Sequoia Financial Advisors LLC Grows Stock Holdings in Orix Corp Ads (NYSE:IX)

Sequoia Financial Advisors LLC raised its stake in Orix Corp Ads (NYSE:IX - Free Report) by 352.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,505 shares of the real estate investment trust's stock after buying an additional 15,969 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Orix Corp Ads were worth $428,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of IX. Bruce G. Allen Investments LLC boosted its stake in shares of Orix Corp Ads by 388.5% in the 1st quarter. Bruce G. Allen Investments LLC now owns 1,270 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 1,010 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Orix Corp Ads by 282.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the real estate investment trust's stock worth $136,000 after buying an additional 941 shares during the period. Aquatic Capital Management LLC increased its stake 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 period. Farther Finance Advisors LLC increased its stake in shares of Orix Corp Ads by 234.7% during the first quarter. Farther Finance Advisors LLC now owns 1,563 shares of the real estate investment trust's stock worth $33,000 after buying an additional 1,096 shares during the period. Finally, Gitterman Wealth Management LLC increased its stake in shares of Orix Corp Ads by 9.2% during the fourth quarter. Gitterman Wealth Management LLC now owns 1,927 shares of the real estate investment trust's stock worth $205,000 after buying an additional 162 shares during the period. Hedge funds and other institutional investors own 1.73% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Orix Corp Ads from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th.

Orix Corp Ads Stock Performance

Shares of Orix Corp Ads stock traded up $0.07 during trading on Friday, reaching $22.89. The company's stock had a trading volume of 94,250 shares, compared to its average volume of 178,335. The company has a 50-day moving average price of $21.09 and a two-hundred day moving average price of $20.81. Orix Corp Ads has a fifty-two week low of $17.75 and a fifty-two week high of $25.17. The firm has a market cap of $26.08 billion, a PE ratio of 11.34, a P/E/G ratio of 0.82 and a beta of 0.86. The company has a current ratio of 1.77, a quick ratio of 1.73 and a debt-to-equity ratio of 1.37.

Orix Corp Ads (NYSE:IX - Get Free Report) last released its quarterly earnings results 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). The company had revenue of $4.86 billion for the quarter, compared to analysts' expectations of $5.17 billion. Orix Corp Ads had a return on equity of 8.53% and a net margin of 12.24%. On average, analysts forecast that Orix Corp Ads will post 11.31 EPS for the current year.

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.