Russell Investments Group Ltd. Decreases Stock Position in iRobot Co. (NASDAQ:IRBT)

Russell Investments Group Ltd. lowered its stake in iRobot Co. (NASDAQ:IRBT – Get Rating) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,008 shares of the industrial products company’s stock after selling 2,701 shares during the period. Russell Investments Group Ltd. owned approximately 0.14% of iRobot worth $1,781,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of iRobot in the third quarter worth about $2,940,000. Versor Investments LP increased its holdings in shares of iRobot by 51.5% in the fourth quarter. Versor Investments LP now owns 587,421 shares of the industrial products company’s stock worth $28,273,000 after buying an additional 199,768 shares during the period. Boothbay Fund Management LLC purchased a new position in shares of iRobot in the third quarter worth about $629,000. Handelsbanken Fonder AB increased its holdings in shares of iRobot by 30.1% in the fourth quarter. Handelsbanken Fonder AB now owns 6,058 shares of the industrial products company’s stock worth $292,000 after buying an additional 1,400 shares during the period. Finally, Chicago Capital Management LLC purchased a new position in shares of iRobot in the third quarter worth about $6,478,000. Hedge funds and other institutional investors own 84.03% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded iRobot from a “hold” rating to a “sell” rating in a report on Friday.

iRobot Price Performance

Shares of NASDAQ:IRBT opened at $31.80 on Tuesday. iRobot Co. has a 1 year low of $31.46 and a 1 year high of $60.24. The company has a market cap of $877.49 million, a PE ratio of -2.58 and a beta of 1.08. The stock’s 50-day moving average is $40.38 and its 200 day moving average is $44.88.

iRobot Profile

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iRobot Corp. is a robot company, which engages in designing and building robots. Its products include robot vacuums and maps, and pool cleaners. It operates through Domestic and International segments. The company was founded by Rodney Allen Brooks, Colin M. Angle and Helen Greiner in August 1990 and is headquartered in Bedford, MA.