Jacobs Levy Equity Management Inc. Trims Stake in iRobot Co. (NASDAQ:IRBT)

Jacobs Levy Equity Management Inc. trimmed its stake in shares of iRobot Co. (NASDAQ:IRBT - Free Report) by 9.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 720,640 shares of the industrial products company's stock after selling 76,399 shares during the period. Jacobs Levy Equity Management Inc. owned about 2.36% of iRobot worth $6,262,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the business. Verition Fund Management LLC acquired a new stake in iRobot in the third quarter valued at approximately $1,556,000. BNP Paribas Financial Markets grew its holdings in iRobot by 37.0% in the third quarter. BNP Paribas Financial Markets now owns 21,141 shares of the industrial products company's stock valued at $184,000 after purchasing an additional 5,709 shares during the period. Quantbot Technologies LP acquired a new stake in shares of iRobot in the third quarter worth approximately $213,000. Quest Partners LLC boosted its stake in shares of iRobot by 39.8% in the third quarter. Quest Partners LLC now owns 11,546 shares of the industrial products company's stock worth $100,000 after acquiring an additional 3,285 shares during the last quarter. Finally, Marathon Trading Investment Management LLC acquired a new stake in shares of iRobot in the third quarter worth approximately $117,000. 77.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on IRBT shares. StockNews.com lowered iRobot from a "hold" rating to a "sell" rating in a research note on Sunday, October 27th. Needham & Company LLC reaffirmed a "hold" rating on shares of iRobot in a research note on Thursday, November 7th.

iRobot Trading Up 4.1 %

iRobot stock traded up $0.35 during trading on Friday, reaching $8.94. 1,123,664 shares of the company were exchanged, compared to its average volume of 1,776,634. iRobot Co. has a 52-week low of $5.83 and a 52-week high of $39.99. The company has a market capitalization of $273.21 million, a P/E ratio of -1.94 and a beta of 0.83. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.45 and a quick ratio of 0.94. The stock's 50 day simple moving average is $7.93 and its two-hundred day simple moving average is $8.58.

iRobot (NASDAQ:IRBT - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of ($0.06) by $0.09. iRobot had a negative return on equity of 100.79% and a negative net margin of 16.15%. The firm had revenue of $193.40 million for the quarter, compared to the consensus estimate of $218.41 million. During the same quarter last year, the business posted ($3.09) earnings per share. The firm's revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts expect that iRobot Co. will post -5.74 earnings per share for the current fiscal year.

iRobot Profile

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.