Bank of America Corp DE Sells 201,606 Shares of iRobot Co. (NASDAQ:IRBT)

Bank of America Corp DE lowered its stake in iRobot Co. (NASDAQ:IRBT - Free Report) by 37.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 329,728 shares of the industrial products company's stock after selling 201,606 shares during the quarter. Bank of America Corp DE owned approximately 1.08% of iRobot worth $2,555,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. LPL Financial LLC increased its stake in iRobot by 3.4% in the 4th quarter. LPL Financial LLC now owns 41,254 shares of the industrial products company's stock worth $320,000 after purchasing an additional 1,346 shares in the last quarter. Wells Fargo & Company MN increased its stake in iRobot by 32.7% in the 4th quarter. Wells Fargo & Company MN now owns 18,448 shares of the industrial products company's stock worth $143,000 after purchasing an additional 4,543 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in iRobot by 4.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 177,500 shares of the industrial products company's stock worth $1,376,000 after purchasing an additional 7,596 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in iRobot in the 4th quarter worth about $59,000. Finally, Barclays PLC increased its stake in iRobot by 20.6% in the 4th quarter. Barclays PLC now owns 45,057 shares of the industrial products company's stock worth $349,000 after purchasing an additional 7,688 shares in the last quarter. Hedge funds and other institutional investors own 77.42% of the company's stock.

iRobot Stock Up 0.3%

NASDAQ IRBT traded up $0.01 during trading on Thursday, reaching $3.35. 4,109,317 shares of the company's stock were exchanged, compared to its average volume of 1,658,679. iRobot Co. has a fifty-two week low of $1.76 and a fifty-two week high of $13.45. The firm has a market capitalization of $104.20 million, a PE ratio of -0.73 and a beta of 0.80. 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's fifty day simple moving average is $2.53 and its 200-day simple moving average is $5.81.

Wall Street Analyst Weigh In

A number of brokerages have commented on IRBT. Wall Street Zen lowered iRobot from a "hold" rating to a "sell" rating in a research report on Saturday, March 29th. Needham & Company LLC restated a "hold" rating on shares of iRobot in a research report on Thursday, March 13th.

About iRobot

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.