Jacobs Levy Equity Management Inc. Grows Position in iRobot Co. (NASDAQ:IRBT)

Jacobs Levy Equity Management Inc. raised its stake in iRobot Co. (NASDAQ:IRBT - Free Report) by 16.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 840,874 shares of the industrial products company's stock after acquiring an additional 120,234 shares during the period. Jacobs Levy Equity Management Inc. owned about 2.75% of iRobot worth $6,517,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new stake in shares of iRobot during the fourth quarter worth about $59,000. SG Americas Securities LLC bought a new position in shares of iRobot in the 4th quarter valued at $97,000. Quarry LP increased its position in iRobot by 2,040.4% during the 4th quarter. Quarry LP now owns 13,934 shares of the industrial products company's stock valued at $108,000 after purchasing an additional 13,283 shares during the period. Intech Investment Management LLC acquired a new position in iRobot in the fourth quarter valued at approximately $108,000. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of iRobot by 28.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 15,595 shares of the industrial products company's stock valued at $121,000 after acquiring an additional 3,448 shares in the last quarter. 77.42% of the stock is currently owned by institutional investors.

iRobot Stock Up 8.3%

Shares of IRBT traded up $0.23 on Friday, reaching $3.00. The stock had a trading volume of 1,352,817 shares, compared to its average volume of 1,510,293. The company has a 50-day simple moving average of $2.61 and a 200-day simple moving average of $6.24. The firm has a market capitalization of $93.32 million, a price-to-earnings ratio of -0.65 and a beta of 0.80. iRobot Co. has a 12-month low of $1.76 and a 12-month high of $13.45. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.94 and a current ratio of 1.45.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on IRBT shares. Needham & Company LLC reissued a "hold" rating on shares of iRobot in a research report on Thursday, March 13th. StockNews.com lowered iRobot from a "hold" rating to a "sell" rating in a research report on Saturday, March 29th.

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.