Orix Corp Ads (NYSE:IX) Shares Purchased by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management Inc. significantly increased its stake in Orix Corp Ads by acquiring 121,090 shares, raising its total holdings by 446.3% to 148,222 shares, valued at approximately $3.1 million.
• Bessemer Group Inc. and other hedge funds also boosted their holdings, with Bessemer increasing its position by an astonishing 3,582.3%, now owning 2,283 shares valued at $48,000.
• Recently, Wall Street Zen upgraded Orix Corp Ads from a "hold" rating to a "buy" rating, indicating increasing analyst confidence in the stock.

Envestnet Asset Management Inc. increased its holdings in Orix Corp Ads (NYSE:IX - Free Report) by 446.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 148,222 shares of the real estate investment trust's stock after buying an additional 121,090 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Orix Corp Ads were worth $3,096,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of IX. Bruce G. Allen Investments LLC boosted its stake in Orix Corp Ads by 388.5% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,270 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 1,010 shares during the last quarter. Farther Finance Advisors LLC grew its position in Orix Corp Ads by 234.7% in 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 acquiring an additional 1,096 shares in the last quarter. Wayfinding Financial LLC acquired a new position in Orix Corp Ads in the 1st quarter valued at about $34,000. Bessemer Group Inc. grew its position in Orix Corp Ads by 3,582.3% in the 1st quarter. Bessemer Group Inc. now owns 2,283 shares of the real estate investment trust's stock valued at $48,000 after acquiring an additional 2,221 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of 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 buying an additional 4,420 shares in the last quarter. Institutional investors and hedge funds own 1.73% of the company's stock.

Analyst Upgrades and Downgrades

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

Orix Corp Ads Stock Performance

Shares of Orix Corp Ads stock traded up $0.04 during trading hours on Thursday, hitting $22.56. 536,466 shares of the company were exchanged, compared to its average volume of 225,799. Orix Corp Ads has a 1 year low of $17.75 and a 1 year high of $25.17. The company has a current ratio of 1.77, a quick ratio of 1.73 and a debt-to-equity ratio of 1.37. The business has a 50-day moving average of $21.94 and a 200-day moving average of $20.99. The stock has a market capitalization of $25.71 billion, a price-to-earnings ratio of 11.17, a P/E/G ratio of 0.80 and a beta of 0.86.

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

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.