HighTower Advisors LLC Grows Holdings in Orix Corp Ads $IX

Key Points

• HighTower Advisors LLC significantly increased its holdings in Orix Corp Ads by 335.1% during the first quarter, acquiring an additional 32,742 shares, bringing their total to 42,512 shares valued at $888,000.
• Multiple institutional investors have also boosted their stakes in Orix Corp Ads, with notable increases including Bruce G. Allen Investments LLC at 388.5% and Aquatic Capital Management LLC at 1,310.0%.
• Orix Corp Ads recently reported a quarterly earnings per share of $0.65, exceeding estimates, and has analysts predicting an EPS of 11.31 for the current fiscal year.

HighTower Advisors LLC increased its position in Orix Corp Ads (NYSE:IX - Free Report) by 335.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,512 shares of the real estate investment trust's stock after buying an additional 32,742 shares during the quarter. HighTower Advisors LLC's holdings in Orix Corp Ads were worth $888,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Bruce G. Allen Investments LLC increased its position 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 valued at $27,000 after purchasing an additional 1,010 shares during the period. Farther Finance Advisors LLC boosted its stake 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 worth $33,000 after purchasing an additional 1,096 shares in the last quarter. Wayfinding Financial LLC bought a new position in Orix Corp Ads in the 1st quarter worth about $34,000. Brentview Investment Management LLC purchased a new position in Orix Corp Ads in the 1st quarter worth about $37,000. Finally, Bessemer Group Inc. raised 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 worth $48,000 after buying an additional 2,221 shares during the last quarter. 1.73% of the stock is owned by hedge funds and other institutional investors.

Orix Corp Ads Stock Performance

Shares of NYSE IX traded down $0.27 during midday trading on Monday, hitting $25.88. 189,881 shares of the company's stock traded hands, compared to its average volume of 149,464. Orix Corp Ads has a 1 year low of $17.75 and a 1 year high of $26.25. The stock has a market capitalization of $29.50 billion, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 0.98 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 has a fifty day moving average of $23.64 and a 200 day moving average of $21.63.

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

Wall Street Analysts Forecast Growth

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

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.