iRobot Co. (NASDAQ:IRBT) Holdings Lowered by Marshall Wace LLP

Marshall Wace LLP trimmed its stake in shares of iRobot Co. (NASDAQ:IRBT) by 84.2% during the second quarter, Holdings Channel reports. The institutional investor owned 10,324 shares of the industrial products company’s stock after selling 55,181 shares during the period. Marshall Wace LLP’s holdings in iRobot were worth $94,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IRBT. CWM LLC raised its position 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 buying an additional 2,278 shares in the last quarter. Nisa Investment Advisors LLC grew its stake 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 last quarter. Daiwa Securities Group Inc. purchased a new position in shares of iRobot in the second quarter worth approximately $61,000. Allspring Global Investments Holdings LLC purchased a new position in shares of iRobot in the first quarter worth approximately $77,000. Finally, State Board of Administration of Florida Retirement System increased its position in shares of 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 acquiring an additional 1,130 shares in the last quarter. 77.42% of the stock is currently owned by institutional investors.

iRobot Price Performance

NASDAQ IRBT opened at $8.22 on Monday. 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 stock has a market capitalization of $236.38 million, a PE ratio of -1.06 and a beta of 0.85. The company has a 50 day moving average price of $7.73 and a two-hundred day moving average price of $8.89. iRobot Co. has a 12-month low of $5.83 and a 12-month high of $42.14.

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 business had revenue of $166.40 million during the quarter, compared to analyst estimates of $168.73 million. iRobot had a negative net margin of 25.29% and a negative return on equity of 128.49%. iRobot’s revenue was down 29.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.73) earnings per share. As a group, equities analysts predict that iRobot Co. will post -4.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on IRBT shares. Needham & Company LLC reaffirmed a “hold” rating on shares of iRobot in a research report on Thursday, August 8th. StockNews.com downgraded shares of iRobot from a “hold” rating to a “sell” rating in a research report on Friday.

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.