Riverhead Capital Management LLC Boosts Stake in iRobot Co. (NASDAQ:IRBT)

Riverhead Capital Management LLC raised its position in shares of iRobot Co. (NASDAQ:IRBT) by 7.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,935 shares of the industrial products company’s stock after acquiring an additional 200 shares during the period. Riverhead Capital Management LLC’s holdings in iRobot were worth $269,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Coastal Capital Group Inc. purchased a new stake in iRobot during the second quarter valued at about $28,000. Patriot Financial Group Insurance Agency LLC grew its position in iRobot by 85.1% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 435 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 200 shares during the period. Lakeview Capital Partners LLC purchased a new stake in iRobot during the first quarter valued at about $202,000. First Republic Investment Management Inc. purchased a new stake in iRobot during the first quarter valued at about $223,000. Finally, Advisory Services Network LLC grew its position in iRobot by 97.2% during the first quarter. Advisory Services Network LLC now owns 2,069 shares of the industrial products company’s stock valued at $244,000 after acquiring an additional 1,020 shares during the period.

In other iRobot news, EVP Russell J. Campanello sold 11,159 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $95.00, for a total transaction of $1,060,105.00. Following the sale, the executive vice president now owns 28,791 shares in the company, valued at $2,735,145. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mohamad Ali sold 780 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $61.11, for a total value of $47,665.80. Following the sale, the director now owns 12,634 shares in the company, valued at approximately $772,063.74. The disclosure for this sale can be found here. Insiders have sold 12,109 shares of company stock worth $1,123,098 in the last 90 days. 3.01% of the stock is currently owned by insiders.



IRBT has been the topic of a number of recent research reports. ValuEngine cut iRobot from a “hold” rating to a “sell” rating in a research note on Friday, July 26th. Northland Securities restated a “buy” rating and set a $105.00 price objective on shares of iRobot in a research note on Thursday, July 25th. Canaccord Genuity reduced their price objective on iRobot from $114.00 to $75.00 and set a “hold” rating on the stock in a research note on Thursday, July 25th. Sidoti upgraded iRobot from a “neutral” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Thursday, August 29th. Finally, Dougherty & Co restated a “neutral” rating on shares of iRobot in a research note on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $94.36.

Shares of NASDAQ:IRBT traded down $2.36 during trading on Friday, hitting $63.30. The company’s stock had a trading volume of 22,923 shares, compared to its average volume of 801,929. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.90 and a current ratio of 3.15. iRobot Co. has a fifty-two week low of $58.90 and a fifty-two week high of $132.88. The stock’s 50-day moving average price is $66.30 and its two-hundred day moving average price is $95.33. The company has a market capitalization of $1.82 billion, a PE ratio of 14.73, a PEG ratio of 1.56 and a beta of 1.61.

iRobot (NASDAQ:IRBT) last released its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.22. iRobot had a return on equity of 16.06% and a net margin of 7.57%. The business had revenue of $260.17 million for the quarter, compared to analysts’ expectations of $267.96 million. During the same quarter in the previous year, the firm posted $0.37 earnings per share. The company’s revenue was up 15.0% compared to the same quarter last year. On average, equities analysts predict that iRobot Co. will post 2.73 earnings per share for the current fiscal year.

iRobot Company Profile

iRobot Corporation designs, builds, and sells robots for the consumer market worldwide. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Mirra Pool Cleaning Robot to clean residential pools and removes debris as small as two microns from pool floors, walls, and stairs.

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Institutional Ownership by Quarter for iRobot (NASDAQ:IRBT)

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