Orix Corp Ads (NYSE:IX) Shares Acquired by Parr Mcknight Wealth Management Group LLC

Parr Mcknight Wealth Management Group LLC lifted its position in Orix Corp Ads (NYSE:IX - Free Report) by 392.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,287 shares of the real estate investment trust's stock after purchasing an additional 53,624 shares during the quarter. Parr Mcknight Wealth Management Group LLC's holdings in Orix Corp Ads were worth $1,406,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of IX. Bessemer Group Inc. boosted its stake in Orix Corp Ads by 3,582.3% during the first quarter. Bessemer Group Inc. now owns 2,283 shares of the real estate investment trust's stock worth $48,000 after buying an additional 2,221 shares during the period. Yousif Capital Management LLC boosted its stake in shares of Orix Corp Ads by 202.9% in the first quarter. Yousif Capital Management LLC now owns 11,300 shares of the real estate investment trust's stock valued at $236,000 after purchasing an additional 7,570 shares during the period. GAMMA Investing LLC boosted its stake in shares of 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 valued at $119,000 after purchasing an additional 4,420 shares during the period. Two Sigma Investments LP purchased a new position in shares of Orix Corp Ads in the fourth quarter valued at approximately $273,000. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Orix Corp Ads by 352.1% in the first quarter. Sequoia Financial Advisors LLC now owns 20,505 shares of the real estate investment trust's stock valued at $428,000 after purchasing an additional 15,969 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 raised shares of Orix Corp Ads from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th.

Orix Corp Ads Stock Down 0.2%

IX stock traded down $0.05 during midday trading on Friday, reaching $22.62. 111,182 shares of the company were exchanged, compared to its average volume of 178,798. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.73 and a current ratio of 1.77. Orix Corp Ads has a 1-year low of $17.75 and a 1-year high of $25.17. The stock's 50-day simple moving average is $21.33 and its 200 day simple moving average is $20.85. The company has a market cap of $25.77 billion, a price-to-earnings ratio of 11.21, a price-to-earnings-growth ratio of 0.81 and a beta of 0.86.

Orix Corp Ads (NYSE:IX - Get Free Report) last announced its earnings results on Monday, May 12th. The real estate investment trust reported $0.46 EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $4.86 billion during the quarter, compared to analyst estimates of $5.17 billion. On average, equities analysts forecast that Orix Corp Ads will post 11.31 earnings per share 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.