Campbell & CO Investment Adviser LLC Trims Stake in Orix Corp Ads $IX

Campbell & CO Investment Adviser LLC reduced its stake in Orix Corp Ads (NYSE:IX) by 42.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,566 shares of the real estate investment trust’s stock after selling 38,422 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Orix Corp Ads were worth $1,347,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of IX. Royal Bank of Canada boosted its position in shares of Orix Corp Ads by 336.1% during the first quarter. Royal Bank of Canada now owns 38,081 shares of the real estate investment trust’s stock worth $796,000 after acquiring an additional 29,349 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Orix Corp Ads by 433.3% during the 1st quarter. AQR Capital Management LLC now owns 44,547 shares of the real estate investment trust’s stock valued at $931,000 after purchasing an additional 36,194 shares during the last quarter. Millennium Management LLC boosted its holdings 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 purchasing an additional 197,432 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Orix Corp Ads by 8,083.8% during the first quarter. Jones Financial Companies Lllp now owns 5,565 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 5,497 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Orix Corp Ads by 568.7% in the first quarter. Goldman Sachs Group Inc. now owns 96,454 shares of the real estate investment trust’s stock worth $2,015,000 after purchasing an additional 82,030 shares during the last quarter. Institutional investors own 1.73% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Orix Corp Ads in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Orix Corp Ads has a consensus rating of “Buy”.

Orix Corp Ads Stock Performance

Orix Corp Ads stock opened at $30.68 on Friday. The company’s 50-day moving average price is $28.26 and its 200-day moving average price is $26.05. The company has a quick ratio of 1.77, a current ratio of 1.81 and a debt-to-equity ratio of 1.31. The company has a market cap of $34.97 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 0.94 and a beta of 0.73. Orix Corp Ads has a twelve month low of $17.75 and a twelve month high of $30.82.

Orix Corp Ads (NYSE:IX) last released its quarterly earnings results on Wednesday, November 12th. The real estate investment trust reported $0.99 EPS for the quarter, topping the consensus estimate of $0.57 by $0.42. Orix Corp Ads had a return on equity of 10.30% and a net margin of 14.53%.The company had revenue of $5.73 billion during the quarter, compared to analyst estimates of $4.87 billion. On average, equities research analysts forecast that Orix Corp Ads will post 11.31 EPS for the current fiscal 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.