SageView Advisory Group LLC Takes $218,000 Position in iRobot Co. (NASDAQ:IRBT)

SageView Advisory Group LLC acquired a new position in iRobot Co. (NASDAQ:IRBT) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 24,898 shares of the industrial products company’s stock, valued at approximately $218,000. SageView Advisory Group LLC owned 0.09% of iRobot as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IRBT. Vanguard Group Inc. grew its position in shares of iRobot by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 2,986,963 shares of the industrial products company’s stock valued at $115,595,000 after purchasing an additional 34,042 shares in the last quarter. Segantii Capital Management Ltd grew its position in shares of iRobot by 52.1% in the 4th quarter. Segantii Capital Management Ltd now owns 684,397 shares of the industrial products company’s stock worth $26,486,000 after buying an additional 234,397 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in iRobot by 9.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 495,151 shares of the industrial products company’s stock worth $19,162,000 after buying an additional 43,131 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of iRobot by 11.2% during the fourth quarter. Hsbc Holdings PLC now owns 329,872 shares of the industrial products company’s stock valued at $12,763,000 after purchasing an additional 33,356 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in iRobot by 0.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 314,696 shares of the industrial products company’s stock valued at $12,179,000 after acquiring an additional 2,735 shares during the period. 77.42% of the stock is currently owned by institutional investors.

iRobot Stock Up 0.5 %

IRBT traded up $0.05 during trading on Friday, hitting $10.41. 408,598 shares of the company’s stock traded hands, compared to its average volume of 2,256,243. iRobot Co. has a 12-month low of $6.48 and a 12-month high of $48.31. The company’s 50 day simple moving average is $9.75 and its two-hundred day simple moving average is $12.55. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $299.39 million, a price-to-earnings ratio of -1.31 and a beta of 0.89.

iRobot (NASDAQ:IRBT) last released its quarterly earnings data on Tuesday, May 7th. The industrial products company reported ($1.75) EPS for the quarter, beating the consensus estimate of ($2.39) by $0.64. The company had revenue of $150.01 million for the quarter, compared to analysts’ expectations of $139.45 million. iRobot had a negative return on equity of 99.56% and a negative net margin of 24.42%. Analysts predict that iRobot Co. will post -4.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC upgraded shares of iRobot to a “hold” rating in a research note on Thursday, May 9th.

iRobot 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.