KG&L Capital Management LLC Takes Position in iRobot Co. (NASDAQ:IRBT)

KG&L Capital Management LLC acquired a new position in iRobot Co. (NASDAQ:IRBT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,501 shares of the industrial products company’s stock, valued at approximately $109,000.

Several other large investors also recently added to or reduced their stakes in IRBT. CWM LLC boosted its position in iRobot by 474.6% during the second quarter. CWM LLC now owns 2,758 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 2,278 shares during the period. nVerses Capital LLC bought a new position in shares of iRobot in the third quarter worth $39,000. Nisa Investment Advisors LLC grew its position in shares of iRobot by 1,167.8% in the second quarter. Nisa Investment Advisors LLC now owns 4,653 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 4,286 shares in the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of iRobot during the 2nd quarter valued at $61,000. Finally, Sunbelt Securities Inc. lifted its holdings in iRobot by 72.6% during the 2nd quarter. Sunbelt Securities Inc. now owns 7,550 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 3,175 shares in the last quarter. Hedge funds and other institutional investors own 77.42% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. StockNews.com cut shares of iRobot from a “hold” rating to a “sell” rating in a research note on Sunday, October 27th. Needham & Company LLC reissued a “hold” rating on shares of iRobot in a research note on Thursday, August 8th.

iRobot Stock Down 1.7 %

IRBT stock opened at $9.39 on Tuesday. The company’s 50 day moving average is $7.81 and its 200 day moving average is $8.88. The stock has a market cap of $283.87 million, a price-to-earnings ratio of -1.30 and a beta of 0.86. The company has a current ratio of 1.53, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16. iRobot Co. has a 1-year low of $5.83 and a 1-year high of $42.14.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings data on Tuesday, August 6th. The industrial products company reported ($1.96) earnings per share for the quarter, missing the consensus estimate of ($1.77) by ($0.19). The company had revenue of $166.40 million for the quarter, compared to analysts’ expectations of $168.73 million. iRobot had a negative net margin of 25.29% and a negative return on equity of 128.49%. The business’s quarterly revenue was down 29.7% compared to the same quarter last year. During the same quarter last year, the business posted ($1.73) EPS. Sell-side analysts predict that iRobot Co. will post -4.43 EPS for the current fiscal year.

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.