Rosetta Stone Inc (RST) Shares Bought by Northern Trust Corp

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.

RST has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Rosetta Stone from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Saturday, February 2nd. ValuEngine lowered shares of Rosetta Stone from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 4th. Finally, Barrington Research reissued a “buy” rating and issued a $27.00 price objective (up from $24.00) on shares of Rosetta Stone in a research report on Thursday, March 7th. Three analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $25.75.

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.

COPYRIGHT VIOLATION NOTICE: This news story was first reported by Baseball Daily News and is owned by of Baseball Daily News. If you are reading this news story on another site, it was copied illegally and reposted in violation of US and international trademark and copyright law. The correct version of this news story can be viewed at https://www.baseballdailydigest.com/news/2019/04/22/rosetta-stone-inc-rst-shares-bought-by-northern-trust-corp.html.

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.

See Also: Gap Up Stocks

Want to see what other hedge funds are holding RST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rosetta Stone Inc (NYSE:RST).

Institutional Ownership by Quarter for Rosetta Stone (NYSE:RST)

Receive News & Ratings for Rosetta Stone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rosetta Stone and related companies with MarketBeat.com's FREE daily email newsletter.