Ritholtz Wealth Management Buys 65,783 Shares of Orix Corp Ads (NYSE:IX)

Ritholtz Wealth Management lifted its position in Orix Corp Ads (NYSE:IX - Free Report) by 372.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,424 shares of the real estate investment trust's stock after acquiring an additional 65,783 shares during the quarter. Ritholtz Wealth Management's holdings in Orix Corp Ads were worth $1,743,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bruce G. Allen Investments LLC increased its position in shares of 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 last quarter. Farther Finance Advisors LLC increased its holdings in Orix Corp Ads by 234.7% during the first quarter. Farther Finance Advisors LLC now owns 1,563 shares of the real estate investment trust's stock worth $33,000 after buying an additional 1,096 shares during the last quarter. GAMMA Investing LLC raised its position in Orix Corp Ads by 343.2% in the first quarter. GAMMA Investing LLC now owns 5,708 shares of the real estate investment trust's stock worth $119,000 after acquiring an additional 4,420 shares during the period. Smartleaf Asset Management LLC boosted its stake in Orix Corp Ads by 282.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the real estate investment trust's stock valued at $136,000 after acquiring an additional 941 shares during the last quarter. Finally, Aquatic Capital Management LLC grew 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 acquiring an additional 1,310 shares during the period. Hedge funds and other institutional investors own 1.73% of the company's stock.

Wall Street Analyst Weigh In

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

Orix Corp Ads Stock Performance

Shares of NYSE IX traded down $0.09 during trading on Friday, reaching $21.23. 111,163 shares of the stock traded hands, compared to its average volume of 172,869. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.77 and a quick ratio of 1.73. The stock has a market capitalization of $24.19 billion, a P/E ratio of 10.52, a price-to-earnings-growth ratio of 0.78 and a beta of 0.85. Orix Corp Ads has a 52-week low of $17.75 and a 52-week high of $25.17. The company has a 50-day moving average of $20.53 and a 200-day moving average of $20.82.

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). The business had revenue of $4.86 billion for the quarter, compared to analysts' expectations of $5.17 billion. Orix Corp Ads had a net margin of 12.24% and a return on equity of 8.53%. Analysts forecast that Orix Corp Ads will post 11.31 EPS for the current fiscal year.

About Orix Corp Ads

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.