Savvy Advisors Inc. Increases Stake in Orix Corp Ads $IX

Savvy Advisors Inc. increased its stake in shares of Orix Corp Ads (NYSE:IX) by 18.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,844 shares of the real estate investment trust’s stock after acquiring an additional 2,764 shares during the quarter. Savvy Advisors Inc.’s holdings in Orix Corp Ads were worth $402,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IX. Hantz Financial Services Inc. lifted its stake in Orix Corp Ads by 1,105.8% in the second quarter. Hantz Financial Services Inc. now owns 2,484 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 2,278 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Orix Corp Ads in the second quarter valued at approximately $489,000. R Squared Ltd purchased a new stake in Orix Corp Ads in the second quarter valued at approximately $230,000. RNC Capital Management LLC lifted its stake in Orix Corp Ads by 12.9% in the second quarter. RNC Capital Management LLC now owns 14,420 shares of the real estate investment trust’s stock valued at $325,000 after buying an additional 1,650 shares during the last quarter. Finally, Ethic Inc. lifted its stake in Orix Corp Ads by 8.9% in the second quarter. Ethic Inc. now owns 11,783 shares of the real estate investment trust’s stock valued at $261,000 after buying an additional 962 shares during the last quarter. 1.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Orix Corp Ads in a research note on Wednesday, October 8th. Wall Street Zen cut Orix Corp Ads from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Orix Corp Ads Stock Up 1.2%

Shares of NYSE:IX opened at $24.50 on Friday. The firm’s 50-day simple moving average is $25.80 and its 200-day simple moving average is $23.31. The company has a market cap of $27.92 billion, a price-to-earnings ratio of 11.21, a PEG ratio of 0.91 and a beta of 0.90. The company has a quick ratio of 1.72, a current ratio of 1.76 and a debt-to-equity ratio of 1.36. Orix Corp Ads has a fifty-two week low of $17.75 and a fifty-two week high of $27.21.

Orix Corp Ads (NYSE:IX) last released its quarterly earnings data 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. The firm had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $4.96 billion. Orix Corp Ads had a return on equity of 9.01% and a net margin of 12.70%. As a group, equities research analysts predict that Orix Corp Ads will post 11.31 earnings per share for the current 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.