QRG Capital Management Inc. raised its stake in shares of Orix Corp Ads (NYSE:IX - Free Report) by 352.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 247,085 shares of the real estate investment trust's stock after buying an additional 192,478 shares during the quarter. QRG Capital Management Inc.'s holdings in Orix Corp Ads were worth $5,162,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in IX. Allspring Global Investments Holdings LLC grew its holdings in Orix Corp Ads by 133.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 41,283 shares of the real estate investment trust's stock valued at $4,376,000 after buying an additional 23,595 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Orix Corp Ads by 2.3% during the 4th quarter. Bank of New York Mellon Corp now owns 21,181 shares of the real estate investment trust's stock valued at $2,250,000 after buying an additional 474 shares in the last quarter. Todd Asset Management LLC grew its holdings in Orix Corp Ads by 0.6% during the 4th quarter. Todd Asset Management LLC now owns 346,220 shares of the real estate investment trust's stock valued at $36,779,000 after buying an additional 2,224 shares in the last quarter. Henry James International Management Inc. grew its holdings in Orix Corp Ads by 2.2% during the 4th quarter. Henry James International Management Inc. now owns 55,773 shares of the real estate investment trust's stock valued at $5,925,000 after buying an additional 1,218 shares in the last quarter. Finally, US Bancorp DE grew its holdings in Orix Corp Ads by 28.9% during the 4th quarter. US Bancorp DE now owns 7,776 shares of the real estate investment trust's stock valued at $826,000 after buying an additional 1,742 shares in the last quarter. Hedge funds and other institutional investors own 1.73% of the company's stock.
Orix Corp Ads Stock Down 2.0%
Shares of NYSE IX opened at $21.16 on Wednesday. Orix Corp Ads has a 12 month low of $17.75 and a 12 month high of $25.17. The company has a current ratio of 1.77, a quick ratio of 1.73 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $24.12 billion, a price-to-earnings ratio of 10.49, a PEG ratio of 0.79 and a beta of 0.85. The business has a 50-day moving average of $20.44 and a 200-day moving average of $20.83.
Orix Corp Ads (NYSE:IX - Get Free Report) last issued 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). Orix Corp Ads had a return on equity of 8.53% and a net margin of 12.24%. The business had revenue of $4.86 billion for the quarter, compared to analysts' expectations of $5.17 billion. Sell-side analysts expect that Orix Corp Ads will post 11.31 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised Orix Corp Ads from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th.
Get Our Latest Research Report on IX
About Orix Corp Ads
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding IX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Orix Corp Ads (NYSE:IX - Free Report).
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