Sterneck Capital Management LLC lowered its stake in shares of Rosetta Stone (NYSE:RST) by 3.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,040 shares of the software maker’s stock after selling 2,500 shares during the quarter. Sterneck Capital Management LLC owned about 0.31% of Rosetta Stone worth $733,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of RST. American International Group Inc. increased its holdings in shares of Rosetta Stone by 7.1% during the first quarter. American International Group Inc. now owns 11,891 shares of the software maker’s stock valued at $116,000 after acquiring an additional 792 shares in the last quarter. Citadel Advisors LLC increased its holdings in shares of Rosetta Stone by 177.5% during the second quarter. Citadel Advisors LLC now owns 11,632 shares of the software maker’s stock valued at $125,000 after acquiring an additional 26,632 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Rosetta Stone during the second quarter valued at about $127,000. AXA acquired a new position in shares of Rosetta Stone during the second quarter valued at about $141,000. Finally, Alliancebernstein L.P. acquired a new position in shares of Rosetta Stone during the second quarter valued at about $146,000. Hedge funds and other institutional investors own 73.01% of the company’s stock.
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In other news, major shareholder Osmium Partners, Llc sold 105,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $9.10, for a total value of $955,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 13.00% of the stock is currently owned by insiders.
Rosetta Stone (NYSE:RST) traded up 0.80% during trading on Friday, hitting $10.09. 19,028 shares of the stock traded hands. Rosetta Stone has a 12 month low of $6.80 and a 12 month high of $12.40. The company’s 50 day moving average price is $9.63 and its 200 day moving average price is $10.48. The company’s market cap is $224.86 million.
Rosetta Stone (NYSE:RST) last posted its earnings results on Tuesday, August 8th. The software maker reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.20. The firm had revenue of $45.91 million during the quarter, compared to analysts’ expectations of $42.23 million. Rosetta Stone had a negative return on equity of 926.26% and a negative net margin of 6.06%. During the same quarter in the previous year, the business earned ($0.41) earnings per share. The firm’s revenue was up .4% compared to the same quarter last year. On average, equities research analysts anticipate that Rosetta Stone will post ($0.57) EPS for the current fiscal year.
RST has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Rosetta Stone from a “strong-buy” rating to a “sell” rating in a report on Wednesday, July 12th. ValuEngine downgraded shares of Rosetta Stone from a “hold” rating to a “sell” rating in a report on Friday, September 1st.
Rosetta Stone Profile
Rosetta Stone Inc (Rosetta Stone) offers personalized language and reading programs. The Company’s solutions are used by schools, businesses, government organizations and individuals around the world. Its segments include Enterprise & Education, which derives revenues from sales to educational institutions, corporations and government agencies worldwide, and Consumer, which derives revenue from sales to individuals and retail partners.
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