iRobot Co. (NASDAQ:IRBT) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its holdings in shares of iRobot Co. (NASDAQ:IRBT - Free Report) by 16.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 439,567 shares of the industrial products company's stock after selling 88,735 shares during the period. Charles Schwab Investment Management Inc. owned about 1.44% of iRobot worth $3,820,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Quest Partners LLC increased its stake in iRobot by 39.8% during the 3rd quarter. Quest Partners LLC now owns 11,546 shares of the industrial products company's stock worth $100,000 after buying an additional 3,285 shares during the period. Marathon Trading Investment Management LLC purchased a new stake in shares of iRobot in the 3rd quarter valued at approximately $117,000. Olympiad Research LP purchased a new stake in shares of iRobot in the 3rd quarter valued at approximately $89,000. KG&L Capital Management LLC purchased a new stake in shares of iRobot in the 3rd quarter valued at approximately $109,000. Finally, Harbor Capital Advisors Inc. increased its position in shares of iRobot by 96.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 12,147 shares of the industrial products company's stock valued at $106,000 after purchasing an additional 5,970 shares during the last quarter. 77.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IRBT has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a "hold" rating on shares of iRobot in a research report on Thursday, November 7th. StockNews.com downgraded shares of iRobot from a "hold" rating to a "sell" rating in a research report on Sunday, October 27th.

iRobot Stock Down 1.8 %

Shares of NASDAQ IRBT traded down $0.16 during mid-day trading on Friday, reaching $8.75. The company had a trading volume of 1,030,676 shares, compared to its average volume of 1,761,210. The company has a current ratio of 1.45, a quick ratio of 0.94 and a debt-to-equity ratio of 1.24. The firm has a 50 day simple moving average of $7.98 and a two-hundred day simple moving average of $8.51. The stock has a market cap of $267.39 million, a P/E ratio of -1.90 and a beta of 0.83. iRobot Co. has a 52-week low of $5.83 and a 52-week high of $39.44.

iRobot (NASDAQ:IRBT - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.09. The firm had revenue of $193.40 million during the quarter, compared to analysts' expectations of $218.41 million. iRobot had a negative net margin of 16.15% and a negative return on equity of 100.79%. iRobot's quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($3.09) EPS. Sell-side analysts predict that iRobot Co. will post -5.74 earnings per share for the current year.

About iRobot

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.