Calamos Wealth Management LLC lessened its stake in Orix Corp Ads (NYSE:IX – Free Report) by 18.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 148,212 shares of the real estate investment trust’s stock after selling 33,710 shares during the quarter. Calamos Wealth Management LLC’s holdings in Orix Corp Ads were worth $5,589,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Livelsberger Financial Advisory acquired a new position in Orix Corp Ads in the 3rd quarter worth $27,000. Provenance Wealth Advisors LLC acquired a new stake in shares of Orix Corp Ads in the 3rd quarter valued at about $48,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Orix Corp Ads in the 2nd quarter valued at about $136,000. Farther Finance Advisors LLC raised its stake in shares of Orix Corp Ads by 13.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,437 shares of the real estate investment trust’s stock valued at $167,000 after purchasing an additional 543 shares during the period. Finally, 55 North Private Wealth LLC bought a new stake in shares of Orix Corp Ads in the second quarter valued at about $213,000. 1.73% of the stock is currently owned by institutional investors and hedge funds.
Orix Corp Ads Stock Down 2.9%
Shares of NYSE:IX traded down $1.04 during midday trading on Friday, hitting $34.80. The stock had a trading volume of 479,346 shares, compared to its average volume of 258,374. The company has a market cap of $38.64 billion, a P/E ratio of 9.61, a PEG ratio of 0.72 and a beta of 0.92. Orix Corp Ads has a 12 month low of $24.81 and a 12 month high of $42.39. The business’s 50-day simple moving average is $37.94 and its 200-day simple moving average is $36.18. The company has a quick ratio of 2.07, a current ratio of 2.15 and a debt-to-equity ratio of 1.20.
Orix Corp Ads (NYSE:IX – Get Free Report) last posted its quarterly earnings results on Tuesday, June 30th. The real estate investment trust reported $1.57 EPS for the quarter. The business had revenue of $7.06 billion during the quarter. Orix Corp Ads had a return on equity of 13.11% and a net margin of 18.02%. On average, sell-side analysts forecast that Orix Corp Ads will post 5.16 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research firms have recently weighed in on IX. Weiss Ratings raised Orix Corp Ads from a “hold (c+)” rating to a “buy (b)” rating in a research report on Wednesday, August 12th. Zacks Research cut Orix Corp Ads from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.
Check Out Our Latest Research Report on IX
About Orix Corp Ads
ORIX Corporation is a diversified financial services and investment company headquartered in Tokyo, Japan. Founded in 1964 as Orient Leasing, it initially focused on leasing and has since expanded into a broad range of financial and operating businesses.
The company provides leasing, lending, insurance, banking, and asset management services. Its activities also include real estate development and management, private equity and investment, aircraft leasing, and environmental and renewable energy projects.
ORIX serves customers and invests in businesses across Japan and international markets, including the Americas, Europe, the Middle East, and Asia-Pacific.
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