Trexquant Investment LP Makes New Investment in Orix Corp Ads $IX

Trexquant Investment LP purchased a new position in shares of Orix Corp Ads (NYSE:IX - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,393 shares of the real estate investment trust's stock, valued at approximately $426,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its stake in Orix Corp Ads by 18.5% during the fourth quarter. BNP Paribas Financial Markets now owns 3,437 shares of the real estate investment trust's stock worth $365,000 after buying an additional 537 shares during the last quarter. Bruce G. Allen Investments LLC boosted its stake 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 valued at $27,000 after acquiring an additional 1,010 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Orix Corp Ads by 234.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,563 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 1,096 shares in the last quarter. Brooklyn Investment Group increased its holdings in shares of Orix Corp Ads by 132,800.0% in the 1st quarter. Brooklyn Investment Group now owns 1,329 shares of the real estate investment trust's stock worth $28,000 after buying an additional 1,328 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new position in shares of Orix Corp Ads during the 1st quarter valued at $34,000. Institutional investors own 1.73% of the company's stock.

Analysts Set New Price Targets

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

Orix Corp Ads Stock Performance

Shares of Orix Corp Ads stock traded down $0.15 during midday trading on Friday, hitting $26.84. The company had a trading volume of 64,870 shares, compared to its average volume of 126,851. Orix Corp Ads has a 12-month low of $17.75 and a 12-month high of $27.01. The company has a quick ratio of 1.72, a current ratio of 1.76 and a debt-to-equity ratio of 1.36. The stock has a market cap of $30.59 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 1.02 and a beta of 0.89. The company has a fifty day simple moving average of $24.47 and a 200 day simple moving average of $22.04.

Orix Corp Ads (NYSE:IX - Get Free Report) last posted its earnings results on Thursday, August 7th. The real estate investment trust reported $0.65 earnings per share for the quarter, beating 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 firm had revenue of $5.21 billion during the quarter, compared to analyst estimates of $4.96 billion. As a group, analysts predict 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.