Capital Fund Management S.A. acquired a new position in shares of iRobot Corp. (NASDAQ:IRBT) during the second quarter, Holdings Channel reports. The institutional investor acquired 9,500 shares of the company’s stock, valued at approximately $333,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Bank of Montreal Can purchased a new position in shares of iRobot Corp. during the second quarter worth approximately $268,000. Daiwa Securities Group Inc. increased its position in shares of iRobot Corp. by 116.5% in the second quarter. Daiwa Securities Group Inc. now owns 19,700 shares of the company’s stock worth $691,000 after buying an additional 10,600 shares during the period. Old Mutual Global Investors UK Ltd. increased its position in shares of iRobot Corp. by 418.1% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 41,696 shares of the company’s stock worth $1,462,000 after buying an additional 33,648 shares during the period. First Quadrant L P CA purchased a new position in shares of iRobot Corp. during the second quarter worth approximately $674,000. Finally, First National Bank of Omaha purchased a new position in shares of iRobot Corp. during the second quarter worth approximately $517,000. 77.39% of the stock is owned by institutional investors.
Shares of iRobot Corp. (NASDAQ:IRBT) traded up 2.27% during mid-day trading on Friday, reaching $43.33. 344,229 shares of the company’s stock traded hands. iRobot Corp. has a 12-month low of $28.02 and a 12-month high of $45.01. The company has a market cap of $1.18 billion, a P/E ratio of 31.17 and a beta of 1.60. The firm has a 50-day moving average of $41.69 and a 200 day moving average of $38.26.
iRobot Corp. (NASDAQ:IRBT) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.07. iRobot Corp. had a net margin of 6.49% and a return on equity of 10.39%. The firm had revenue of $148.70 million for the quarter, compared to the consensus estimate of $148.10 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. The business’s revenue was down .1% on a year-over-year basis. Equities analysts forecast that iRobot Corp. will post $1.32 EPS for the current year.
A number of research analysts have recently commented on the stock. Needham & Company LLC reissued a “buy” rating and issued a $46.00 price objective (up previously from $42.00) on shares of iRobot Corp. in a research report on Friday, September 16th. Canaccord Genuity reissued a “buy” rating and issued a $45.00 price objective on shares of iRobot Corp. in a research report on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $38.14.
In other news, CFO Alison Dean sold 11,000 shares of the company’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $43.42, for a total value of $477,620.00. Following the completion of the sale, the chief financial officer now owns 84,045 shares in the company, valued at approximately $3,649,233.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Glen Daniel Weinstein sold 1,000 shares of the company’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $40.00, for a total transaction of $40,000.00. Following the completion of the sale, the executive vice president now owns 70,481 shares of the company’s stock, valued at approximately $2,819,240. The disclosure for this sale can be found here. Company insiders own 5.53% of the company’s stock.
iRobot Corp. Company Profile
iRobot Corporation is engaged in designing and building robots. The Company’s portfolio of solutions focus on technologies for the connected home and concepts in navigation, mobility, mapping and artificial intelligence. The Company operates through consumer robots segment. It designs robots for the consumer, telemedicine and mobile video collaboration markets.
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