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Rhumbline Advisers Acquires 32,548 Shares of Orix Corp Ads $IX

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Key Points

  • Rhumbline Advisers increased its holdings in Orix Corp Ads by 305.7%, purchasing 32,548 shares to own a total of 43,196 shares valued at approximately $902,000.
  • Several other hedge funds also reported significant increases in their positions, with Brooklyn Investment Group boosting its stake by 132,800% and now owning 1,329 shares.
  • Orix Corp Ads reported earnings of $0.65 per share for the most recent quarter, exceeding analyst expectations of $0.54, alongside revenues of $5.21 billion compared to $4.96 billion in estimates.
  • MarketBeat previews the top five stocks to own by November 1st.

Rhumbline Advisers grew its stake in shares of Orix Corp Ads (NYSE:IX - Free Report) by 305.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,196 shares of the real estate investment trust's stock after purchasing an additional 32,548 shares during the quarter. Rhumbline Advisers' holdings in Orix Corp Ads were worth $902,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in IX. Todd Asset Management LLC boosted its stake in shares of Orix Corp Ads by 399.1% during the first quarter. Todd Asset Management LLC now owns 1,727,984 shares of the real estate investment trust's stock valued at $36,098,000 after purchasing an additional 1,381,764 shares during the period. Northern Trust Corp boosted its stake in shares of Orix Corp Ads by 400.1% during the first quarter. Northern Trust Corp now owns 1,070,093 shares of the real estate investment trust's stock valued at $22,354,000 after purchasing an additional 856,122 shares during the period. Teachers Retirement System of The State of Kentucky boosted its stake 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 valued at $22,120,000 after purchasing an additional 847,120 shares during the period. American Century Companies Inc. lifted its stake in Orix Corp Ads by 449.1% in the first quarter. American Century Companies Inc. now owns 467,365 shares of the real estate investment trust's stock worth $9,763,000 after acquiring an additional 382,251 shares during the period. Finally, Eagle Global Advisors LLC lifted its stake in Orix Corp Ads by 392.5% in the first quarter. Eagle Global Advisors LLC now owns 397,500 shares of the real estate investment trust's stock worth $8,304,000 after acquiring an additional 316,796 shares during the period. Hedge funds and other institutional investors own 1.73% of the company's stock.

Orix Corp Ads Stock Down 0.2%

Orix Corp Ads stock traded down $0.06 on Tuesday, hitting $26.93. 83,236 shares of the stock traded hands, compared to its average volume of 207,379. The business's fifty day simple moving average is $25.00 and its 200 day simple moving average is $22.30. The company has a current ratio of 1.76, a quick ratio of 1.72 and a debt-to-equity ratio of 1.36. The firm has a market cap of $30.70 billion, a P/E ratio of 12.32, a price-to-earnings-growth ratio of 1.02 and a beta of 0.89. Orix Corp Ads has a 1 year low of $17.75 and a 1 year high of $27.21.

Orix Corp Ads (NYSE:IX - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.11. The firm had revenue of $5.21 billion during the quarter, compared to analyst estimates of $4.96 billion. Orix Corp Ads had a return on equity of 9.01% and a net margin of 12.70%. As a group, sell-side analysts forecast that Orix Corp Ads will post 11.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Orix Corp Ads from a "strong-buy" rating to a "buy" rating in a research note on Friday, August 22nd.

Check Out Our Latest Report on Orix Corp Ads

Orix Corp Ads Company Profile

(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.

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Institutional Ownership by Quarter for Orix Corp Ads (NYSE:IX)

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