Orix Corp Ads $IX Shares Sold by Calamos Wealth Management LLC

Calamos Wealth Management LLC decreased its position in Orix Corp Ads (NYSE:IX) by 18.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 148,212 shares of the real estate investment trust’s stock after selling 33,710 shares during the period. Calamos Wealth Management LLC’s holdings in Orix Corp Ads were worth $5,589,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in IX. Bank of America Corp DE boosted its stake in shares of Orix Corp Ads by 0.9% in the 1st quarter. Bank of America Corp DE now owns 2,893,892 shares of the real estate investment trust’s stock valued at $86,788,000 after purchasing an additional 25,662 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in Orix Corp Ads by 16.3% in the first quarter. Quantinno Capital Management LP now owns 924,415 shares of the real estate investment trust’s stock valued at $27,723,000 after buying an additional 129,739 shares during the period. QRG Capital Management Inc. lifted its holdings in Orix Corp Ads by 8.5% in the second quarter. QRG Capital Management Inc. now owns 166,395 shares of the real estate investment trust’s stock valued at $6,330,000 after buying an additional 13,092 shares during the period. Gradient Investments LLC boosted its stake in Orix Corp Ads by 4.9% in the second quarter. Gradient Investments LLC now owns 165,151 shares of the real estate investment trust’s stock valued at $6,282,000 after acquiring an additional 7,697 shares during the last quarter. Finally, Calamos Advisors LLC bought a new position in Orix Corp Ads in the first quarter valued at approximately $4,899,000. Institutional investors own 1.73% of the company’s stock.

Wall Street Analysts Forecast Growth

IX has been the subject of a number of analyst reports. Zacks Research lowered shares of Orix Corp Ads from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Weiss Ratings raised Orix Corp Ads from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, August 12th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Orix Corp Ads Trading Down 2.9%

Shares of IX stock traded down $1.04 on Friday, reaching $34.80. The company had a trading volume of 479,346 shares, compared to its average volume of 258,374. The company has a current ratio of 2.15, a quick ratio of 2.07 and a debt-to-equity ratio of 1.20. The stock has a market cap of $38.64 billion, a PE ratio of 9.61, a PEG ratio of 0.72 and a beta of 0.92. The company has a 50-day moving average of $37.94 and a 200-day moving average of $36.18. Orix Corp Ads has a 12 month low of $24.81 and a 12 month high of $42.39.

Orix Corp Ads (NYSE:IX) last released its quarterly earnings data on Tuesday, June 30th. The real estate investment trust reported $1.57 earnings per share for the quarter. Orix Corp Ads had a net margin of 18.02% and a return on equity of 13.11%. The business had revenue of $7.06 billion for the quarter. On average, equities analysts forecast that Orix Corp Ads will post 5.16 earnings per share for the current year.

Orix Corp Ads Profile

ORIX Corporation is a diversified financial services and investment company headquartered in Tokyo, Japan. Founded in 1964 as Orient Leasing, it initially focused on leasing and has since expanded into a broad range of financial and operating businesses.

The company provides leasing, lending, insurance, banking, and asset management services. Its activities also include real estate development and management, private equity and investment, aircraft leasing, and environmental and renewable energy projects.

ORIX serves customers and invests in businesses across Japan and international markets, including the Americas, Europe, the Middle East, and Asia-Pacific.