iRobot Co. (NASDAQ:IRBT) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA cut its holdings in shares of iRobot Co. (NASDAQ:IRBT) by 79.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 303,900 shares of the industrial products company’s stock after selling 1,144,263 shares during the period. Primecap Management Co. CA owned about 0.99% of iRobot worth $2,355,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of IRBT. JPMorgan Chase & Co. grew its stake in iRobot by 2,712.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 400,427 shares of the industrial products company’s stock valued at $3,480,000 after purchasing an additional 386,189 shares in the last quarter. Verition Fund Management LLC acquired a new stake in shares of iRobot during the third quarter worth approximately $1,556,000. Public Employees Retirement System of Ohio increased its stake in shares of iRobot by 128.9% in the third quarter. Public Employees Retirement System of Ohio now owns 70,979 shares of the industrial products company’s stock worth $617,000 after buying an additional 39,977 shares during the last quarter. Private Advisor Group LLC raised its holdings in iRobot by 50.8% in the fourth quarter. Private Advisor Group LLC now owns 110,955 shares of the industrial products company’s stock valued at $860,000 after acquiring an additional 37,358 shares in the last quarter. Finally, Barclays PLC boosted its stake in iRobot by 250.1% during the 3rd quarter. Barclays PLC now owns 37,369 shares of the industrial products company’s stock valued at $325,000 after acquiring an additional 26,694 shares during the last quarter. 77.42% of the stock is owned by hedge funds and other institutional investors.

iRobot Stock Performance

Shares of IRBT opened at $3.41 on Thursday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.45 and a quick ratio of 0.94. iRobot Co. has a 12-month low of $2.99 and a 12-month high of $14.51. The business’s fifty day moving average price is $7.67 and its 200 day moving average price is $7.86. The stock has a market capitalization of $104.44 million, a PE ratio of -0.74 and a beta of 0.87.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Needham & Company LLC reissued a “hold” rating on shares of iRobot in a research report on Thursday, March 13th. StockNews.com raised iRobot from a “sell” rating to a “hold” rating in a report on Monday.

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.