Calamos Wealth Management LLC Grows Position in Orix Corp Ads $IX

Calamos Wealth Management LLC raised its stake in shares of Orix Corp Ads (NYSE:IX) by 16.3% during the first quarter, HoldingsChannel reports. The firm owned 163,340 shares of the real estate investment trust’s stock after purchasing an additional 22,938 shares during the quarter. Calamos Wealth Management LLC’s holdings in Orix Corp Ads were worth $4,899,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Calamos Advisors LLC purchased a new stake in shares of Orix Corp Ads during the first quarter valued at $4,899,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Orix Corp Ads by 14.3% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 15,295 shares of the real estate investment trust’s stock valued at $459,000 after acquiring an additional 1,912 shares during the period. Ferguson Wellman Capital Management Inc. purchased a new position in Orix Corp Ads in the 1st quarter worth $839,000. Sequoia Financial Advisors LLC raised its stake in Orix Corp Ads by 2.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 25,987 shares of the real estate investment trust’s stock worth $779,000 after acquiring an additional 657 shares during the last quarter. Finally, Kathmere Capital Management LLC lifted its position in Orix Corp Ads by 12.9% during the 1st quarter. Kathmere Capital Management LLC now owns 29,705 shares of the real estate investment trust’s stock worth $891,000 after acquiring an additional 3,386 shares during the period. Hedge funds and other institutional investors own 1.73% of the company’s stock.

Orix Corp Ads Stock Performance

IX opened at $39.46 on Tuesday. The firm has a fifty day moving average price of $38.35 and a 200 day moving average price of $33.89. Orix Corp Ads has a 1 year low of $22.10 and a 1 year high of $40.63. The stock has a market cap of $43.81 billion, a P/E ratio of 14.78, a P/E/G ratio of 0.86 and a beta of 0.89. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.77 and a quick ratio of 1.73.

Orix Corp Ads (NYSE:IX) last released its quarterly earnings results on Tuesday, March 31st. The real estate investment trust reported $1.64 EPS for the quarter. Orix Corp Ads had a net margin of 13.55% and a return on equity of 9.93%. The company had revenue of $6.03 billion for the quarter. Equities research analysts anticipate that Orix Corp Ads will post 4.64 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on IX shares. Wall Street Zen downgraded Orix Corp Ads from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Zacks Research upgraded Orix Corp Ads from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Finally, Weiss Ratings downgraded Orix Corp Ads from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy”.

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.