Arete Wealth Advisors LLC Sells 25,685 Shares of iRobot Co. (NASDAQ:IRBT)

Arete Wealth Advisors LLC reduced its holdings in iRobot Co. (NASDAQ:IRBT) by 52.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,950 shares of the industrial products company’s stock after selling 25,685 shares during the quarter. Arete Wealth Advisors LLC’s holdings in iRobot were worth $199,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Verition Fund Management LLC bought a new position in shares of iRobot during the 3rd quarter worth about $1,556,000. AQR Capital Management LLC boosted its holdings in iRobot by 185.4% in the second quarter. AQR Capital Management LLC now owns 196,431 shares of the industrial products company’s stock worth $1,789,000 after acquiring an additional 127,602 shares in the last quarter. Private Advisor Group LLC grew its stake in iRobot by 234.2% in the third quarter. Private Advisor Group LLC now owns 73,597 shares of the industrial products company’s stock valued at $640,000 after acquiring an additional 51,575 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of iRobot by 1,167.8% during the second quarter. Nisa Investment Advisors LLC now owns 4,653 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 4,286 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of iRobot during the second quarter worth approximately $529,000. 77.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IRBT has been the subject of several research reports. StockNews.com downgraded shares of iRobot from a “hold” rating to a “sell” rating in a research report on Sunday, October 27th. Needham & Company LLC reissued a “hold” rating on shares of iRobot in a research report on Thursday, November 7th.

iRobot Trading Down 1.8 %

Shares of iRobot stock opened at $8.75 on Friday. The company has a market capitalization of $267.40 million, a P/E ratio of -1.90 and a beta of 0.83. The stock has a fifty day simple moving average of $7.98 and a 200 day simple moving average of $8.51. iRobot Co. has a 12-month low of $5.83 and a 12-month high of $39.44. The company has a current ratio of 1.45, a quick ratio of 0.94 and a debt-to-equity ratio of 1.24.

iRobot (NASDAQ:IRBT) last announced its earnings results on Wednesday, November 6th. The industrial products company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.09. iRobot had a negative net margin of 16.15% and a negative return on equity of 100.79%. The company had revenue of $193.40 million during the quarter, compared to the consensus estimate of $218.41 million. During the same quarter in the prior year, the company posted ($3.09) earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, sell-side analysts anticipate that iRobot Co. will post -5.74 earnings per share for the current fiscal year.

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.