iRobot Co. (NASDAQ:IRBT) Shares Sold by XTX Topco Ltd

XTX Topco Ltd lowered its stake in iRobot Co. (NASDAQ:IRBT) by 74.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,151 shares of the industrial products company’s stock after selling 28,933 shares during the quarter. XTX Topco Ltd’s holdings in iRobot were worth $92,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System boosted its holdings 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 valued at $79,000 after acquiring an additional 1,130 shares in the last quarter. CWM LLC raised its holdings in iRobot by 474.6% during the second quarter. CWM LLC now owns 2,758 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 2,278 shares in the last quarter. Swiss National Bank lifted its position in iRobot by 6.0% in the first quarter. Swiss National Bank now owns 55,000 shares of the industrial products company’s stock worth $482,000 after purchasing an additional 3,100 shares during the period. Bank of New York Mellon Corp boosted its stake in iRobot by 2.5% during the 2nd 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 purchasing an additional 3,956 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of iRobot by 1,167.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,653 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 4,286 shares during the period. Institutional investors own 77.42% of the company’s stock.

iRobot Trading Down 6.4 %

iRobot stock opened at $8.13 on Wednesday. The firm has a market cap of $233.79 million, a price-to-earnings ratio of -1.05 and a beta of 0.84. iRobot Co. has a 1 year low of $5.83 and a 1 year high of $42.14. The firm’s 50 day moving average price is $8.26 and its two-hundred day moving average price is $8.90. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.53.

iRobot (NASDAQ:IRBT) last announced 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). iRobot had a negative return on equity of 128.49% and a negative net margin of 25.29%. The company had revenue of $166.40 million for the quarter, compared to analyst estimates of $168.73 million. During the same period last year, the firm earned ($1.73) earnings per share. The firm’s revenue for the quarter was down 29.7% on a year-over-year basis. On average, research analysts predict that iRobot Co. will post -4.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Needham & Company LLC restated a “hold” rating on shares of iRobot in a report on Thursday, August 8th. StockNews.com downgraded shares of iRobot from a “hold” rating to a “sell” rating in a report on Tuesday, September 24th.

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.