HighTower Advisors LLC Purchases 32,742 Shares of 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 holdings in Orix Corp Ads (NYSE:IX - Free Report) by 335.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,512 shares of the real estate investment trust's stock after buying an additional 32,742 shares during the period. HighTower Advisors LLC's holdings in Orix Corp Ads were worth $888,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bruce G. Allen Investments LLC raised its position in shares of Orix Corp Ads by 388.5% in 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 buying an additional 1,010 shares in the last quarter. Aquatic Capital Management LLC raised its position in shares of Orix Corp Ads by 1,310.0% during 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. Farther Finance Advisors LLC raised its position 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. Wayfinding Financial LLC purchased a new stake in shares of Orix Corp Ads during the 1st quarter valued at $34,000. Finally, Brentview Investment Management LLC purchased a new stake in shares of Orix Corp Ads during the 1st quarter valued at $37,000. Hedge funds and other institutional investors own 1.73% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen cut 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 Trading Up 0.9%

NYSE:IX traded up $0.24 during trading hours on Tuesday, reaching $26.16. The company's stock had a trading volume of 108,246 shares, compared to its average volume of 138,559. The firm has a market capitalization of $29.81 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 0.98 and a beta of 0.89. The firm has a 50-day simple moving average of $23.82 and a 200-day simple moving average of $21.70. Orix Corp Ads has a 1 year low of $17.75 and a 1 year high of $26.25. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.72 and a current ratio of 1.76.

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

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.