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

by · The Markets Daily

Jacobs Levy Equity Management Inc. increased its position in shares of iRobot Co. (NASDAQ:IRBT – Free Report) by 16.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 840,874 shares of the industrial products company’s stock after buying an additional 120,234 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in iRobot were worth $6,517,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Focus Partners Wealth grew its stake in iRobot by 2.9% during the 4th quarter. Focus Partners Wealth now owns 62,071 shares of the industrial products company’s stock worth $481,000 after buying an additional 1,771 shares during the last quarter. Corton Capital Inc. grew its stake in iRobot by 4.1% during the 4th quarter. Corton Capital Inc. now owns 67,714 shares of the industrial products company’s stock worth $525,000 after buying an additional 2,685 shares during the last quarter. Northern Trust Corp grew its stake in iRobot by 9.0% during the 4th quarter. Northern Trust Corp now owns 270,969 shares of the industrial products company’s stock worth $2,100,000 after buying an additional 22,486 shares during the last quarter. Quarry LP grew its stake in iRobot by 2,040.4% during the 4th quarter. Quarry LP now owns 13,934 shares of the industrial products company’s stock worth $108,000 after buying an additional 13,283 shares during the last quarter. Finally, Boothbay Fund Management LLC purchased a new position in iRobot during the 4th quarter worth approximately $135,000. Hedge funds and other institutional investors own 77.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on IRBT shares. Needham & Company LLC reiterated a “hold” rating on shares of iRobot in a research note on Thursday, March 13th. StockNews.com downgraded iRobot from a “hold” rating to a “sell” rating in a research note on Saturday, March 29th.

Get Our Latest Research Report on IRBT

iRobot Trading Down 0.4%

Shares of IRBT stock opened at $2.79 on Wednesday. The business’s 50 day moving average is $2.83 and its two-hundred day moving average is $6.36. iRobot Co. has a twelve month low of $1.76 and a twelve month high of $14.51. The company has a market capitalization of $86.78 million, a P/E ratio of -0.61 and a beta of 0.80. The company has a current ratio of 1.45, a quick ratio of 0.94 and a debt-to-equity ratio of 1.24.

iRobot Profile

(Free Report)

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.

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