Cwm LLC Raises Stake in Orix Corp Ads (NYSE:IX)

Cwm LLC grew its position in Orix Corp Ads (NYSE:IX) by 347.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,953 shares of the real estate investment trust’s stock after purchasing an additional 3,069 shares during the quarter. Cwm LLC’s holdings in Orix Corp Ads were worth $83,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE raised its stake in Orix Corp Ads by 1.3% during the 4th quarter. Bank of America Corp DE now owns 424,770 shares of the real estate investment trust’s stock valued at $45,123,000 after purchasing an additional 5,301 shares during the period. Boston Common Asset Management LLC grew its holdings in Orix Corp Ads by 528.1% during the 1st quarter. Boston Common Asset Management LLC now owns 283,088 shares of the real estate investment trust’s stock valued at $5,914,000 after buying an additional 238,014 shares in the last quarter. Henry James International Management Inc. raised its position in shares of Orix Corp Ads by 400.0% during the first quarter. Henry James International Management Inc. now owns 278,869 shares of the real estate investment trust’s stock valued at $5,826,000 after buying an additional 223,096 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Orix Corp Ads by 352.5% in the first quarter. QRG Capital Management Inc. now owns 247,085 shares of the real estate investment trust’s stock worth $5,162,000 after buying an additional 192,478 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Orix Corp Ads by 482.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 240,475 shares of the real estate investment trust’s stock worth $5,009,000 after acquiring an additional 199,192 shares during the last quarter. 1.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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 Up 0.1%

Shares of IX stock opened at $22.55 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.73 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $25.69 billion, a price-to-earnings ratio of 11.17, a price-to-earnings-growth ratio of 0.81 and a beta of 0.86. Orix Corp Ads has a 12-month low of $17.75 and a 12-month high of $25.17. The stock’s 50-day moving average price is $21.98 and its 200-day moving average price is $21.01.

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