Ameriprise Financial Inc. decreased its holdings in iRobot Co. (NASDAQ:IRBT - Free Report) by 74.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 671,273 shares of the industrial products company's stock after selling 1,917,298 shares during the period. Ameriprise Financial Inc. owned approximately 2.20% of iRobot worth $5,202,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in iRobot in the 4th quarter valued at about $59,000. SG Americas Securities LLC acquired a new stake in iRobot in the 4th quarter valued at about $97,000. Intech Investment Management LLC acquired a new stake in iRobot in the 4th quarter valued at about $108,000. Quarry LP raised its holdings in iRobot by 2,040.4% in the 4th quarter. Quarry LP now owns 13,934 shares of the industrial products company's stock valued at $108,000 after acquiring an additional 13,283 shares during the last quarter. Finally, Boothbay Fund Management LLC acquired a new stake in iRobot in the 4th quarter valued at about $135,000. Institutional investors and hedge funds own 77.42% of the company's stock.
iRobot Trading Down 7.4%
Shares of NASDAQ IRBT traded down $0.26 during midday trading on Thursday, reaching $3.25. 5,373,077 shares of the stock were exchanged, compared to its average volume of 1,638,639. The company has a 50 day simple moving average of $2.51 and a 200 day simple moving average of $5.93. The stock has a market capitalization of $101.09 million, a P/E ratio of -0.71 and a beta of 0.80. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.94 and a current ratio of 1.45. iRobot Co. has a twelve month low of $1.76 and a twelve month high of $13.45.
Wall Street Analysts Forecast Growth
A number of analysts have commented on IRBT shares. Wall Street Zen downgraded shares of iRobot from a "hold" rating to a "sell" rating in a report on Saturday, March 29th. Needham & Company LLC restated a "hold" rating on shares of iRobot in a report on Thursday, March 13th.
Read Our Latest Research Report 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.
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