Venturi Wealth Management LLC Purchases New Holdings in Orix Corp Ads $IX

Venturi Wealth Management LLC purchased a new position in Orix Corp Ads (NYSE:IX) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,656 shares of the real estate investment trust’s stock, valued at approximately $217,000.

A number of other institutional investors and hedge funds have also made changes to their positions in IX. Rhumbline Advisers lifted its stake in shares of Orix Corp Ads by 305.7% during the first quarter. Rhumbline Advisers now owns 43,196 shares of the real estate investment trust’s stock valued at $902,000 after buying an additional 32,548 shares during the period. Farther Finance Advisors LLC increased its position in shares of Orix Corp Ads by 234.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,563 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,096 shares in the last quarter. Yousif Capital Management LLC increased its holdings in shares of Orix Corp Ads by 202.9% in the first quarter. Yousif Capital Management LLC now owns 11,300 shares of the real estate investment trust’s stock worth $236,000 after acquiring an additional 7,570 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Orix Corp Ads by 343.2% in the first quarter. GAMMA Investing LLC now owns 5,708 shares of the real estate investment trust’s stock valued at $119,000 after purchasing an additional 4,420 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in Orix Corp Ads by 379.0% during the first quarter. Fifth Third Bancorp now owns 36,580 shares of the real estate investment trust’s stock worth $764,000 after buying an additional 28,943 shares during the last quarter. 1.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on IX shares. Weiss Ratings restated a “hold (c)” rating on shares of Orix Corp Ads in a report on Wednesday. Wall Street Zen downgraded Orix Corp Ads from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 22nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Orix Corp Ads currently has a consensus rating of “Hold”.

Orix Corp Ads Price Performance

Shares of Orix Corp Ads stock opened at $24.41 on Friday. The business has a 50 day simple moving average of $25.91 and a two-hundred day simple moving average of $22.74. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.76 and a quick ratio of 1.72. The stock has a market capitalization of $27.82 billion, a P/E ratio of 11.17, a PEG ratio of 0.92 and a beta of 0.90. Orix Corp Ads has a 12 month low of $17.75 and a 12 month high of $27.21.

Orix Corp Ads (NYSE:IX) last posted its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.11. Orix Corp Ads had a return on equity of 9.01% and a net margin of 12.70%.The company had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $4.96 billion. As a group, analysts predict that Orix Corp Ads will post 11.31 EPS for the current fiscal year.

About Orix Corp Ads

ORIX Corporation provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East. The company's Corporate Financial Services and Maintenance Leasing segment is involved in the finance and fee; leasing and rental of automobiles, electronic measuring instruments, and ICT-related equipment businesses; and provision of life insurance and environment and energy-related products and services.