BTC Capital Management Inc. trimmed its holdings in shares of Orix Corp Ads (NYSE:IX – Free Report) by 38.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 52,285 shares of the real estate investment trust’s stock after selling 32,531 shares during the quarter. BTC Capital Management Inc.’s holdings in Orix Corp Ads were worth $1,568,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of IX. Quantinno Capital Management LP boosted its stake in Orix Corp Ads by 88.2% in the second quarter. Quantinno Capital Management LP now owns 481,327 shares of the real estate investment trust’s stock valued at $10,839,000 after acquiring an additional 225,580 shares during the last quarter. Millennium Management LLC raised its position in shares of Orix Corp Ads by 3,021.1% during the 1st quarter. Millennium Management LLC now owns 203,967 shares of the real estate investment trust’s stock valued at $4,261,000 after acquiring an additional 197,432 shares during the last quarter. Calamos Wealth Management LLC bought a new stake in shares of Orix Corp Ads during the 4th quarter valued at $4,103,000. Bank of America Corp DE lifted its stake in shares of Orix Corp Ads by 4.4% in the 2nd quarter. Bank of America Corp DE now owns 2,353,948 shares of the real estate investment trust’s stock valued at $53,011,000 after purchasing an additional 99,516 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of Orix Corp Ads by 17.6% in the 3rd quarter. American Century Companies Inc. now owns 639,305 shares of the real estate investment trust’s stock valued at $16,699,000 after purchasing an additional 95,796 shares during the period. 1.73% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. Wall Street Zen cut Orix Corp Ads from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Weiss Ratings downgraded Orix Corp Ads from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.
Orix Corp Ads Price Performance
IX opened at $38.37 on Thursday. The company has a quick ratio of 1.71, a current ratio of 1.77 and a debt-to-equity ratio of 1.30. Orix Corp Ads has a 12 month low of $21.28 and a 12 month high of $40.63. The company has a fifty day simple moving average of $36.43 and a 200 day simple moving average of $32.93. The stock has a market cap of $42.59 billion, a P/E ratio of 14.37, a P/E/G ratio of 1.31 and a beta of 0.88.
Orix Corp Ads (NYSE:IX – Get Free Report) last posted its earnings results on Tuesday, March 31st. The real estate investment trust reported $1.64 earnings per share for the quarter. The firm had revenue of $6.03 billion for the quarter. Orix Corp Ads had a return on equity of 9.93% and a net margin of 13.55%. On average, research analysts expect that Orix Corp Ads will post 2.96 EPS for the current year.
About Orix Corp Ads
ORIX Corporation ADS (NYSE: IX) is the American depositary share listing of ORIX Corporation, a diversified financial services group headquartered in Tokyo, Japan. The company operates across multiple business lines that include leasing and lending, real estate, investment and asset management, and a range of retail and corporate financial services. ORIX’s ADS program allows U.S. investors to access ownership in the Tokyo-based group through shares traded on the New York Stock Exchange.
Core activities include equipment leasing and installment financing for corporate customers, corporate lending and structured finance, and real estate development and property management.
See Also
- Five stocks we like better than Orix Corp Ads
- Why KB Home Could Reward Patient Investors Later
- Meta’s Internal Turmoil: Morale Nears 20-Year Low at the Wrong Time
- Tesla’s New NHTSA Probe Lands at the Worst Possible Time
- Nano Nuclear’s AI Data Center Deal Puts the Stock Back in Focus
Want to see what other hedge funds are holding IX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Orix Corp Ads (NYSE:IX – Free Report).
Receive News & Ratings for Orix Corp Ads Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orix Corp Ads and related companies with MarketBeat.com's FREE daily email newsletter.
