GABELLI & Co INVESTMENT ADVISERS INC. Takes Position in iRobot Co. (NASDAQ:IRBT)

GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in iRobot Co. (NASDAQ:IRBT) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 75,500 shares of the industrial products company’s stock, valued at approximately $585,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jump Financial LLC boosted its position in shares of iRobot by 38.1% in the 4th quarter. Jump Financial LLC now owns 144,770 shares of the industrial products company’s stock worth $1,122,000 after purchasing an additional 39,970 shares in the last quarter. XTX Topco Ltd purchased a new position in iRobot during the fourth quarter valued at $410,000. Barclays PLC boosted its holdings in iRobot by 20.6% in the fourth quarter. Barclays PLC now owns 45,057 shares of the industrial products company’s stock worth $349,000 after acquiring an additional 7,688 shares in the last quarter. Quinn Opportunity Partners LLC purchased a new stake in shares of iRobot in the fourth quarter worth $363,000. Finally, Renaissance Technologies LLC increased its holdings in shares of iRobot by 44.8% during the fourth quarter. Renaissance Technologies LLC now owns 575,176 shares of the industrial products company’s stock valued at $4,458,000 after acquiring an additional 177,876 shares in the last quarter. Hedge funds and other institutional investors own 77.42% of the company’s stock.

iRobot Stock Down 4.7 %

iRobot stock opened at $1.83 on Wednesday. The firm has a market cap of $56.76 million, a price-to-earnings ratio of -0.40 and a beta of 1.14. The company has a current ratio of 1.45, a quick ratio of 0.94 and a debt-to-equity ratio of 1.24. iRobot Co. has a 12 month low of $1.71 and a 12 month high of $14.51. The stock has a fifty day simple moving average of $5.23 and a two-hundred day simple moving average of $7.18.

Analyst Ratings Changes

A number of brokerages recently issued reports on IRBT. StockNews.com cut shares of iRobot from a “hold” rating to a “sell” rating in a research note on Saturday, March 29th. Needham & Company LLC reiterated a “hold” rating on shares of iRobot in a report on Thursday, March 13th.

iRobot 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.