Todd Asset Management LLC Reduces Stock Position in ITOCHU Co. (OTCMKTS:ITOCY)

Todd Asset Management LLC lowered its stake in ITOCHU Co. (OTCMKTS:ITOCY - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 534,847 shares of the company's stock after selling 12,533 shares during the quarter. ITOCHU makes up approximately 1.0% of Todd Asset Management LLC's investment portfolio, making the stock its 20th largest position. Todd Asset Management LLC owned approximately 0.07% of ITOCHU worth $43,589,000 as of its most recent SEC filing.

Separately, GAMMA Investing LLC acquired a new position in ITOCHU during the fourth quarter worth approximately $69,000. 0.08% of the stock is currently owned by hedge funds and other institutional investors.

ITOCHU Stock Performance

Shares of ITOCHU stock traded up $1.78 on Friday, hitting $95.77. The stock had a trading volume of 108,540 shares, compared to its average volume of 41,396. ITOCHU Co. has a twelve month low of $66.31 and a twelve month high of $95.99. The business's 50 day moving average is $87.76 and its two-hundred day moving average is $84.30. The company has a quick ratio of 0.91, a current ratio of 1.22 and a debt-to-equity ratio of 0.43. The stock has a market cap of $69.48 billion, a price-to-earnings ratio of 13.41 and a beta of 0.72.

ITOCHU (OTCMKTS:ITOCY - Get Free Report) last issued its quarterly earnings results on Monday, February 5th. The company reported $1.93 earnings per share (EPS) for the quarter. The business had revenue of $28.40 billion during the quarter. ITOCHU had a return on equity of 13.27% and a net margin of 5.25%. Analysts forecast that ITOCHU Co. will post 7.64 EPS for the current year.

ITOCHU Company 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.