Squarepoint Ops LLC Takes $832,000 Position in iRobot Co. (NASDAQ:IRBT)

Squarepoint Ops LLC bought a new stake in iRobot Co. (NASDAQ:IRBT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 107,369 shares of the industrial products company's stock, valued at approximately $832,000. Squarepoint Ops LLC owned 0.35% of iRobot at the end of the most recent quarter.

Several other large investors have also modified their holdings of IRBT. Federated Hermes Inc. increased its stake in iRobot by 41.8% in the 4th quarter. Federated Hermes Inc. now owns 1,003,473 shares of the industrial products company's stock valued at $7,777,000 after buying an additional 295,997 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in shares of 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 valued at $6,517,000 after acquiring an additional 120,234 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of iRobot by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 701,173 shares of the industrial products company's stock valued at $5,435,000 after acquiring an additional 24,701 shares in the last quarter. Two Sigma Investments LP increased its stake in shares of iRobot by 32.4% during the fourth quarter. Two Sigma Investments LP now owns 655,881 shares of the industrial products company's stock worth $5,083,000 after acquiring an additional 160,343 shares during the period. Finally, Two Sigma Advisers LP raised its holdings in iRobot by 17.3% during the fourth quarter. Two Sigma Advisers LP now owns 578,100 shares of the industrial products company's stock worth $4,480,000 after purchasing an additional 85,200 shares in the last quarter. Hedge funds and other institutional investors own 77.42% of the company's stock.

Analyst Upgrades and Downgrades

IRBT has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of iRobot from a "hold" rating to a "sell" rating in a research report on Saturday, March 29th. Needham & Company LLC reissued a "hold" rating on shares of iRobot in a report on Thursday, March 13th.

iRobot Price Performance

iRobot stock traded up $0.17 during midday trading on Tuesday, reaching $3.25. The company's stock had a trading volume of 2,347,188 shares, compared to its average volume of 1,648,070. The firm has a market capitalization of $101.09 million, a PE ratio of -0.71 and a beta of 0.80. iRobot Co. has a fifty-two week low of $1.76 and a fifty-two week high of $13.45. The stock's 50 day simple moving average is $2.50 and its 200 day simple moving average is $5.87. 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 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.