June 12, 2023 – GSA Capital Partners LLP has recently announced a significant decrease in its position in shares of iRobot Co. (NASDAQ:IRBT), marking a notable drop of 87.7% during the fourth quarter of the fiscal year. The institutional investor, which previously owned 39,530 shares of the industrial products company’s stock, has sold a total of 5,522 shares over the period. Currently, GSA Capital Partners LLP holds iRobot’s stocks worth $266,000 as per its latest filing with the Securities and Exchange Commission.
One might wonder what could have prompted such a drastic change in GSA Capital Partners LLP’s investment strategy. Perhaps it is due to the recent earnings results posted by iRobot on May 9th this year? The industrial products company had reported an unimpressive ($1.96) earnings per share for the quarter, missing analysts’ consensus estimates by ($0.40). This negative report comes alongside a shrinking return on equity of 33.78%, coupled with an equally dismal negative net margin of 32.04%. It is understandable that investors may be concerned about future projections based on these disappointing numbers.
The company also saw revenue totalling $160.29 million for that quarter alone compared to analyst estimates of $240.64 million – another cause for concern amongst investors who might have held high expectations for iRobot prior to this announcement.
With all these struggles at hand and looming questions concerning financial performance still unanswered, many industry-watchers are now turning their attention towards other hedge funds to gauge shifts in sentiment or market response towards IRBT stocks. If you’re curious about what other hedge funds are holding onto IRBT or insider trades surrounding this particular stock exchange offering (SEO), HoldingsChannel.com remains an invaluable resource for up-to-date information and insight into recent trends within this industry.
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iRobot Receives Major Investments from Institutional Investors and Hedge Funds despite Market Fluctuations
iRobot Corp., a renowned robot designing and manufacturing company, has undergone significant changes in the positions of its major investors. Institutional investors and hedge funds hold a whopping 84.03% of the company’s stock. Recent reports indicate that Capital Fund Management S.A. has enhanced its position in iRobot by 2.5% in the fourth quarter, owning 64,626 shares valued at $3,110,000 after purchasing an additional 1,562 shares recently. Taking advantage of iRobot’s high prospects for growth potential, Gabelli & Co Investment Advisors Inc purchased a new share position during the third quarter worth $2,940,000.
On the other hand, Versor Investments LP boosted its stake in iRobot incredibly (by 51.5%) during the fourth quarter; now holding roughly 587,421 shares worth $28,273,000 after buying an additional 199,768 shares in the last quarter. Similarly to Gabelli & Co Investment Advisors Inc., Boothbay Fund Management LLC purchased a new position during Q3 worth $629,000.
Recently Handelsbanken Fonder AB also raised its holdings in shares of iRobot by nearly 30%, thereby acquiring an additional 1,400 shares during this period leading to ownership totaling at over 6k shares valued at approximately $292k.
With such immense interest shown by investors and financial advisers alike as evidenced above with these major investments adding up to millions of dollars recently invested into iRobot stock alone and institutions/hedge funds still finding IRBT attractive despite recent decreases within the market regarding certain views on this corporation- owners of IRBT should feel hopeful about iRobot’s future growth perspectives.
At present IROBOT is trading upon Nasdaq under ticker symbol IRBT for $40.27/share with only marginal movement upwards thus far this week making it not much different than its average volume trade value which stands at about ~405,042 compared to Monday’s 51,025 shares. iRobot has traded anywhere between $31.37(low) to $60.24(high) within the span of a calendar year (a 52 week period). Another important metric to showcase might just be this machine learning using entity (python algorithm hybrid being employed): HoldingsChannel.com; which provides an analyst service through analyzing and breaking down hedge funds’ filings called “13F-filings”& Insider Trades in order to give an indication of other investors’ diversified portfolios too.
In conclusion, even with there being recent reporting from StockNews that wavers confidence towards iRobot’s continuous growth potential with an unfortunate decrease in their rating from “hold” down to “sell”; major investors and strong organizations keep betting heavily on what appears as a promising future for IRBT — both with established “big name” investors weighing in alongside increased customer demand driving purchasing interests for the robotics technology leader.