Renaissance Technologies LLC Invests $3.29 Million in Orix Corp Ads $IX

Renaissance Technologies LLC purchased a new position in shares of Orix Corp Ads (NYSE:IX) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 109,600 shares of the real estate investment trust’s stock, valued at approximately $3,287,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in Orix Corp Ads by 336.1% in the 1st quarter. Royal Bank of Canada now owns 38,081 shares of the real estate investment trust’s stock worth $796,000 after buying an additional 29,349 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Orix Corp Ads by 433.3% during the first quarter. AQR Capital Management LLC now owns 44,547 shares of the real estate investment trust’s stock valued at $931,000 after acquiring an additional 36,194 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Orix Corp Ads by 3,021.1% during the first quarter. Millennium Management LLC now owns 203,967 shares of the real estate investment trust’s stock valued at $4,261,000 after acquiring an additional 197,432 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of Orix Corp Ads by 8,083.8% in the first quarter. Jones Financial Companies Lllp now owns 5,565 shares of the real estate investment trust’s stock valued at $116,000 after acquiring an additional 5,497 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Orix Corp Ads by 568.7% in the first quarter. Goldman Sachs Group Inc. now owns 96,454 shares of the real estate investment trust’s stock valued at $2,015,000 after acquiring an additional 82,030 shares in the last quarter. 1.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on IX shares. Wall Street Zen cut Orix Corp Ads from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Zacks Research cut shares of Orix Corp Ads from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Weiss Ratings upgraded shares of Orix Corp Ads from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 29th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Orix Corp Ads Trading Down 2.9%

Shares of Orix Corp Ads stock opened at $40.09 on Friday. The stock has a market cap of $44.51 billion, a P/E ratio of 11.07, a P/E/G ratio of 0.86 and a beta of 0.88. The stock’s 50 day simple moving average is $39.44 and its 200-day simple moving average is $35.20. Orix Corp Ads has a 1-year low of $24.19 and a 1-year high of $42.39. 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 posted its quarterly earnings results on Tuesday, June 30th. The real estate investment trust reported $1.57 EPS for the quarter. Orix Corp Ads had a return on equity of 13.08% and a net margin of 18.02%.The firm had revenue of $7.06 billion during the quarter. Analysts predict that Orix Corp Ads will post 4.59 EPS for the current fiscal year.

Orix Corp Ads Profile

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.