Orix Corp Ads $IX Position Cut by GAMMA Investing LLC

GAMMA Investing LLC reduced its position in shares of Orix Corp Ads (NYSE:IX) by 8.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,243 shares of the real estate investment trust’s stock after selling 465 shares during the quarter. GAMMA Investing LLC’s holdings in Orix Corp Ads were worth $118,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its stake in Orix Corp Ads by 3,582.3% during 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. Ascent Group LLC bought a new position in Orix Corp Ads during the 1st quarter valued at $263,000. Yousif Capital Management LLC boosted its stake in Orix Corp Ads by 202.9% during the 1st quarter. Yousif Capital Management LLC now owns 11,300 shares of the real estate investment trust’s stock valued at $236,000 after purchasing an additional 7,570 shares in the last quarter. Two Sigma Investments LP bought a new position in Orix Corp Ads during the 4th quarter valued at $273,000. Finally, Sequoia Financial Advisors LLC boosted its stake in Orix Corp Ads by 352.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 20,505 shares of the real estate investment trust’s stock valued at $428,000 after purchasing an additional 15,969 shares in the last quarter. 1.73% of the stock is owned by institutional investors.

Orix Corp Ads Stock Down 1.6%

NYSE:IX opened at $26.12 on Wednesday. The firm has a market capitalization of $29.77 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 1.00 and a beta of 0.89. Orix Corp Ads has a 1-year low of $17.75 and a 1-year high of $27.21. The company has a current ratio of 1.76, a quick ratio of 1.72 and a debt-to-equity ratio of 1.36. The business’s fifty day moving average price is $25.49 and its 200 day moving average price is $22.53.

Orix Corp Ads (NYSE:IX) last posted its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.11. The firm had revenue of $5.21 billion for the quarter, compared to analyst estimates of $4.96 billion. Orix Corp Ads had a return on equity of 9.01% and a net margin of 12.70%. On average, sell-side analysts forecast that Orix Corp Ads will post 11.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Orix Corp Ads from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 22nd.

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.