Orix Corp Ads $IX Holdings Decreased by QRG Capital Management Inc.

QRG Capital Management Inc. lessened its stake in Orix Corp Ads (NYSE:IX) by 53.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 115,972 shares of the real estate investment trust’s stock after selling 134,205 shares during the period. QRG Capital Management Inc.’s holdings in Orix Corp Ads were worth $3,029,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Royal Bank of Canada lifted its stake in shares of Orix Corp Ads by 336.1% in the 1st 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 period. AQR Capital Management LLC raised its holdings in Orix Corp Ads by 433.3% during the first quarter. AQR Capital Management LLC now owns 44,547 shares of the real estate investment trust’s stock worth $931,000 after purchasing an additional 36,194 shares in the last quarter. Millennium Management LLC lifted its position in Orix Corp Ads by 3,021.1% in the first quarter. Millennium Management LLC now owns 203,967 shares of the real estate investment trust’s stock worth $4,261,000 after purchasing an additional 197,432 shares during the period. Jones Financial Companies Lllp boosted its stake in Orix Corp Ads by 8,083.8% during the 1st 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 position in shares of Orix Corp Ads by 568.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 96,454 shares of the real estate investment trust’s stock valued at $2,015,000 after purchasing an additional 82,030 shares during the period. Institutional investors and hedge funds own 1.73% of the company’s stock.

Orix Corp Ads Trading Up 0.5%

Orix Corp Ads stock opened at $30.68 on Monday. The firm has a market cap of $34.97 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 0.94 and a beta of 0.73. Orix Corp Ads has a 1 year low of $17.75 and a 1 year high of $30.82. The firm’s 50 day moving average price is $28.26 and its two-hundred day moving average price is $26.08. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.77 and a current ratio of 1.81.

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

Analyst Upgrades and Downgrades

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

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.