American Century Companies Inc. Increases Stock Position in Orix Corp Ads $IX

Key Points

• American Century Companies Inc. increased its stake in Orix Corp Ads by 449.1%, acquiring an additional 382,251 shares in the first quarter, bringing its total holdings to 467,365 shares valued at approximately $9.76 million.
• Other institutional investors also significantly raised their positions, with Todd Asset Management LLC growing its stake by 399.1%, now owning 1,727,984 shares worth about $36.1 million.
• Orix Corp Ads recently reported earnings of $0.65 per share for the last quarter, exceeding analyst expectations and reflecting a net margin of 12.70%.

American Century Companies Inc. raised its position in Orix Corp Ads (NYSE:IX - Free Report) by 449.1% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 467,365 shares of the real estate investment trust's stock after acquiring an additional 382,251 shares during the period. American Century Companies Inc.'s holdings in Orix Corp Ads were worth $9,763,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Todd Asset Management LLC grew its position in shares of Orix Corp Ads by 399.1% in the 1st quarter. Todd Asset Management LLC now owns 1,727,984 shares of the real estate investment trust's stock valued at $36,098,000 after acquiring an additional 1,381,764 shares during the period. Teachers Retirement System of The State of Kentucky grew its position in shares of Orix Corp Ads by 400.0% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 1,058,900 shares of the real estate investment trust's stock valued at $22,120,000 after acquiring an additional 847,120 shares during the period. Eagle Global Advisors LLC grew its position in shares of Orix Corp Ads by 392.5% in the 1st quarter. Eagle Global Advisors LLC now owns 397,500 shares of the real estate investment trust's stock valued at $8,304,000 after acquiring an additional 316,796 shares during the period. Boston Common Asset Management LLC grew its position in shares of Orix Corp Ads by 528.1% in the 1st quarter. Boston Common Asset Management LLC now owns 283,088 shares of the real estate investment trust's stock valued at $5,914,000 after acquiring an additional 238,014 shares during the period. Finally, Henry James International Management Inc. grew its position in shares of Orix Corp Ads by 400.0% in the 1st quarter. Henry James International Management Inc. now owns 278,869 shares of the real estate investment trust's stock valued at $5,826,000 after acquiring an additional 223,096 shares during the period. 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 note on Friday, August 22nd.

Orix Corp Ads Price Performance

Shares of Orix Corp Ads stock traded down $0.27 during midday trading on Monday, hitting $25.88. 189,881 shares of the company traded hands, compared to its average volume of 149,464. The stock has a market cap of $29.50 billion, a price-to-earnings ratio of 11.84, a PEG 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's fifty day moving average price is $23.73 and its 200-day moving average price is $21.67. Orix Corp Ads has a 12 month low of $17.75 and a 12 month high of $26.25.

Orix Corp Ads (NYSE:IX - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $4.96 billion. As a group, sell-side analysts forecast 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.