Orix Corp Ads (NYSE:IX) Hits New 52-Week High - Here's What Happened

Key Points

• Orix Corp Ads' shares reached a new 52-week high at $27.16, reflecting significant trading activity with a volume of 146,885 shares.
• Analysts downgraded Orix Corp Ads from a "strong-buy" to a "buy" rating, indicating a shift in market confidence.
• The company reported strong earnings with $0.65 EPS for the quarter, surpassing estimates and achieving a net margin of 12.70% on revenues of $5.21 billion.

Orix Corp Ads (NYSE:IX - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $27.16 and last traded at $27.03, with a volume of 146885 shares changing hands. The stock had previously closed at $26.86.

Wall Street Analyst Weigh In

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

The business's fifty day moving average is $24.91 and its two-hundred day moving average is $22.26. 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 capitalization of $30.85 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 1.02 and a beta of 0.89.

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 analysts' consensus estimates 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, research analysts anticipate that Orix Corp Ads will post 11.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. boosted its stake in Orix Corp Ads by 3,582.3% during the first quarter. Bessemer Group Inc. now owns 2,283 shares of the real estate investment trust's stock worth $48,000 after buying an additional 2,221 shares during the period. Ascent Group LLC purchased a new position in Orix Corp Ads during the first quarter worth $263,000. Yousif Capital Management LLC boosted its stake in 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 during the period. GAMMA Investing LLC boosted its stake in 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 during the period. Finally, Two Sigma Investments LP purchased a new position in Orix Corp Ads during the fourth quarter worth $273,000. 1.73% of the stock is owned by hedge funds and other institutional investors.

Orix Corp Ads Company 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.