Orix Corp Ads (NYSE:IX) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Orix Corp Ads (NYSE:IX) saw strong trading volume on Thursday . 333,641 shares were traded during trading, a decline of 8% from the previous session’s volume of 362,469 shares.The stock last traded at $39.4940 and had previously closed at $39.25.

Analyst Ratings Changes

IX has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Orix Corp Ads from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Weiss Ratings restated a “buy (b)” rating on shares of Orix Corp Ads in a research note on Friday, May 8th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Orix Corp Ads Stock Up 1.2%

The stock has a market cap of $44.09 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 1.30 and a beta of 0.88. The company has a current ratio of 1.76, a quick ratio of 1.71 and a debt-to-equity ratio of 1.30. The stock’s fifty day moving average price is $33.75 and its 200 day moving average price is $31.61.

Orix Corp Ads (NYSE:IX) last issued its quarterly earnings data on Tuesday, March 31st. The real estate investment trust reported $1.64 earnings per share (EPS) for the quarter. Orix Corp Ads had a return on equity of 9.93% and a net margin of 13.55%.The business had revenue of $6.03 billion for the quarter. As a group, research analysts forecast that Orix Corp Ads will post 2.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Orix Corp Ads

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC grew its position in Orix Corp Ads by 11.3% during the first quarter. Parallel Advisors LLC now owns 10,272 shares of the real estate investment trust’s stock valued at $308,000 after buying an additional 1,040 shares during the period. Glenmede Trust Co. NA boosted its holdings in Orix Corp Ads by 8.5% in the 1st quarter. Glenmede Trust Co. NA now owns 19,761 shares of the real estate investment trust’s stock valued at $593,000 after purchasing an additional 1,551 shares during the last quarter. Bank of America Corp DE boosted its holdings in Orix Corp Ads by 0.9% in the 1st quarter. Bank of America Corp DE now owns 2,893,892 shares of the real estate investment trust’s stock valued at $86,788,000 after purchasing an additional 25,662 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Orix Corp Ads by 116.2% in the first quarter. Royal Bank of Canada now owns 88,450 shares of the real estate investment trust’s stock valued at $2,652,000 after buying an additional 47,544 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its position in Orix Corp Ads by 16.3% in the 1st quarter. Quantinno Capital Management LP now owns 924,415 shares of the real estate investment trust’s stock valued at $27,723,000 after buying an additional 129,739 shares during the period. Hedge funds and other institutional investors own 1.73% of the company’s stock.

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.