Townsquare Capital LLC Raises Holdings in Orix Corp Ads $IX

Townsquare Capital LLC increased its holdings in Orix Corp Ads (NYSE:IX - Free Report) by 371.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,617 shares of the real estate investment trust's stock after acquiring an additional 13,883 shares during the quarter. Townsquare Capital LLC's holdings in Orix Corp Ads were worth $368,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in IX. Bruce G. Allen Investments LLC raised its holdings in Orix Corp Ads by 388.5% in the first quarter. Bruce G. Allen Investments LLC now owns 1,270 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 1,010 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Orix Corp Ads by 234.7% in the 1st 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 last quarter. Wayfinding Financial LLC bought a new position in shares of Orix Corp Ads during the 1st quarter worth approximately $34,000. Brentview Investment Management LLC purchased a new stake in Orix Corp Ads during the first quarter valued at approximately $37,000. Finally, 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 in the last quarter. Hedge funds and other institutional investors own 1.73% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Orix Corp Ads from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th.

Orix Corp Ads Stock Performance

Shares of NYSE:IX traded down $0.26 during trading on Thursday, hitting $25.45. The stock had a trading volume of 101,243 shares, compared to its average volume of 219,466. The stock has a 50-day simple moving average of $23.02 and a two-hundred day simple moving average of $21.39. The stock has a market capitalization of $29.01 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 0.98 and a beta of 0.92. Orix Corp Ads has a 12-month low of $17.75 and a 12-month high of $26.15. The company has a quick ratio of 1.72, a current ratio of 1.76 and a debt-to-equity ratio of 1.36.

Orix Corp Ads (NYSE:IX - Get Free Report) last issued 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 the consensus estimate of $4.96 billion. On average, equities research analysts expect that Orix Corp Ads will post 11.31 earnings per share for the current fiscal year.

Orix Corp Ads 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.