Charles Schwab Investment Management Inc. Trims Stake in iRobot Co. (NASDAQ:IRBT)

Charles Schwab Investment Management Inc. trimmed its position in iRobot Co. (NASDAQ:IRBT) by 16.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 439,567 shares of the industrial products company’s stock after selling 88,735 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.44% of iRobot worth $3,820,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC raised its holdings in shares of iRobot by 474.6% in the second quarter. CWM LLC now owns 2,758 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 2,278 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of iRobot in the 3rd quarter valued at about $39,000. Nisa Investment Advisors LLC lifted its position in shares of iRobot by 1,167.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,653 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 4,286 shares during the period. Daiwa Securities Group Inc. bought a new position in shares of iRobot during the second quarter valued at approximately $61,000. Finally, Sunbelt Securities Inc. increased its holdings in iRobot by 72.6% during the second quarter. Sunbelt Securities Inc. now owns 7,550 shares of the industrial products company’s stock valued at $69,000 after buying an additional 3,175 shares during the period. Institutional investors own 77.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on IRBT. Needham & Company LLC reaffirmed a “hold” rating on shares of iRobot in a research report on Thursday, November 7th. StockNews.com downgraded iRobot from a “hold” rating to a “sell” rating in a research report on Sunday, October 27th.

iRobot Price Performance

Shares of IRBT opened at $8.75 on Friday. The company has a 50 day moving average of $7.98 and a two-hundred day moving average of $8.51. The company has a quick ratio of 0.94, a current ratio of 1.45 and a debt-to-equity ratio of 1.24. iRobot Co. has a twelve month low of $5.83 and a twelve month high of $39.44. The company has a market cap of $267.40 million, a price-to-earnings ratio of -1.90 and a beta of 0.83.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09. iRobot had a negative return on equity of 100.79% and a negative net margin of 16.15%. The firm had revenue of $193.40 million during the quarter, compared to analysts’ expectations of $218.41 million. During the same quarter last year, the firm earned ($3.09) EPS. The business’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, analysts predict that iRobot Co. will post -5.74 earnings per share for the current fiscal 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.