Graham Capital Management L.P. Acquires 183,401 Shares of iRobot Corporation $IRBT

Key Points

• Graham Capital Management L.P. increased its stake in iRobot Corporation by 162.6%, holding 296,205 shares valued at approximately $800,000 by the end of the last quarter.
• iRobot reported a quarterly earnings result of ($0.27) EPS, exceeding analysts' expectations of ($0.91) EPS, with a revenue of $127.60 million.
• The company currently has a market cap of $98.50 million and a consensus rating of "Hold" from analysts, with 77.42% of the stock owned by hedge funds and institutional investors.

Graham Capital Management L.P. increased its stake in iRobot Corporation (NASDAQ:IRBT - Free Report) by 162.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 296,205 shares of the industrial products company's stock after purchasing an additional 183,401 shares during the period. Graham Capital Management L.P. owned 0.95% of iRobot worth $800,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of IRBT. Private Advisor Group LLC boosted its position in iRobot by 317.2% in the 1st quarter. Private Advisor Group LLC now owns 462,880 shares of the industrial products company's stock valued at $1,250,000 after buying an additional 351,925 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of iRobot by 333.3% during the first quarter. Deutsche Bank AG now owns 305,679 shares of the industrial products company's stock valued at $825,000 after acquiring an additional 235,133 shares during the period. Two Sigma Investments LP boosted its holdings in iRobot by 32.4% in the fourth quarter. Two Sigma Investments LP now owns 655,881 shares of the industrial products company's stock valued at $5,083,000 after acquiring an additional 160,343 shares during the last quarter. XTX Topco Ltd increased its position in iRobot by 230.5% in the first quarter. XTX Topco Ltd now owns 174,650 shares of the industrial products company's stock worth $472,000 after purchasing an additional 121,799 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its position in iRobot by 16.7% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 840,874 shares of the industrial products company's stock worth $6,517,000 after purchasing an additional 120,234 shares during the period. Institutional investors and hedge funds own 77.42% of the company's stock.

iRobot Trading Up 0.6%

Shares of IRBT stock traded up $0.02 on Wednesday, reaching $3.41. The company had a trading volume of 562,063 shares, compared to its average volume of 1,136,849. The stock has a market cap of $106.97 million, a PE ratio of -0.55 and a beta of 0.90. The company has a 50-day moving average of $3.89 and a 200-day moving average of $3.55. The company has a current ratio of 0.54, a quick ratio of 0.34 and a debt-to-equity ratio of 3.28. iRobot Corporation has a 12 month low of $1.76 and a 12 month high of $13.06.

iRobot (NASDAQ:IRBT - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The industrial products company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.91) by $0.64. iRobot had a negative net margin of 32.55% and a negative return on equity of 296.63%. The firm had revenue of $127.60 million during the quarter, compared to analysts' expectations of $125.00 million. On average, equities analysts forecast that iRobot Corporation will post -5.74 earnings per share for the current year.

Wall Street Analyst Weigh In

IRBT has been the topic of a number of research reports. Needham & Company LLC restated a "hold" rating on shares of iRobot in a research report on Thursday, August 14th. Wall Street Zen raised shares of iRobot from a "sell" rating to a "hold" rating in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, iRobot currently has an average rating of "Hold".

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.