Private Advisor Group LLC raised its position in shares of iRobot Co. (NASDAQ:IRBT - Free Report) by 50.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 110,955 shares of the industrial products company's stock after acquiring an additional 37,358 shares during the quarter. Private Advisor Group LLC owned approximately 0.36% of iRobot worth $860,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in IRBT. Olympiad Research LP bought a new stake in iRobot in the third quarter worth $89,000. Quest Partners LLC boosted its stake in iRobot by 39.8% in the 3rd quarter. Quest Partners LLC now owns 11,546 shares of the industrial products company's stock worth $100,000 after purchasing an additional 3,285 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in iRobot by 96.6% during 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. SG Americas Securities LLC purchased a new position in iRobot in the fourth quarter worth about $97,000. Finally, KG&L Capital Management LLC bought a new position in shares of iRobot in the third quarter worth approximately $109,000. Hedge funds and other institutional investors own 77.42% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. Needham & Company LLC restated a "hold" rating on shares of iRobot in a report on Tuesday, January 21st. StockNews.com cut iRobot from a "hold" rating to a "sell" rating in a research note on Saturday, January 25th.
Check Out Our Latest Research Report on iRobot
iRobot Stock Performance
IRBT traded up $0.43 during midday trading on Wednesday, hitting $7.07. 1,315,648 shares of the company traded hands, compared to its average volume of 1,521,700. The company's 50-day moving average is $8.59 and its 200 day moving average is $8.07. The company has a quick ratio of 0.94, a current ratio of 1.45 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $216.05 million, a PE ratio of -1.54 and a beta of 0.80. iRobot Co. has a 52 week low of $5.83 and a 52 week high of $14.51.
About iRobot
(
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.
Recommended Stories
Before you consider iRobot, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and iRobot wasn't on the list.
While iRobot currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
