Orix Corp Ads $IX Position Raised by RNC Capital Management LLC

Key Points

• RNC Capital Management LLC significantly increased its stake in Orix Corp Ads by 400.8%, acquiring an additional 10,220 shares during the first quarter, bringing its total holdings to 12,770 shares valued at approximately $267,000.
• Several other institutional investors have also raised their positions in Orix Corp Ads, with Northern Trust Corp increasing its stake by 62.8%, bringing its total to 213,971 shares worth about $22.73 million.
• Orix Corp Ads reported a quarterly earnings per share (EPS) of $0.65, exceeding analysts' expectations of $0.54, alongside a revenue performance of $5.21 billion against an estimated $4.96 billion.

RNC Capital Management LLC raised its stake in Orix Corp Ads (NYSE:IX - Free Report) by 400.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,770 shares of the real estate investment trust's stock after acquiring an additional 10,220 shares during the period. RNC Capital Management LLC's holdings in Orix Corp Ads were worth $267,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bessemer Group Inc. boosted its stake in Orix Corp Ads by 3,582.3% in the first quarter. Bessemer Group Inc. now owns 2,283 shares of the real estate investment trust's stock valued at $48,000 after acquiring an additional 2,221 shares during the period. Yousif Capital Management LLC boosted its stake in 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 acquiring an additional 7,570 shares during the period. GAMMA Investing LLC boosted its stake in 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 acquiring an additional 4,420 shares during the period. Two Sigma Investments LP acquired a new position in Orix Corp Ads in the fourth quarter valued at approximately $273,000. Finally, Sequoia Financial Advisors LLC boosted its stake in 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 acquiring an additional 15,969 shares during the period. 1.73% of the stock is currently owned by institutional investors and hedge funds.

Orix Corp Ads Stock Performance

Shares of NYSE IX traded down $0.15 during midday trading on Friday, hitting $26.84. 64,870 shares of the company's stock were exchanged, compared to its average volume of 124,679. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.76 and a quick ratio of 1.72. The stock's 50 day moving average price is $24.47 and its 200-day moving average price is $22.05. The firm has a market cap of $30.59 billion, a P/E ratio of 12.28, a PEG ratio of 1.01 and a beta of 0.89. Orix Corp Ads has a twelve month low of $17.75 and a twelve month high of $27.01.

Orix Corp Ads (NYSE:IX - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $4.96 billion. Orix Corp Ads had a return on equity of 9.01% and a net margin of 12.70%. Equities research analysts anticipate that Orix Corp Ads will post 11.31 EPS for the current year.

Wall Street Analyst Weigh In

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

Orix Corp Ads Company Profile

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.