Public Employees Retirement System of Ohio Grows Stock Holdings in iRobot Corporation $IRBT

Public Employees Retirement System of Ohio increased its stake in shares of iRobot Corporation (NASDAQ:IRBT) by 1,240.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,032 shares of the industrial products company’s stock after buying an additional 51,851 shares during the period. Public Employees Retirement System of Ohio owned about 0.18% of iRobot worth $175,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in iRobot by 2,194.9% during the first quarter. CWM LLC now owns 11,314 shares of the industrial products company’s stock worth $31,000 after buying an additional 10,821 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in iRobot during the first quarter worth about $42,000. Strs Ohio purchased a new stake in iRobot during the first quarter worth about $59,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in iRobot during the first quarter worth about $69,000. Finally, NewEdge Advisors LLC boosted its holdings in iRobot by 31,130.0% during the first quarter. NewEdge Advisors LLC now owns 31,230 shares of the industrial products company’s stock worth $84,000 after buying an additional 31,130 shares in the last quarter. Hedge funds and other institutional investors own 77.42% of the company’s stock.

iRobot Price Performance

NASDAQ:IRBT opened at $4.56 on Tuesday. The firm has a 50 day simple moving average of $3.72 and a 200-day simple moving average of $3.31. The firm has a market cap of $143.05 million, a PE ratio of -0.73 and a beta of 0.95. iRobot Corporation has a 1-year low of $1.76 and a 1-year high of $13.06.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings data on Thursday, August 7th. The industrial products company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.91) by $0.64. The business had revenue of $127.60 million during the quarter, compared to analyst estimates of $125.00 million. iRobot had a negative net margin of 32.55% and a negative return on equity of 296.63%. As a group, sell-side analysts expect that iRobot Corporation will post -5.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Needham & Company LLC reissued a “hold” rating on shares of iRobot in a report on Thursday, August 14th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of iRobot in a report on Saturday, September 27th. Finally, Wall Street Zen downgraded shares of iRobot from a “hold” rating to a “sell” rating in a report on Friday. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, iRobot currently has an average rating of “Reduce”.

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.