Penbrook Management Exits Position in iRobot Corporation (IRBT)

iRobot Corporation (IRBT) : Penbrook Management has sold out all of its stake in iRobot Corporation during the most recent quarter, according to the disclosure filed by the company on Apr 21, 2016 with the SEC. The investment management company has sold out 42,550 shares of iRobot Corporation which is valued at $1,506,696.

iRobot Corporation opened for trading at $35.18 and hit $38.54 on the upside on Wednesday, eventually ending the session at $37.95, with a gain of 9.18% or 3.19 points. The heightened volatility saw the trading volume jump to 18,21,667 shares. Company has a market cap of $1,100 M.

Other Hedge Funds, Including , Thomson Horstmann Bryant Inc reduced its stake in IRBT by selling 9,695 shares or 54.34% in the most recent quarter. The Hedge Fund company now holds 8,145 shares of IRBT which is valued at $288,414. iRobot Corporation makes up approx 0.03% of Thomson Horstmann Bryant Inc’s portfolio.Fisher Asset Management reduced its stake in IRBT by selling 14 shares or 0.07% in the most recent quarter. The Hedge Fund company now holds 20,733 shares of IRBT which is valued at $734,156.Eqis Capital Management reduced its stake in IRBT by selling 6,148 shares or 24.17% in the most recent quarter. The Hedge Fund company now holds 19,288 shares of IRBT which is valued at $670,644. iRobot Corporation makes up approx 0.05% of Eqis Capital Management’s portfolio.

On the company’s financial health, iRobot Corporation reported $0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.07. The company had revenue of $130.80 million for the quarter, compared to analysts expectations of $128.37 million. The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.

Many Wall Street Analysts have commented on iRobot Corporation. iRobot Corporation was Downgraded by JP Morgan to ” Underweight” on Mar 18, 2016. Chardan Capital Markets Initiated iRobot Corporation on Feb 10, 2016 to “Buy”, Price Target of the shares are set at $42.

iRobot Corporation is a United States-based company which designs and builds robots. The Company is engaged in delivering robotic technology-based solutions. The Company’s segments include home robots defense and security and other. Its home robots segment offers products to consumers through a network of retail businesses throughout the United States to various countries through international distributors and retailers and through the Company’s online store. Its defense and security robots segment offers products to the United States Department of Defense through the United States government-focused sales force and distributors and to other North American and international entities through small domestic and international sales teams as well as through North American and international distributors. Its brands include Roomba Ava Scooba Mint ViPR Create PackBot FirstLook iAdapt Aware Home Base Looj Braava Kobra AeroVac Mirra and Virtual Wall among others.

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