Northern Trust Corp grew its stake in Rosetta Stone Inc (NYSE:RST) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 261,240 shares of the software maker’s stock after buying an additional 9,831 shares during the quarter. Northern Trust Corp’s holdings in Rosetta Stone were worth $4,284,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in RST. AltraVue Capital LLC acquired a new position in Rosetta Stone during the fourth quarter worth $10,613,000. AQR Capital Management LLC acquired a new position in Rosetta Stone during the third quarter worth $4,559,000. BlackRock Inc. boosted its holdings in Rosetta Stone by 14.4% during the fourth quarter. BlackRock Inc. now owns 1,356,571 shares of the software maker’s stock worth $22,249,000 after purchasing an additional 170,751 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Rosetta Stone by 201.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 130,109 shares of the software maker’s stock worth $2,134,000 after purchasing an additional 86,909 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Rosetta Stone by 7.9% during the third quarter. Dimensional Fund Advisors LP now owns 698,924 shares of the software maker’s stock worth $13,901,000 after purchasing an additional 51,186 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.
In related news, Director David Nierenberg sold 35,735 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $23.49, for a total transaction of $839,415.15. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Nicholas C. Gaehde sold 2,500 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $23.59, for a total transaction of $58,975.00. The disclosure for this sale can be found here. Insiders sold 86,121 shares of company stock worth $1,979,388 over the last three months. Insiders own 13.50% of the company’s stock.
Shares of RST opened at $23.76 on Monday. The stock has a market capitalization of $549.52 million, a PE ratio of -25.01 and a beta of 0.19. Rosetta Stone Inc has a fifty-two week low of $13.44 and a fifty-two week high of $24.01.
Rosetta Stone (NYSE:RST) last issued its quarterly earnings data on Wednesday, March 6th. The software maker reported ($0.19) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.41) by $0.22. The company had revenue of $44.57 million during the quarter, compared to the consensus estimate of $44.00 million. On average, sell-side analysts predict that Rosetta Stone Inc will post -0.68 EPS for the current fiscal year.
Rosetta Stone Company Profile
Rosetta Stone Inc, together with its subsidiaries, provides technology-based learning products in the United States and internationally. It operates through three segments: Literacy, E&E Language, and Consumer Language. The company develops, markets, and supports a suite of language-learning, literacy, and brain fitness solutions consisting of Web-based software subscriptions, perpetual software products, online and professional services, audio practice products, and mobile applications.
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