Ameriprise Financial Inc. Has $5.20 Million Stock Position in iRobot Co. (NASDAQ:IRBT)

Ameriprise Financial Inc. trimmed its holdings in iRobot Co. (NASDAQ:IRBT - Free Report) by 74.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 671,273 shares of the industrial products company's stock after selling 1,917,298 shares during the quarter. Ameriprise Financial Inc. owned about 2.20% of iRobot worth $5,202,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in iRobot in the 4th quarter valued at about $97,000. Private Advisor Group LLC lifted its stake in shares of iRobot by 50.8% in the 4th quarter. Private Advisor Group LLC now owns 110,955 shares of the industrial products company's stock worth $860,000 after acquiring an additional 37,358 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of iRobot in the fourth quarter valued at approximately $59,000. Amundi bought a new position in shares of iRobot in the fourth quarter valued at approximately $166,000. Finally, Marathon Trading Investment Management LLC increased its stake in shares of iRobot by 112.8% during the fourth quarter. Marathon Trading Investment Management LLC now owns 28,747 shares of the industrial products company's stock valued at $223,000 after acquiring an additional 15,241 shares during the period. 77.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wall Street Zen downgraded iRobot from a "hold" rating to a "sell" rating in a research report on Saturday, March 29th. Needham & Company LLC reaffirmed a "hold" rating on shares of iRobot in a research note on Thursday, March 13th.

iRobot Price Performance

Shares of NASDAQ IRBT traded up $1.40 during midday trading on Tuesday, reaching $3.98. The company's stock had a trading volume of 26,449,217 shares, compared to its average volume of 1,602,316. The company has a market cap of $123.80 million, a price-to-earnings ratio of -0.87 and a beta of 0.80. iRobot Co. has a one year low of $1.76 and a one year high of $13.45. 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 company has a 50 day moving average price of $2.49 and a 200 day moving average price of $5.98.

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.