Rhumbline Advisers Boosts Stock Holdings in ITOCHU Co. (OTCMKTS:ITOCY)

Rhumbline Advisers lifted its position in ITOCHU Co. (OTCMKTS:ITOCY) by 5.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,001 shares of the company’s stock after acquiring an additional 535 shares during the period. Rhumbline Advisers’ holdings in ITOCHU were worth $1,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Confluence Investment Management LLC boosted its holdings in shares of ITOCHU by 2.0% during the 2nd quarter. Confluence Investment Management LLC now owns 8,552 shares of the company’s stock worth $841,000 after purchasing an additional 165 shares during the last quarter. Atlas Capital Advisors LLC raised its holdings in shares of ITOCHU by 13.1% during the 1st quarter. Atlas Capital Advisors LLC now owns 2,328 shares of the company’s stock worth $199,000 after acquiring an additional 270 shares during the period. GAMMA Investing LLC boosted its position in shares of ITOCHU by 13.7% during the 2nd quarter. GAMMA Investing LLC now owns 1,131 shares of the company’s stock valued at $111,000 after acquiring an additional 136 shares during the last quarter. Finally, First Horizon Advisors Inc. purchased a new stake in shares of ITOCHU in the second quarter valued at about $28,000. 0.08% of the stock is owned by institutional investors and hedge funds.

ITOCHU Price Performance

Shares of ITOCY stock opened at $107.60 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.29 and a quick ratio of 0.98. The company has a market capitalization of $77.41 billion, a PE ratio of 14.78 and a beta of 0.76. The firm’s 50-day moving average is $99.80 and its two-hundred day moving average is $94.49. ITOCHU Co. has a 12 month low of $68.15 and a 12 month high of $109.09.

ITOCHU (OTCMKTS:ITOCY) last released its quarterly earnings results on Monday, August 5th. The company reported $1.84 EPS for the quarter. The firm had revenue of $23.09 billion for the quarter. ITOCHU had a net margin of 5.56% and a return on equity of 13.09%. Analysts predict that ITOCHU Co. will post 8.29 earnings per share for the current year.

ITOCHU Profile

ITOCHU Corporation engages in trading and importing/exporting various products worldwide. The company's Textile segment produces and sells fiber and garment materials, textiles fabrics, apparel, and industrial materials; and imports lifestyle brands, fashion accessories, and garments in various areas, such as luxury, casual, and sports.