Orix Corp Ads (NYSE:IX) Sees Significant Decrease in Short Interest

Orix Corp Ads (NYSE:IX) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 564,139 shares, a decline of 32.7% from the August 15th total of 838,207 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 352,721 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Investors Weigh In On Orix Corp Ads

A number of hedge funds have recently bought and sold shares of IX. Calamos Advisors LLC purchased a new position in shares of Orix Corp Ads in the 1st quarter valued at about $4,899,000. Quantinno Capital Management LP boosted its holdings in Orix Corp Ads by 16.3% in the first quarter. Quantinno Capital Management LP now owns 924,415 shares of the real estate investment trust’s stock valued at $27,723,000 after purchasing an additional 129,739 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Orix Corp Ads in the first quarter valued at approximately $3,287,000. Northwestern Mutual Wealth Management Co. increased its stake in Orix Corp Ads by 12,914.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 63,379 shares of the real estate investment trust’s stock valued at $1,852,000 after purchasing an additional 62,892 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in Orix Corp Ads by 75.5% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 114,400 shares of the real estate investment trust’s stock valued at $3,431,000 after purchasing an additional 49,200 shares during the last quarter. Institutional investors and hedge funds own 1.73% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on IX. Wall Street Zen cut Orix Corp Ads from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Zacks Research cut Orix Corp Ads from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, Weiss Ratings raised Orix Corp Ads from a “hold (c+)” rating to a “buy (b)” rating in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Orix Corp Ads currently has a consensus rating of “Moderate Buy”.

Orix Corp Ads Stock Performance

Shares of IX stock opened at $39.36 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.15 and a debt-to-equity ratio of 1.20. Orix Corp Ads has a 52 week low of $24.19 and a 52 week high of $42.39. The stock has a market capitalization of $43.69 billion, a PE ratio of 10.87, a P/E/G ratio of 0.80 and a beta of 0.87. The firm has a 50 day moving average of $39.71 and a two-hundred day moving average of $36.54.

Orix Corp Ads (NYSE:IX) last posted its quarterly earnings results on Tuesday, June 30th. The real estate investment trust reported $1.57 EPS for the quarter. The business had revenue of $7.06 billion during the quarter. Orix Corp Ads had a net margin of 18.02% and a return on equity of 13.11%. On average, research analysts predict that Orix Corp Ads will post 5.04 EPS for the current fiscal year.

Orix Corp Ads Company Profile

ORIX Corporation is a diversified financial services and asset-management company headquartered in Tokyo, Japan. Founded in 1964 as Orient Leasing, the company has expanded from its original leasing business into a broad range of financial, investment and operating businesses. Its American depositary shares trade on the New York Stock Exchange under the symbol IX.

ORIX provides corporate financial services, leasing, business investment, insurance, banking and credit services. Its activities also include real estate development and management, private equity and concession investments, aircraft and ship financing, and asset management.