Teachers Retirement System of The State of Kentucky Raises Stock Position in Orix Corp Ads (NYSE:IX)

Teachers Retirement System of The State of Kentucky boosted its stake in shares of 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 firm owned 1,058,900 shares of the real estate investment trust's stock after purchasing an additional 847,120 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.09% of Orix Corp Ads worth $22,120,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IX. Bessemer Group Inc. grew its holdings in shares of Orix Corp Ads by 3,582.3% during the 1st quarter. Bessemer Group Inc. now owns 2,283 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 2,221 shares during the last quarter. Yousif Capital Management LLC increased its holdings in shares of Orix Corp Ads by 202.9% during the first quarter. Yousif Capital Management LLC now owns 11,300 shares of the real estate investment trust's stock worth $236,000 after buying an additional 7,570 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Orix Corp Ads by 343.2% during the first quarter. GAMMA Investing LLC now owns 5,708 shares of the real estate investment trust's stock worth $119,000 after buying an additional 4,420 shares in the last quarter. Two Sigma Investments LP acquired a new position in Orix Corp Ads in the 4th quarter valued at approximately $273,000. Finally, Sequoia Financial Advisors LLC increased its position in Orix Corp Ads by 352.1% in the 1st 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 owned by institutional investors.

Analyst Ratings Changes

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

Orix Corp Ads Stock Down 0.9%

Shares of NYSE:IX traded down $0.20 during midday trading on Thursday, hitting $23.28. 39,293 shares of the company's stock were exchanged, compared to its average volume of 223,068. Orix Corp Ads has a 12 month low of $17.75 and a 12 month high of $25.17. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.77 and a quick ratio of 1.73. The company has a market cap of $26.53 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 0.81 and a beta of 0.86. The stock has a 50 day moving average price of $21.72 and a 200-day moving average price of $20.93.

Orix Corp Ads (NYSE:IX - Get Free Report) last released its quarterly earnings data 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 business had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $5.17 billion. Orix Corp Ads had a return on equity of 8.53% and a net margin of 12.24%. On average, sell-side analysts anticipate that Orix Corp Ads will post 11.31 EPS 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.