Envestnet Asset Management Inc. Acquires 121,090 Shares of Orix Corp Ads (NYSE:IX)

Envestnet Asset Management Inc. raised its holdings in Orix Corp Ads (NYSE:IX) by 446.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 148,222 shares of the real estate investment trust’s stock after acquiring an additional 121,090 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Orix Corp Ads were worth $3,096,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Bruce G. Allen Investments LLC grew its position in shares of Orix Corp Ads by 388.5% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,270 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 1,010 shares in the last quarter. Farther Finance Advisors LLC raised its holdings 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 valued at $33,000 after purchasing an additional 1,096 shares in the last quarter. Wayfinding Financial LLC bought a new stake in shares of Orix Corp Ads in the 1st quarter valued at about $34,000. Bessemer Group Inc. raised its holdings in shares of Orix Corp Ads by 3,582.3% in the 1st quarter. Bessemer Group Inc. now owns 2,283 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 2,221 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Orix Corp Ads by 343.2% in the 1st quarter. GAMMA Investing LLC now owns 5,708 shares of the real estate investment trust’s stock valued at $119,000 after purchasing an additional 4,420 shares in the last quarter. Institutional investors own 1.73% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Orix Corp Ads from a “hold” rating to a “buy” rating in a report on Tuesday, May 13th.

Orix Corp Ads Trading Down 0.5%

NYSE:IX opened at $23.08 on Monday. Orix Corp Ads has a one year low of $17.75 and a one year high of $25.17. The firm has a 50-day simple moving average of $21.82 and a 200-day simple moving average of $20.95. The firm has a market cap of $26.30 billion, a P/E ratio of 11.43, a P/E/G ratio of 0.83 and a beta of 0.86. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.73 and a current ratio of 1.77.

Orix Corp Ads (NYSE:IX) last issued its quarterly earnings data on Monday, May 12th. The real estate investment trust reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.20). Orix Corp Ads had a net margin of 12.24% and a return on equity of 8.53%. The company had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $5.17 billion. Equities analysts anticipate that Orix Corp Ads will post 11.31 EPS 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.