Systematic Alpha Investments LLC Increases Stake in Orix Corp Ads $IX

Key Points

• Systematic Alpha Investments LLC significantly increased its stake in Orix Corp Ads by 400.0%, acquiring an additional 19,848 shares and bringing its total to 24,810 shares valued at $518,000.
• Other institutional investors also made substantial increases, with Jones Financial Companies raising its stake by 8,083.8% and Millennium Management by 3,021.1% in the same quarter.
• Orix Corp Ads revised its earnings results for the quarter, reporting $0.65 EPS, which exceeded the consensus estimate of $0.54 by $0.11.

Systematic Alpha Investments LLC increased its stake in Orix Corp Ads (NYSE:IX - Free Report) by 400.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,810 shares of the real estate investment trust's stock after buying an additional 19,848 shares during the period. Systematic Alpha Investments LLC's holdings in Orix Corp Ads were worth $518,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of IX. Jones Financial Companies Lllp boosted its stake in Orix Corp Ads by 8,083.8% in the 1st quarter. Jones Financial Companies Lllp now owns 5,565 shares of the real estate investment trust's stock worth $116,000 after purchasing an additional 5,497 shares in the last quarter. Millennium Management LLC grew its stake in shares of Orix Corp Ads by 3,021.1% in the first quarter. Millennium Management LLC now owns 203,967 shares of the real estate investment trust's stock worth $4,261,000 after acquiring an additional 197,432 shares during the period. Curi RMB Capital LLC purchased a new position in shares of Orix Corp Ads in the first quarter worth approximately $1,103,000. AQR Capital Management LLC boosted its holdings in shares of Orix Corp Ads by 433.3% in the first quarter. AQR Capital Management LLC now owns 44,547 shares of the real estate investment trust's stock worth $931,000 after buying an additional 36,194 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Orix Corp Ads by 414.2% in the first quarter. Advisors Asset Management Inc. now owns 39,447 shares of the real estate investment trust's stock worth $824,000 after buying an additional 31,775 shares during the last quarter. 1.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Orix Corp Ads Price Performance

IX traded down $0.17 during trading hours on Friday, hitting $26.83. The company's stock had a trading volume of 29,770 shares, compared to its average volume of 210,684. The business's 50-day moving average price is $24.39 and its 200-day moving average price is $21.99. Orix Corp Ads has a 12 month low of $17.75 and a 12 month high of $27.01. The stock has a market cap of $30.57 billion, a price-to-earnings ratio of 12.27, a P/E/G ratio of 1.00 and a beta of 0.89. The company has a current ratio of 1.76, a quick ratio of 1.72 and a debt-to-equity ratio of 1.36.

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

About Orix Corp Ads

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.