Deutsche Bank AG Grows Stock Holdings in iRobot Corporation $IRBT

Key Points

• Deutsche Bank AG increased its stake in iRobot Corporation by 333.3% in Q1, now owning approximately 0.99% of the company, valued at $825,000.
• Other hedge funds also raised their positions in iRobot, with notable increases from Jacobs Levy Equity Management (16.7%) and Two Sigma Investments (32.4%).
• iRobot reported an EPS of (0.27) for the last quarter, exceeding analyst expectations, with revenue of $127.60 million.

Deutsche Bank AG grew its holdings in iRobot Corporation (NASDAQ:IRBT - Free Report) by 333.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 305,679 shares of the industrial products company's stock after purchasing an additional 235,133 shares during the period. Deutsche Bank AG owned about 0.99% of iRobot worth $825,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of IRBT. Charles Schwab Investment Management Inc. lifted its position in shares of iRobot by 13.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 412,722 shares of the industrial products company's stock valued at $1,114,000 after acquiring an additional 49,523 shares in the last quarter. XTX Topco Ltd lifted its position in shares of iRobot by 230.5% in the first quarter. XTX Topco Ltd now owns 174,650 shares of the industrial products company's stock valued at $472,000 after acquiring an additional 121,799 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of iRobot by 317.2% in the first quarter. Private Advisor Group LLC now owns 462,880 shares of the industrial products company's stock valued at $1,250,000 after acquiring an additional 351,925 shares in the last quarter. CWM LLC lifted its position in shares of iRobot by 2,194.9% in the first quarter. CWM LLC now owns 11,314 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 10,821 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of iRobot by 7.9% in the first quarter. Bank of New York Mellon Corp now owns 133,088 shares of the industrial products company's stock valued at $359,000 after acquiring an additional 9,688 shares in the last quarter. Institutional investors own 77.42% of the company's stock.

iRobot Trading Down 5.6%

IRBT stock traded down $0.20 during midday trading on Friday, reaching $3.39. 1,483,190 shares of the company traded hands, compared to its average volume of 1,276,283. iRobot Corporation has a 52-week low of $1.76 and a 52-week high of $13.06. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.34 and a current ratio of 0.54. The business has a 50 day moving average of $3.87 and a 200-day moving average of $3.90. The firm has a market capitalization of $106.34 million, a price-to-earnings ratio of -0.54 and a beta of 0.90.

iRobot (NASDAQ:IRBT - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The industrial products company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.91) by $0.64. iRobot had a negative return on equity of 296.63% and a negative net margin of 32.55%.The company had revenue of $127.60 million for the quarter, compared to analysts' expectations of $125.00 million. As a group, sell-side analysts expect that iRobot Corporation will post -5.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC restated a "hold" rating on shares of iRobot in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold".

iRobot Company 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.