Public Employees Retirement System of Ohio Trims Stock Position in Rosetta Stone Inc (NYSE:RST)

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Public Employees Retirement System of Ohio cut its stake in shares of Rosetta Stone Inc (NYSE:RST) by 19.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,010 shares of the software maker’s stock after selling 8,800 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.15% of Rosetta Stone worth $824,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. TimesSquare Capital Management LLC increased its position in shares of Rosetta Stone by 1.6% during the second quarter. TimesSquare Capital Management LLC now owns 1,711,615 shares of the software maker’s stock worth $39,162,000 after acquiring an additional 26,210 shares during the period. Allianz Asset Management GmbH increased its holdings in Rosetta Stone by 12.8% during the second quarter. Allianz Asset Management GmbH now owns 583,131 shares of the software maker’s stock valued at $13,342,000 after buying an additional 65,953 shares during the period. Stephens Investment Management Group LLC purchased a new position in Rosetta Stone during the second quarter valued at approximately $7,968,000. Acadian Asset Management LLC increased its holdings in Rosetta Stone by 324.9% during the second quarter. Acadian Asset Management LLC now owns 333,213 shares of the software maker’s stock valued at $7,624,000 after buying an additional 254,791 shares during the period. Finally, Cortina Asset Management LLC increased its holdings in Rosetta Stone by 11.5% during the second quarter. Cortina Asset Management LLC now owns 249,052 shares of the software maker’s stock valued at $5,698,000 after buying an additional 25,591 shares during the period. 86.64% of the stock is currently owned by institutional investors and hedge funds.

RST stock traded down $0.59 during trading on Friday, hitting $18.32. 187,436 shares of the company’s stock traded hands, compared to its average volume of 147,885. The business has a fifty day simple moving average of $18.77 and a two-hundred day simple moving average of $22.18. Rosetta Stone Inc has a 1 year low of $14.43 and a 1 year high of $26.88.

Rosetta Stone (NYSE:RST) last issued its quarterly earnings data on Tuesday, August 6th. The software maker reported ($0.12) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.27) by $0.15. The business had revenue of $45.94 million for the quarter, compared to analysts’ expectations of $44.50 million. Analysts anticipate that Rosetta Stone Inc will post -0.6 EPS for the current fiscal year.

In other Rosetta Stone news, insider Nicholas C. Gaehde sold 2,500 shares of Rosetta Stone stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $22.69, for a total value of $56,725.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Laurence Franklin sold 10,181 shares of Rosetta Stone stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $19.69, for a total transaction of $200,463.89. Following the completion of the transaction, the director now directly owns 38,057 shares in the company, valued at $749,342.33. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,181 shares of company stock worth $307,189. 13.50% of the stock is currently owned by corporate insiders.

Several brokerages recently issued reports on RST. Barrington Research reissued a “buy” rating and set a $29.00 price objective on shares of Rosetta Stone in a report on Wednesday, August 7th. ValuEngine lowered shares of Rosetta Stone from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 8th. Five analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of $28.50.

About Rosetta Stone

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

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