Cubist Systematic Strategies LLC Lowers Holdings in iRobot Co. (IRBT)
Cubist Systematic Strategies LLC lowered its holdings in shares of iRobot Co. (NASDAQ:IRBT) by 88.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,141 shares of the industrial products company’s stock after selling 25,122 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in iRobot were worth $242,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the business. Point72 Asset Management L.P. bought a new position in iRobot during the third quarter valued at $2,582,000. Vident Investment Advisory LLC lifted its position in iRobot by 53.3% during the third quarter. Vident Investment Advisory LLC now owns 233,444 shares of the industrial products company’s stock valued at $17,989,000 after purchasing an additional 81,207 shares during the last quarter. Stifel Financial Corp lifted its position in iRobot by 1.9% during the third quarter. Stifel Financial Corp now owns 54,105 shares of the industrial products company’s stock valued at $4,169,000 after purchasing an additional 983 shares during the last quarter. Commerzbank Aktiengesellschaft FI bought a new position in iRobot during the third quarter valued at $1,612,000. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of iRobot by 9.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 137,443 shares of the industrial products company’s stock worth $10,592,000 after acquiring an additional 11,903 shares during the last quarter. Institutional investors and hedge funds own 82.16% of the company’s stock.
In related news, CEO Colin M. Angle sold 45,200 shares of iRobot stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $80.06, for a total transaction of $3,618,712.00. Following the completion of the sale, the chief executive officer now owns 534,663 shares in the company, valued at approximately $42,805,119.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andrew Miller sold 441 shares of iRobot stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $80.11, for a total transaction of $35,328.51. Following the sale, the director now owns 4,670 shares of the company’s stock, valued at approximately $374,113.70. The disclosure for this sale can be found here. Company insiders own 4.49% of the company’s stock.
Several equities research analysts have recently issued reports on the stock. Needham & Company LLC restated a “hold” rating on shares of iRobot in a report on Thursday, October 26th. BidaskClub upgraded shares of iRobot from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 27th. Zacks Investment Research upgraded shares of iRobot from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a report on Tuesday, October 17th. Dougherty & Co restated a “neutral” rating on shares of iRobot in a report on Thursday, October 26th. Finally, Citigroup assumed coverage on shares of iRobot in a report on Monday, December 4th. They issued a “neutral” rating and a $74.00 target price for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $70.75.
Shares of iRobot Co. (IRBT) opened at $81.78 on Tuesday. The stock has a market cap of $2,260.00, a PE ratio of 38.76, a PEG ratio of 1.50 and a beta of 0.99. iRobot Co. has a twelve month low of $52.12 and a twelve month high of $109.78.
iRobot (NASDAQ:IRBT) last released its earnings results on Tuesday, October 24th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.16. The firm had revenue of $205.40 million during the quarter, compared to analyst estimates of $204.52 million. iRobot had a net margin of 7.80% and a return on equity of 12.79%. The business’s revenue was up 21.8% on a year-over-year basis. During the same quarter last year, the business earned $0.70 EPS. equities analysts forecast that iRobot Co. will post 1.85 earnings per share for the current year.
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iRobot Corporation is a consumer robot company, which is engaged in designing and building robots. The Company’s portfolio of solutions features various technologies for the connected home and various concepts in mapping, navigation, mobility and artificial intelligence. The Company sells various products that are designed for use at home.
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