Louisiana State Employees Retirement System Takes $538,000 Position in iRobot Co. (NASDAQ:IRBT)

Louisiana State Employees Retirement System bought a new stake in shares of iRobot Co. (NASDAQ:IRBT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 13,900 shares of the industrial products company’s stock, valued at approximately $538,000.

Other institutional investors have also bought and sold shares of the company. Segantii Capital Management Ltd purchased a new stake in iRobot in the 3rd quarter valued at about $17,055,000. Hudson Bay Capital Management LP bought a new position in shares of iRobot in the third quarter valued at approximately $2,509,000. One Fin Capital Management LP increased its position in shares of iRobot by 21.9% during the third quarter. One Fin Capital Management LP now owns 362,000 shares of the industrial products company’s stock valued at $13,720,000 after acquiring an additional 65,000 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in iRobot by 248.2% during the third quarter. Qube Research & Technologies Ltd now owns 61,836 shares of the industrial products company’s stock worth $2,344,000 after acquiring an additional 44,075 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in iRobot by 10.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 452,020 shares of the industrial products company’s stock worth $17,132,000 after purchasing an additional 40,943 shares during the last quarter. Institutional investors own 77.42% of the company’s stock.

iRobot Price Performance

iRobot stock opened at $8.46 on Tuesday. The business’s 50 day simple moving average is $9.22 and its 200 day simple moving average is $22.63. iRobot Co. has a 12 month low of $6.48 and a 12 month high of $51.49. The company has a market cap of $240.60 million, a price-to-earnings ratio of -0.77 and a beta of 0.91. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 1.03.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings results on Monday, February 26th. The industrial products company reported ($2.18) earnings per share for the quarter. iRobot had a negative return on equity of 84.78% and a negative net margin of 34.22%. The firm had revenue of $307.54 million for the quarter. Sell-side analysts forecast that iRobot Co. will post -4.95 EPS for the current year.

Insiders Place Their Bets

In other news, Director Colin M. Angle sold 179,503 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $11.46, for a total value of $2,057,104.38. Following the sale, the director now owns 14,797 shares of the company’s stock, valued at $169,573.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on IRBT. Citigroup decreased their target price on iRobot from $14.00 to $13.00 and set a “neutral” rating for the company in a research report on Monday, March 4th. StockNews.com raised shares of iRobot from a “sell” rating to a “hold” rating in a research report on Friday, January 12th.

About iRobot

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.