QRG Capital Management Inc. Has $5.16 Million Stock Holdings in Orix Corp Ads (NYSE:IX)

QRG Capital Management Inc. raised its stake in Orix Corp Ads (NYSE:IX - Free Report) by 352.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 247,085 shares of the real estate investment trust's stock after acquiring an additional 192,478 shares during the period. QRG Capital Management Inc.'s holdings in Orix Corp Ads were worth $5,162,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bruce G. Allen Investments LLC lifted its position in Orix Corp Ads by 388.5% in the first quarter. Bruce G. Allen Investments LLC now owns 1,270 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 1,010 shares during the period. Smartleaf Asset Management LLC boosted its holdings 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 worth $136,000 after purchasing an additional 941 shares in the last quarter. Aquatic Capital Management LLC lifted its holdings in shares of Orix Corp Ads by 1,310.0% during the fourth quarter. Aquatic Capital Management LLC now owns 1,410 shares of the real estate investment trust's stock worth $150,000 after buying an additional 1,310 shares during the last quarter. Farther Finance Advisors LLC lifted 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 valued at $33,000 after buying an additional 1,096 shares during the period. Finally, Gitterman Wealth Management LLC raised its position in Orix Corp Ads by 9.2% in the fourth quarter. Gitterman Wealth Management LLC now owns 1,927 shares of the real estate investment trust's stock worth $205,000 after purchasing an additional 162 shares in the last quarter. 1.73% of the stock is currently owned by institutional investors and hedge funds.

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 report on Tuesday, May 13th.

Orix Corp Ads Price Performance

Shares of NYSE IX traded down $0.11 during mid-day trading on Friday, hitting $21.20. 224,947 shares of the stock were exchanged, compared to its average volume of 173,954. The company has a market cap of $24.16 billion, a P/E ratio of 10.51, a PEG ratio of 0.77 and a beta of 0.85. The stock's fifty day simple moving average is $20.58 and its two-hundred day simple moving average is $20.79. 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 twelve month low of $17.75 and a twelve month high of $25.17.

Orix Corp Ads (NYSE:IX - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The real estate investment trust reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.20). The firm had revenue of $4.86 billion for the quarter, compared to analyst estimates of $5.17 billion. Orix Corp Ads had a return on equity of 8.53% and a net margin of 12.24%. As a group, 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.