Kathmere Capital Management LLC Increases Stock Position in Orix Corp Ads (NYSE:IX)

Kathmere Capital Management LLC increased its holdings in Orix Corp Ads (NYSE:IX - Free Report) by 437.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,855 shares of the real estate investment trust's stock after buying an additional 21,855 shares during the period. Kathmere Capital Management LLC's holdings in Orix Corp Ads were worth $561,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Ballentine Partners LLC boosted its position in Orix Corp Ads by 390.4% during the first quarter. Ballentine Partners LLC now owns 10,250 shares of the real estate investment trust's stock valued at $214,000 after buying an additional 8,160 shares during the period. Cromwell Holdings LLC increased its position in shares of Orix Corp Ads by 400.0% during the first quarter. Cromwell Holdings LLC now owns 3,050 shares of the real estate investment trust's stock valued at $64,000 after acquiring an additional 2,440 shares in the last quarter. Cerity Partners LLC increased its position in shares of Orix Corp Ads by 611.8% during the first quarter. Cerity Partners LLC now owns 132,802 shares of the real estate investment trust's stock valued at $2,774,000 after acquiring an additional 114,145 shares in the last quarter. Parr Mcknight Wealth Management Group LLC increased its position in shares of Orix Corp Ads by 392.5% during the first quarter. Parr Mcknight Wealth Management Group LLC now owns 67,287 shares of the real estate investment trust's stock valued at $1,406,000 after acquiring an additional 53,624 shares in the last quarter. Finally, Greenleaf Trust grew its position in Orix Corp Ads by 400.0% in the 1st quarter. Greenleaf Trust now owns 43,750 shares of the real estate investment trust's stock worth $914,000 after purchasing an additional 35,000 shares during the period. Hedge funds and other institutional investors own 1.73% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Orix Corp Ads from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th.

Orix Corp Ads Price Performance

IX stock traded down $0.03 during mid-day trading on Wednesday, hitting $22.29. The company had a trading volume of 154,376 shares, compared to its average volume of 179,533. The company has a 50-day moving average price of $21.42 and a 200 day moving average price of $20.87. Orix Corp Ads has a 12-month low of $17.75 and a 12-month high of $25.17. The company has a market capitalization of $25.40 billion, a price-to-earnings ratio of 11.05, a P/E/G ratio of 0.81 and a beta of 0.86. The company has a quick ratio of 1.73, a current ratio of 1.77 and a debt-to-equity ratio of 1.37.

Orix Corp Ads (NYSE:IX - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The real estate investment trust reported $0.46 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.20). Orix Corp Ads had a net margin of 12.24% and a return on equity of 8.53%. The company had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $5.17 billion. On average, research analysts anticipate that Orix Corp Ads will post 11.31 earnings per share for the current 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.