Bank of New York Mellon Corp lowered its position in shares of Rosetta Stone Inc (NYSE:RST) by 11.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,030 shares of the software maker’s stock after selling 7,943 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.27% of Rosetta Stone worth $624,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in RST. Citadel Advisors LLC raised 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 during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Rosetta Stone during the second quarter valued at approximately $127,000. AXA acquired a new position in shares of Rosetta Stone during the second quarter valued at approximately $141,000. Alliancebernstein L.P. acquired a new position in shares of Rosetta Stone during the second quarter valued at approximately $146,000. Finally, Rhumbline Advisers raised its holdings in shares of Rosetta Stone by 8.3% during the second quarter. Rhumbline Advisers now owns 20,632 shares of the software maker’s stock valued at $222,000 after acquiring an additional 1,575 shares during the last quarter. 72.19% of the stock is owned by institutional investors and hedge funds.
In related news, Director David Nierenberg sold 77,786 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $12.06, for a total value of $938,099.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 13.00% of the stock is currently owned by company insiders.
Rosetta Stone (NYSE:RST) last posted its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.17. research analysts forecast that Rosetta Stone Inc will post -0.46 EPS for the current year.
A number of equities analysts have commented on RST shares. Zacks Investment Research cut Rosetta Stone from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. ValuEngine raised Rosetta Stone from a “sell” rating to a “hold” rating in a report on Wednesday, November 29th.
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Rosetta Stone Company 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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