Itochu Corp. $ITOCY Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its holdings in Itochu Corp. (OTCMKTS:ITOCY) by 8.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

Separately, Confluence Investment Management LLC boosted its stake in Itochu by 2.5% in the 1st quarter. Confluence Investment Management LLC now owns 8,516 shares of the company’s stock worth $792,000 after buying an additional 204 shares during the last quarter. 0.08% of the stock is owned by institutional investors.

Itochu Stock Down 0.1%

Shares of OTCMKTS:ITOCY opened at $117.83 on Friday. The stock’s 50-day moving average price is $110.27 and its two-hundred day moving average price is $103.09. The company has a current ratio of 1.29, a quick ratio of 0.95 and a debt-to-equity ratio of 0.44. Itochu Corp. has a 12-month low of $79.12 and a 12-month high of $121.59. The firm has a market cap of $84.78 billion, a price-to-earnings ratio of 15.38 and a beta of 0.75.

Itochu (OTCMKTS:ITOCY) last issued its quarterly earnings results on Friday, August 1st. The company reported $2.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.03 by ($0.25). The business had revenue of $23.65 billion during the quarter, compared to analyst estimates of $27.22 billion. Itochu had a return on equity of 13.99% and a net margin of 5.93%.

Itochu Profile

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.