Checchi Capital Advisers LLC Reduces Position in Orix Corp Ads $IX

Checchi Capital Advisers LLC cut its stake in shares of Orix Corp Ads (NYSE:IX) by 11.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,082 shares of the real estate investment trust’s stock after selling 1,523 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Orix Corp Ads were worth $272,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Gilman Hill Asset Management LLC boosted its holdings in Orix Corp Ads by 0.4% in the second quarter. Gilman Hill Asset Management LLC now owns 196,669 shares of the real estate investment trust’s stock valued at $4,429,000 after purchasing an additional 705 shares during the last quarter. Naples Global Advisors LLC boosted its holdings in Orix Corp Ads by 0.8% in the second quarter. Naples Global Advisors LLC now owns 92,365 shares of the real estate investment trust’s stock valued at $2,080,000 after purchasing an additional 764 shares during the last quarter. Bruce G. Allen Investments LLC boosted its holdings in Orix Corp Ads by 388.5% in the first quarter. Bruce G. Allen Investments LLC now owns 1,270 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 1,010 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Orix Corp Ads by 234.7% in the first quarter. Farther Finance Advisors LLC now owns 1,563 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,096 shares during the last quarter. Finally, Brooklyn Investment Group boosted its holdings in Orix Corp Ads by 132,800.0% in the first quarter. Brooklyn Investment Group now owns 1,329 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,328 shares during the last quarter. 1.73% of the stock is owned by hedge funds and other institutional investors.

Orix Corp Ads Stock Down 1.8%

Shares of IX opened at $25.49 on Wednesday. The company has a current ratio of 1.76, a quick ratio of 1.72 and a debt-to-equity ratio of 1.36. Orix Corp Ads has a 12 month low of $17.75 and a 12 month high of $27.21. The stock’s 50 day moving average is $25.77 and its two-hundred day moving average is $22.67. The firm has a market cap of $29.05 billion, a P/E ratio of 11.66, a PEG ratio of 0.98 and a beta of 0.90.

Orix Corp Ads (NYSE:IX) last issued 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 net margin of 12.70% and a return on equity of 9.01%. The firm had revenue of $5.21 billion for the quarter, compared to analyst estimates of $4.96 billion. Analysts predict that Orix Corp Ads will post 11.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Orix Corp Ads in a research note on Saturday, September 27th. 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 investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Orix Corp Ads Profile

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.