Sei Investments Co. Grows Holdings in Orix Corp Ads $IX

Sei Investments Co. lifted its stake in Orix Corp Ads (NYSE:IX) by 12.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 159,528 shares of the real estate investment trust’s stock after acquiring an additional 17,330 shares during the quarter. Sei Investments Co.’s holdings in Orix Corp Ads were worth $4,786,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Atlas Capital Advisors Inc. acquired a new position in Orix Corp Ads during the fourth quarter worth $28,000. V Square Quantitative Management LLC acquired a new position in Orix Corp Ads during the 4th quarter worth about $34,000. Kestra Advisory Services LLC acquired a new position in Orix Corp Ads during the 4th quarter worth about $35,000. Geneos Wealth Management Inc. boosted its holdings in Orix Corp Ads by 4,325.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,080 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 2,033 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in Orix Corp Ads by 56.5% during the 4th quarter. Farther Finance Advisors LLC now owns 3,212 shares of the real estate investment trust’s stock valued at $94,000 after acquiring an additional 1,160 shares during the period. Hedge funds and other institutional investors own 1.73% of the company’s stock.

Orix Corp Ads Price Performance

IX stock opened at $41.19 on Thursday. The business’s 50-day moving average is $39.37 and its two-hundred day moving average is $35.09. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.77 and a quick ratio of 1.73. The firm has a market capitalization of $45.73 billion, a P/E ratio of 15.43, a P/E/G ratio of 0.87 and a beta of 0.88. Orix Corp Ads has a 1 year low of $23.62 and a 1 year high of $41.61.

Orix Corp Ads (NYSE:IX) last announced its quarterly earnings data on Tuesday, March 31st. The real estate investment trust reported $1.64 EPS for the quarter. The business had revenue of $6.03 billion during the quarter. Orix Corp Ads had a return on equity of 9.93% and a net margin of 13.55%. Analysts anticipate that Orix Corp Ads will post 4.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on IX. Weiss Ratings raised shares of Orix Corp Ads from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 29th. 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. Finally, Zacks Research lowered shares of Orix Corp Ads from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

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.