Itochu Corp. (OTCMKTS:ITOCY) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its holdings in Itochu Corp. (OTCMKTS:ITOCY) by 8.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,545 shares of the company’s stock after selling 970 shares during the period. Rhumbline Advisers’ holdings in Itochu were worth $981,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ITOCY. SVB Wealth LLC acquired a new position in Itochu in the fourth quarter valued at $413,000. Confluence Investment Management LLC boosted its holdings in shares of Itochu by 2.5% in the first quarter. Confluence Investment Management LLC now owns 8,516 shares of the company’s stock valued at $792,000 after acquiring an additional 204 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Itochu by 6,003.3% in the first quarter. GAMMA Investing LLC now owns 101,009 shares of the company’s stock valued at $9,395,000 after acquiring an additional 99,354 shares in the last quarter. 0.08% of the stock is owned by hedge funds and other institutional investors.

Itochu Stock Performance

Shares of ITOCY opened at $103.93 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.28 and a debt-to-equity ratio of 0.43. The company has a 50-day simple moving average of $101.68 and a 200-day simple moving average of $96.10. Itochu Corp. has a 52-week low of $79.12 and a 52-week high of $116.50. The company has a market capitalization of $74.78 billion, a PE ratio of 13.57 and a beta of 0.82.

About Itochu

ITOCHU Corporation engages in trading and importing/exporting various products worldwide. The company’s Textile segment produces and sells raw materials, threads, and textiles; and garments, home furnishings, and industrial materials, as well as trades in industrial textile and lifestyle products. Its Machinery segment engages in the plants, bridges, railways, and other infrastructure; power generation, transmission, transformation, and sale; water, environment and waste-related; ship trading; renewable and alternative energy; and waste recycling businesses.