Acadian Asset Management LLC Buys New Shares in iRobot Co. (NASDAQ:IRBT)

Acadian Asset Management LLC purchased a new stake in shares of iRobot Co. (NASDAQ:IRBT) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 58,168 shares of the industrial products company’s stock, valued at approximately $529,000. Acadian Asset Management LLC owned 0.20% of iRobot as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System lifted its position in iRobot by 14.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 9,000 shares of the industrial products company’s stock worth $79,000 after purchasing an additional 1,130 shares during the period. Olympiad Research LP raised its stake in shares of iRobot by 11.4% in the 4th quarter. Olympiad Research LP now owns 19,544 shares of the industrial products company’s stock valued at $756,000 after buying an additional 2,000 shares in the last quarter. CWM LLC lifted its holdings in shares of iRobot by 474.6% during the 2nd quarter. CWM LLC now owns 2,758 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 2,278 shares during the period. Swiss National Bank boosted its position in shares of iRobot by 6.0% during the 1st quarter. Swiss National Bank now owns 55,000 shares of the industrial products company’s stock valued at $482,000 after acquiring an additional 3,100 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in iRobot by 2.5% in the second quarter. Bank of New York Mellon Corp now owns 163,670 shares of the industrial products company’s stock valued at $1,491,000 after acquiring an additional 3,956 shares during the period. 77.42% of the stock is currently owned by institutional investors.

iRobot Trading Down 2.2 %

Shares of iRobot stock opened at $7.19 on Thursday. The stock has a market capitalization of $206.76 million, a P/E ratio of -0.93 and a beta of 0.84. iRobot Co. has a 12-month low of $5.83 and a 12-month high of $42.14. The company has a quick ratio of 1.08, a current ratio of 1.53 and a debt-to-equity ratio of 1.16. The company has a 50-day simple moving average of $8.78 and a 200 day simple moving average of $9.06.

iRobot (NASDAQ:IRBT) last posted its earnings results on Tuesday, August 6th. The industrial products company reported ($1.96) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.77) by ($0.19). The firm had revenue of $166.40 million during the quarter, compared to the consensus estimate of $168.73 million. iRobot had a negative net margin of 25.29% and a negative return on equity of 128.49%. The business’s revenue was down 29.7% on a year-over-year basis. During the same quarter last year, the firm posted ($1.73) EPS. Research analysts expect that iRobot Co. will post -4.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on IRBT shares. Needham & Company LLC restated a “hold” rating on shares of iRobot in a research note on Thursday, August 8th. StockNews.com upgraded iRobot from a “sell” rating to a “hold” rating in a research report on Monday.

iRobot Company 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.