Checchi Capital Advisers LLC Sells 1,523 Shares of Orix Corp Ads $IX

Checchi Capital Advisers LLC lessened its stake in shares of Orix Corp Ads (NYSE:IX) by 11.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,082 shares of the real estate investment trust’s stock after selling 1,523 shares during the period. Checchi Capital Advisers LLC’s holdings in Orix Corp Ads were worth $272,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of IX. Todd Asset Management LLC raised its stake in shares of Orix Corp Ads by 399.1% during the first quarter. Todd Asset Management LLC now owns 1,727,984 shares of the real estate investment trust’s stock valued at $36,098,000 after acquiring an additional 1,381,764 shares in the last quarter. Northern Trust Corp raised its stake in shares of Orix Corp Ads by 400.1% during the first quarter. Northern Trust Corp now owns 1,070,093 shares of the real estate investment trust’s stock valued at $22,354,000 after acquiring an additional 856,122 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in shares of Orix Corp Ads by 400.0% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 1,058,900 shares of the real estate investment trust’s stock valued at $22,120,000 after acquiring an additional 847,120 shares in the last quarter. American Century Companies Inc. increased its holdings in Orix Corp Ads by 449.1% during the first quarter. American Century Companies Inc. now owns 467,365 shares of the real estate investment trust’s stock valued at $9,763,000 after buying an additional 382,251 shares during the period. Finally, Eagle Global Advisors LLC increased its holdings in Orix Corp Ads by 392.5% during the first quarter. Eagle Global Advisors LLC now owns 397,500 shares of the real estate investment trust’s stock valued at $8,304,000 after buying an additional 316,796 shares during the period. Institutional investors own 1.73% of the company’s stock.

Orix Corp Ads Price Performance

NYSE IX opened at $25.49 on Wednesday. The firm’s fifty day simple moving average is $25.77 and its two-hundred day simple moving average is $22.67. The company has a current ratio of 1.76, a quick ratio of 1.72 and a debt-to-equity ratio of 1.36. Orix Corp Ads has a 12-month low of $17.75 and a 12-month high of $27.21. The firm has a market capitalization of $29.05 billion, a P/E ratio of 11.66, a P/E/G ratio of 0.98 and a beta of 0.90.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on IX shares. Weiss Ratings reissued a “hold (c)” rating on shares of Orix Corp Ads in a report on Saturday, September 27th. Wall Street Zen lowered shares of Orix Corp Ads from a “strong-buy” rating to a “buy” rating in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

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.