Simon Quick Advisors LLC Acquires New Position in Orix Corp Ads $IX

Simon Quick Advisors LLC acquired a new stake in Orix Corp Ads (NYSE:IX) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 14,997 shares of the real estate investment trust’s stock, valued at approximately $338,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Savvy Advisors Inc. increased its holdings in Orix Corp Ads by 18.3% in the second quarter. Savvy Advisors Inc. now owns 17,844 shares of the real estate investment trust’s stock valued at $402,000 after buying an additional 2,764 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Orix Corp Ads by 1,105.8% during 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 purchasing an additional 2,278 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Orix Corp Ads during the second quarter valued at approximately $489,000. R Squared Ltd bought a new position in shares of Orix Corp Ads during the second quarter valued at approximately $230,000. Finally, RNC Capital Management LLC grew its holdings in shares of Orix Corp Ads by 12.9% during 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 purchasing an additional 1,650 shares during the last quarter. 1.73% of the stock is owned by institutional investors.

Orix Corp Ads Stock Performance

Shares of NYSE IX opened at $24.50 on Monday. 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 stock has a 50 day simple moving average of $25.80 and a 200-day simple moving average of $23.34. The company has a market cap of $27.92 billion, a PE ratio of 11.21, a P/E/G ratio of 0.91 and a beta of 0.90. Orix Corp Ads has a 12-month low of $17.75 and a 12-month high of $27.21.

Orix Corp Ads (NYSE:IX) last issued 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 business had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $4.96 billion. Orix Corp Ads had a return on equity of 9.01% and a net margin of 12.70%. On average, equities research analysts forecast that Orix Corp Ads will post 11.31 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on IX. Wall Street Zen lowered Orix Corp Ads from a “strong-buy” rating to a “buy” rating in a report on Friday, August 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Orix Corp Ads in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Orix Corp Ads has an average rating of “Hold”.

About Orix Corp Ads

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.