According to the most recent SEC filing that Handelsbanken Fonder AB has made, the company increased its holdings of iRobot Company during the third quarter of 2018. (NASDAQ: IRBT). As a result, the corporation spent close to $262,000 on purchasing 4,658 shares in the industrial goods company. This action resulted in an expense for the corporation.
Several other institutional investors have recently been very active in the market, purchasing and selling IRBT shares. During the first three months of this year, Advisor Group Holdings Inc. increased the amount of iRobot stock owned by 10.2%, bringing its total ownership percentage to 45%. The industrial products company’s stock was increased by Advisor Group Holdings Inc. by a total of 3,811 shares over time, bringing the total number of shares owned by the company to 4,107. These shares are currently worth $260,000 at the current market price. The percentage of iRobot stock Cambridge Investment Research Advisors Inc. owned increased by 9.5% over the first three months of 2018. After making an additional purchase of 847 shares during the relevant period, Cambridge Investment Research Advisors Inc. has a total of 9,786 shares of stock in the industrial products company, which gives the stock a market value of $620,000. This is because the company has increased its purchase of shares during the relevant period. During the first three months of 2018, the Bank of Montreal increased the amount of iRobot stock owned by 3.2%, bringing its total ownership to 100%. Bank of Montreal now has a total of 7,600 shares in the industrial goods company after making an additional purchase of 235 shares during this period. These shares are currently worth $503,000 at the current market price. MetLife Investment Management LLC’s ownership stake in iRobot was increased by 54.6% during the first three months of 2018. The investment management firm MetLife Investment Management LLC currently possesses 13,739 shares of the industrial products company’s stock, which have a value of $871,000. This is because the company purchased 4,851 additional shares during the period above. In the first three months of this year, Rhumbline Advisers increased the amount of iRobot stock owned by 3.7%, making this the last and most important point. Rhumbline Advisers has 71,268 shares in the industrial products company after purchasing an additional 2,548 shares during the most recent quarter for a total holdings count of 71,268 shares. The value of these shares as of right now is $4,518,000 in total. The stock is owned by institutional investors 84.03 percent of the time.
In a separate development, on October 12th, the website StockNews.com started reporting on iRobot. They recommended “selling” the stock to prospective buyers. As a result, two analysts gave the stock their “sell” recommendation, while the remaining four maintained their “hold” recommendation for the stock. According to information obtained from Bloomberg.com, the consensus recommendation for the current price of iRobot’s stock is “Hold,” and the average price objective that analysts have set for the stock is $63.67.
When trading started on Friday, the IRBT share price was set at $48.29. iRobot Company’s stock hit a low of $35.41 during the past year, while it reached a high of $73.77 during the same period. The moving average for the stock over the past 50 days is $50.40, and the moving average for the past 200 days is $51.95, respectively. The price-to-earnings ratio and the beta value of the company’s stock are 1.20, and the ratio is -5.62. The value of the company’s stock on the market is approximately $1.32 billion.
iRobot (NASDAQ: IRBT) disclosed the most recent results in an announcement made on November 8th. The consumer goods manufacturer reported quarterly earnings per share of $2.08, which was $3.24 lower than the consensus projection of $1.16. iRobot’s return on equity was also negative, coming in at 19.73 percent, and the company’s net margin was negative. Additionally, the return on equity for the company was negative (18.24 percent). In contrast to the general average projection of $439.15 million, the company’s most recent quarter’s actual sales were $278.19 million. This was the company’s most recent reporting period. Most market analysts predict that iRobot Company will end the current fiscal year with a loss of $3.93 per share in revenue.
iRobot Corporation, which is in robotics and home innovation, operates in several countries worldwide, including the United States of America, Europe, the Middle East, Africa, and Japan. iRobot is in the business of bringing innovation to homes. Roomba floor vacuuming robots; the Braava family of automatic floor mopping robots; Roomba accessories and consumables such as the Clean Base automatic dirt disposal; replacement dirt disposal bags for the Clean Base; filters; and subscription services; Braava accessories and consumables such as cleaning solution; washable and disposable mopping pads; replacement tanks; and batteries; 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; and subscription services;
Conduct research into the investments held by the various other hedge funds that IRBT is owned by. If you go to HoldingsChannel.com, you will find the most recent information that iRobot Company has regarding insider trading and 13F filings (NASDAQ: IRBT).