iRobot Corporation $IRBT Stock Position Lifted by Graham Capital Management L.P.

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

Several other institutional investors have also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its stake in iRobot by 32.7% during the 4th quarter. Wells Fargo & Company MN now owns 18,448 shares of the industrial products company's stock valued at $143,000 after acquiring an additional 4,543 shares during the last quarter. Barclays PLC lifted its position in shares of iRobot by 20.6% during the fourth 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 during the last quarter. Dimensional Fund Advisors LP grew its stake in iRobot by 4.5% in the fourth 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. Price T Rowe Associates Inc. MD increased its holdings in iRobot by 29.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 55,945 shares of the industrial products company's stock valued at $434,000 after buying an additional 12,786 shares during the last quarter. Finally, Northern Trust Corp raised its stake in iRobot by 9.0% during the fourth quarter. Northern Trust Corp now owns 270,969 shares of the industrial products company's stock valued at $2,100,000 after buying an additional 22,486 shares in the last quarter. 77.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on IRBT. Wall Street Zen upgraded iRobot from a "sell" rating to a "hold" rating in a research report on Friday. Needham & Company LLC reaffirmed a "hold" rating on shares of iRobot in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of "Hold".

iRobot Stock Performance

Shares of NASDAQ IRBT traded up $0.10 during mid-day trading on Friday, hitting $3.24. The company had a trading volume of 792,706 shares, compared to its average volume of 1,205,095. iRobot Corporation has a 12 month low of $1.76 and a 12 month high of $13.06. The stock has a market cap of $101.64 million, a price-to-earnings ratio of -0.52 and a beta of 0.90. The company has a debt-to-equity ratio of 3.28, a current ratio of 0.54 and a quick ratio of 0.34. The firm's 50 day simple moving average is $3.88 and its two-hundred day simple moving average is $3.64.

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

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.