Calamos Wealth Management LLC Acquires 22,938 Shares of Orix Corp Ads $IX

Calamos Wealth Management LLC boosted its holdings in shares of Orix Corp Ads (NYSE:IX) by 16.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 163,340 shares of the real estate investment trust’s stock after acquiring an additional 22,938 shares during the quarter. Calamos Wealth Management LLC’s holdings in Orix Corp Ads were worth $4,899,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Atlas Capital Advisors Inc. purchased a new stake in Orix Corp Ads in the fourth quarter worth $28,000. V Square Quantitative Management LLC purchased a new stake in shares of Orix Corp Ads during the fourth quarter valued at $34,000. Kestra Advisory Services LLC purchased a new stake in shares of Orix Corp Ads during the fourth quarter valued at $35,000. Geneos Wealth Management Inc. boosted its stake in shares of Orix Corp Ads by 4,325.5% during the first quarter. Geneos Wealth Management Inc. now owns 2,080 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 2,033 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in shares of Orix Corp Ads by 56.5% in the fourth quarter. Farther Finance Advisors LLC now owns 3,212 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 1,160 shares during the last quarter. Institutional investors own 1.73% of the company’s stock.

Analyst Ratings Changes

IX has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Weiss Ratings cut shares of Orix Corp Ads from a “buy (b)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Finally, Zacks Research upgraded shares of Orix Corp Ads from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Orix Corp Ads Stock Performance

Shares of IX opened at $39.46 on Tuesday. The company has a current ratio of 1.77, a quick ratio of 1.73 and a debt-to-equity ratio of 1.30. The firm has a market cap of $43.81 billion, a PE ratio of 14.78, a P/E/G ratio of 0.86 and a beta of 0.89. Orix Corp Ads has a 12 month low of $22.10 and a 12 month high of $40.63. The stock has a fifty day moving average price of $38.35 and a 200-day moving average price of $33.89.

Orix Corp Ads (NYSE:IX) last announced its earnings results on Tuesday, March 31st. The real estate investment trust reported $1.64 earnings per share for the quarter. Orix Corp Ads had a return on equity of 9.93% and a net margin of 13.55%.The firm had revenue of $6.03 billion for the quarter. Equities research analysts predict that Orix Corp Ads will post 4.64 earnings per share for the current fiscal year.

Orix Corp Ads Company Profile

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.