Versor Investments LP Sells 327,575 Shares of iRobot Co. (NASDAQ:IRBT)

Versor Investments LP cut its position in shares of iRobot Co. (NASDAQ:IRBTFree Report) by 62.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 200,450 shares of the industrial products company’s stock after selling 327,575 shares during the period. iRobot comprises about 1.6% of Versor Investments LP’s investment portfolio, making the stock its 15th largest position. Versor Investments LP owned about 0.73% of iRobot worth $9,066,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Advisor Group Holdings Inc. grew its position in iRobot by 10.2% in the first quarter. Advisor Group Holdings Inc. now owns 4,107 shares of the industrial products company’s stock valued at $260,000 after acquiring an additional 381 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in iRobot by 9.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,786 shares of the industrial products company’s stock valued at $620,000 after acquiring an additional 847 shares during the period. Bank of Montreal Can grew its position in iRobot by 3.2% in the first quarter. Bank of Montreal Can now owns 7,600 shares of the industrial products company’s stock valued at $503,000 after acquiring an additional 235 shares during the period. MetLife Investment Management LLC grew its position in iRobot by 54.6% in the first quarter. MetLife Investment Management LLC now owns 13,739 shares of the industrial products company’s stock valued at $871,000 after acquiring an additional 4,851 shares during the period. Finally, Rhumbline Advisers grew its position in iRobot by 3.7% in the first quarter. Rhumbline Advisers now owns 71,268 shares of the industrial products company’s stock valued at $4,518,000 after acquiring an additional 2,548 shares during the period. 86.44% of the stock is currently owned by institutional investors.

iRobot Price Performance

Shares of IRBT stock traded down $0.57 during trading hours on Monday, hitting $35.77. 268,656 shares of the company’s stock were exchanged, compared to its average volume of 427,703. iRobot Co. has a 52 week low of $31.37 and a 52 week high of $58.92. The stock has a market cap of $990.69 million, a price-to-earnings ratio of -2.62 and a beta of 1.08. The stock’s 50-day moving average is $41.20 and its 200-day moving average is $41.06.

iRobot (NASDAQ:IRBTGet Free Report) last issued its quarterly earnings results on Tuesday, August 8th. The industrial products company reported ($1.73) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.94) by $0.21. iRobot had a negative return on equity of 47.45% and a negative net margin of 36.24%. The business had revenue of $236.57 million for the quarter, compared to analyst estimates of $224.48 million. Equities research analysts forecast that iRobot Co. will post -8.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on IRBT shares. Citigroup lowered their price target on iRobot from $61.00 to $51.00 and set a “neutral” rating on the stock in a research report on Thursday, July 27th. StockNews.com upgraded iRobot from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th.

Read Our Latest Analysis on IRBT

iRobot Company Profile

(Free Report)

iRobot Corporation designs, builds, and sells robots and home innovation products in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company offers floor care products, including Roomba floor vacuuming robots; Roomba accessories and consumables, such as the Clean Base Automatic Dirt Disposal, replacement dirt disposal bags for the Clean Base, filters, brushes, and batteries; Braava family of automatic floor mopping robots; and Braava accessories and consumables, which include cleaning solution, washable and disposable mopping pads, replacement tanks, and batteries, as well as subscription services.

See Also

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Institutional Ownership by Quarter for iRobot (NASDAQ:IRBT)

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