Renaissance Technologies LLC Takes $3.29 Million Position in Orix Corp Ads $IX

Key Points

• Renaissance Technologies initiated a position in Orix Corp Ads, purchasing 109,600 shares valued at approximately $3.29 million during the first quarter.
• Several institutional investors increased their holdings, including Morgan Stanley, Bank of America, Quantinno Capital Management, Eagle Global Advisors and Charles Schwab Investment Management; institutions collectively own 1.73% of the company.
• Analyst sentiment is mixed but centered on a “Hold” rating, while Orix reported quarterly EPS of $1.57 on $7.06 billion in revenue and is expected to post $4.59 in annual EPS.

Renaissance Technologies LLC bought a new stake in Orix Corp Ads (NYSE:IX - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 109,600 shares of the real estate investment trust's stock, valued at approximately $3,287,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morgan Stanley lifted its position in Orix Corp Ads by 1.5% during the 4th quarter. Morgan Stanley now owns 5,117,942 shares of the real estate investment trust's stock worth $149,546,000 after acquiring an additional 74,473 shares during the period. Bank of America Corp DE increased its holdings in shares of Orix Corp Ads by 0.9% in the third quarter. Bank of America Corp DE now owns 2,375,278 shares of the real estate investment trust's stock valued at $62,042,000 after purchasing an additional 21,330 shares during the period. Quantinno Capital Management LP increased its holdings in shares of Orix Corp Ads by 88.2% in the second quarter. Quantinno Capital Management LP now owns 481,327 shares of the real estate investment trust's stock valued at $10,839,000 after purchasing an additional 225,580 shares during the period. Eagle Global Advisors LLC increased its holdings in shares of Orix Corp Ads by 6.4% in the fourth quarter. Eagle Global Advisors LLC now owns 334,998 shares of the real estate investment trust's stock valued at $9,789,000 after purchasing an additional 20,088 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Orix Corp Ads by 29.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 284,170 shares of the real estate investment trust's stock worth $8,303,000 after purchasing an additional 65,067 shares during the last quarter. Hedge funds and other institutional investors own 1.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Weiss Ratings raised Orix Corp Ads from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, July 29th. Wall Street Zen lowered shares of Orix Corp Ads from a "buy" rating to a "hold" rating in a research report on Sunday, June 7th. Finally, Zacks Research cut shares of Orix Corp Ads from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of "Hold".

Orix Corp Ads Price Performance

NYSE:IX opened at $40.09 on Friday. The firm's fifty day moving average is $39.44 and its two-hundred day moving average is $35.20. The firm has a market cap of $44.51 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 0.86 and a beta of 0.88. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.73 and a current ratio of 1.77. Orix Corp Ads has a one year low of $24.19 and a one year high of $42.39.

Orix Corp Ads (NYSE:IX - Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The real estate investment trust reported $1.57 earnings per share for the quarter. The business had revenue of $7.06 billion during the quarter. Orix Corp Ads had a return on equity of 13.08% and a net margin of 18.02%. Research analysts expect that Orix Corp Ads will post 4.59 EPS for the current year.

Orix Corp Ads Profile

ORIX Corporation ADS NYSE: IX is the American depositary share listing of ORIX Corporation, a diversified financial services group headquartered in Tokyo, Japan. The company operates across multiple business lines that include leasing and lending, real estate, investment and asset management, and a range of retail and corporate financial services. ORIX's ADS program allows U.S. investors to access ownership in the Tokyo-based group through shares traded on the New York Stock Exchange.

Core activities include equipment leasing and installment financing for corporate customers, corporate lending and structured finance, and real estate development and property management.

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