Ads by 1,310.0% in the 4th quarter. Aquatic Capital Management LLC now owns 1,410 shares of the real estate investment trust's stock valued at $150,000 after buying an additional 1,310 shares in the last quarter. Hedge funds and other institutional investors own 1.73% of the company's stock.

Orix Corp Ads Price Performance

NYSE IX traded up $0.11 during trading hours on Thursday, hitting $21.30. The company had a trading volume of 239,270 shares, compared to its average volume of 172,948. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.73 and a current ratio of 1.77. The firm has a market capitalization of $24.28 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 0.77 and a beta of 0.85. Orix Corp Ads has a 52 week low of $17.75 and a 52 week high of $25.17. The firm has a 50 day simple moving average of $20.47 and a 200 day simple moving average of $20.83.

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

Analyst Ratings Changes

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

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.