CTC Alternative Strategies Ltd. Takes $895,000 Position in Orix Corp Ads $IX

CTC Alternative Strategies Ltd. purchased a new stake in Orix Corp Ads (NYSE:IX) during the third quarter, Holdings Channel reports. The institutional investor purchased 34,100 shares of the real estate investment trust’s stock, valued at approximately $895,000. Orix Corp Ads comprises 1.1% of CTC Alternative Strategies Ltd.’s investment portfolio, making the stock its 17th largest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Soundwatch Capital LLC acquired a new position in Orix Corp Ads during the second quarter valued at approximately $25,000. AlphaCore Capital LLC acquired a new stake in Orix Corp Ads in the second quarter worth $27,000. Global Retirement Partners LLC raised its holdings in Orix Corp Ads by 58.2% in the third quarter. Global Retirement Partners LLC now owns 1,444 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 531 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Orix Corp Ads by 4,325.5% during the first quarter. Geneos Wealth Management Inc. now owns 2,080 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 2,033 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of Orix Corp Ads by 8,083.8% during the first quarter. Jones Financial Companies Lllp now owns 5,565 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 5,497 shares in the last quarter. Institutional investors own 1.73% of the company’s stock.

Analyst Upgrades and Downgrades

IX has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Orix Corp Ads in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Orix Corp Ads presently has an average rating of “Buy”.

Orix Corp Ads Stock Performance

Shares of IX stock opened at $30.20 on Thursday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.77 and a current ratio of 1.82. Orix Corp Ads has a 52 week low of $17.75 and a 52 week high of $37.04. The company’s 50 day moving average price is $32.31 and its two-hundred day moving average price is $28.67. The company has a market capitalization of $34.41 billion, a P/E ratio of 10.82, a price-to-earnings-growth ratio of 0.74 and a beta of 0.71.

Orix Corp Ads (NYSE:IX) last released its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.18. Orix Corp Ads had a net margin of 15.04% and a return on equity of 10.69%. The company had revenue of $4.78 billion during the quarter, compared to analysts’ expectations of $4.38 billion. On average, analysts expect that Orix Corp Ads will post 11.31 earnings per share for the current fiscal year.

Orix Corp Ads Company 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.