Orix Corp Ads (NYSE:IX) Shares Bought by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its stake in Orix Corp Ads by 341.6% during the first quarter, owning 175,847 shares valued at $3.67 million.
• Orix Corp Ads recently received an upgrade from a "hold" to a "buy" rating from Wall Street analysts, indicating a positive outlook for the stock.
• Despite a strong institutional investor interest, Orix Corp Ads reported earnings of $0.46 per share, which missed analysts' expectations by $0.20.

Natixis Advisors LLC grew its stake in Orix Corp Ads (NYSE:IX - Free Report) by 341.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 175,847 shares of the real estate investment trust's stock after purchasing an additional 136,023 shares during the quarter. Natixis Advisors LLC's holdings in Orix Corp Ads were worth $3,673,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Orix Corp Ads by 400.0% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 1,058,900 shares of the real estate investment trust's stock worth $22,120,000 after buying an additional 847,120 shares in the last quarter. Bank of America Corp DE grew its stake in Orix Corp Ads by 1.3% during the 4th quarter. Bank of America Corp DE now owns 424,770 shares of the real estate investment trust's stock valued at $45,123,000 after acquiring an additional 5,301 shares in the last quarter. Boston Common Asset Management LLC grew its stake in Orix Corp Ads by 528.1% during 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 in the last quarter. Henry James International Management Inc. raised its holdings in 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 last quarter. Finally, QRG Capital Management Inc. lifted its stake in Orix Corp Ads by 352.5% in the 1st quarter. QRG Capital Management Inc. now owns 247,085 shares of the real estate investment trust's stock worth $5,162,000 after purchasing an additional 192,478 shares in the last quarter. Hedge funds and other institutional investors own 1.73% of the company's stock.

Wall Street Analysts Forecast Growth

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

Orix Corp Ads Stock Up 1.8%

Shares of IX opened at $23.81 on Thursday. Orix Corp Ads has a 52-week low of $17.75 and a 52-week high of $25.17. The company has a quick ratio of 1.73, a current ratio of 1.77 and a debt-to-equity ratio of 1.37. The stock has a fifty day simple moving average of $22.18 and a two-hundred day simple moving average of $21.09. The company has a market capitalization of $27.14 billion, a PE ratio of 11.80, a price-to-earnings-growth ratio of 0.84 and a beta of 0.92.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.20). Orix Corp Ads had a return on equity of 8.53% and a net margin of 12.24%. The firm had revenue of $4.86 billion for the quarter, compared to analyst estimates of $5.17 billion. As a group, equities analysts forecast that Orix Corp Ads will post 11.31 EPS for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.