Systematic Alpha Investments LLC Increases Position 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 boosted its position in shares of Orix Corp Ads (NYSE:IX - Free Report) by 400.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 quarter.

A number of other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of Orix Corp Ads during the fourth quarter worth $312,000. Northern Trust Corp boosted its position in Orix Corp Ads by 62.8% during the fourth quarter. Northern Trust Corp now owns 213,971 shares of the real estate investment trust's stock worth $22,730,000 after acquiring an additional 82,529 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Orix Corp Ads by 18.5% during the 4th quarter. BNP Paribas Financial Markets now owns 3,437 shares of the real estate investment trust's stock valued at $365,000 after acquiring an additional 537 shares in the last quarter. Bank of America Corp DE raised its holdings in Orix Corp Ads by 1.3% in the 4th quarter. Bank of America Corp DE now owns 424,770 shares of the real estate investment trust's stock valued at $45,123,000 after acquiring an additional 5,301 shares during the last quarter. Finally, Citadel Advisors LLC lifted its stake in Orix Corp Ads by 59.4% in the 4th quarter. Citadel Advisors LLC now owns 6,612 shares of the real estate investment trust's stock worth $702,000 after purchasing an additional 2,463 shares in the last quarter. Institutional investors and hedge funds own 1.73% of the company's stock.

Orix Corp Ads Trading Up 0.8%

Orix Corp Ads stock traded up $0.20 during mid-day trading on Wednesday, hitting $26.64. The company's stock had a trading volume of 66,882 shares, compared to its average volume of 127,189. The stock's fifty day moving average is $24.24 and its two-hundred day moving average is $21.91. 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 capitalization of $30.36 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 0.99 and a beta of 0.89. Orix Corp Ads has a 1 year low of $17.75 and a 1 year high of $26.73.

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 EPS for the quarter, beating the consensus estimate of $0.54 by $0.11. The business had revenue of $5.21 billion for 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%. On average, analysts anticipate that Orix Corp Ads will post 11.31 EPS for the current year.

Wall Street Analyst Weigh In

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

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.