Lester Murray Antman dba SimplyRich Increases Holdings in Orix Corp Ads $IX

Key Points

• Lester Murray Antman dba SimplyRich increased its holdings in Orix Corp Ads by 45.1% in Q2, owning 45,636 shares valued at approximately $1,027,000.
• Orix Corp Ads reported Q2 earnings of $0.65 per share, surpassing analyst estimates of $0.54, with revenues of $5.21 billion compared to expectations of $4.96 billion.
• Wall Street analysts have downgraded their consensus rating for Orix Corp Ads to a "Hold", with a notable reduction from a previous "strong-buy" rating.

Lester Murray Antman dba SimplyRich lifted its position in Orix Corp Ads (NYSE:IX - Free Report) by 45.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,636 shares of the real estate investment trust's stock after purchasing an additional 14,188 shares during the quarter. Lester Murray Antman dba SimplyRich's holdings in Orix Corp Ads were worth $1,027,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of IX. Brooklyn Investment Group raised its stake in shares of Orix Corp Ads by 132,800.0% in the first quarter. Brooklyn Investment Group now owns 1,329 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 1,328 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Orix Corp Ads by 234.7% in the first 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 during the last quarter. Wayfinding Financial LLC acquired a new stake in Orix Corp Ads during the first quarter worth about $34,000. Brentview Investment Management LLC acquired a new stake in Orix Corp Ads during the first quarter worth about $37,000. Finally, Geneos Wealth Management Inc. grew its holdings in Orix Corp Ads by 4,325.5% during the first quarter. Geneos Wealth Management Inc. now owns 2,080 shares of the real estate investment trust's stock worth $43,000 after acquiring an additional 2,033 shares during the period. 1.73% of the stock is currently owned by hedge funds and other institutional investors.

Orix Corp Ads Stock Down 2.7%

Shares of IX opened at $24.41 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.72 and a debt-to-equity ratio of 1.36. Orix Corp Ads has a 12 month low of $17.75 and a 12 month high of $27.21. The stock's 50 day moving average is $25.91 and its two-hundred day moving average is $22.73. The firm has a market cap of $27.82 billion, a P/E ratio of 11.17, a PEG ratio of 0.94 and a beta of 0.90.

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

Wall Street Analyst Weigh In

Several analysts recently commented on IX shares. Wall Street Zen lowered Orix Corp Ads from a "strong-buy" rating to a "buy" rating in a report on Friday, August 22nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Orix Corp Ads in a report on Wednesday. One analyst has rated the stock with a Hold rating, According to MarketBeat, Orix Corp Ads presently has an average rating of "Hold".

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.

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