iRobot Co. (NASDAQ:IRBT) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its position in iRobot Co. (NASDAQ:IRBT – Get Rating) by 50.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 117,200 shares of the industrial products company’s stock after purchasing an additional 39,500 shares during the period. Renaissance Technologies LLC owned approximately 0.43% of iRobot worth $6,602,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new stake in iRobot in the third quarter worth approximately $120,000. Boothbay Fund Management LLC acquired a new stake in iRobot in the third quarter worth approximately $629,000. Ergoteles LLC acquired a new stake in iRobot in the third quarter worth approximately $7,838,000. Water Island Capital LLC acquired a new stake in iRobot in the third quarter worth approximately $35,432,000. Finally, Hsbc Holdings PLC lifted its position in iRobot by 2,174.3% in the third quarter. Hsbc Holdings PLC now owns 252,314 shares of the industrial products company’s stock worth $14,251,000 after purchasing an additional 241,220 shares during the period. 84.03% of the stock is currently owned by institutional investors and hedge funds.

iRobot Stock Performance

Shares of NASDAQ:IRBT opened at $43.89 on Friday. The company has a market capitalization of $1.20 billion, a PE ratio of -4.18 and a beta of 1.09. The stock has a fifty day moving average of $44.61 and a 200-day moving average of $51.14. iRobot Co. has a one year low of $35.41 and a one year high of $69.55.

iRobot (NASDAQ:IRBT – Get Rating) last released its quarterly earnings results on Monday, February 13th. The industrial products company reported ($1.52) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($1.56). The company had revenue of $357.90 million during the quarter, compared to analyst estimates of $379.14 million. iRobot had a negative net margin of 24.19% and a negative return on equity of 24.59%. The company’s revenue for the quarter was down 21.4% compared to the same quarter last year. During the same quarter last year, the business earned ($1.21) EPS. As a group, research analysts forecast that iRobot Co. will post -1.57 EPS for the current fiscal year.

iRobot Company Profile

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iRobot Corp. is a robot company, which engages in designing and building robots. Its products include robot vacuums and maps, and pool cleaners. The company was founded by Rodney Allen Brooks, Colin M. Angle and Helen Greiner in August 1990 and is headquartered in Bedford, MA.