Mackay Shields LLC Lowers Stake in Rosetta Stone Inc (NYSE:RST)

Mackay Shields LLC cut its position in shares of Rosetta Stone Inc (NYSE:RST) by 77.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,900 shares of the software maker’s stock after selling 91,011 shares during the quarter. Mackay Shields LLC’s holdings in Rosetta Stone were worth $468,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Quantamental Technologies LLC grew its holdings in shares of Rosetta Stone by 46.9% during the second quarter. Quantamental Technologies LLC now owns 3,122 shares of the software maker’s stock worth $71,000 after buying an additional 997 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Rosetta Stone in the first quarter worth approximately $34,000. Zebra Capital Management LLC boosted its position in shares of Rosetta Stone by 10.5% in the second quarter. Zebra Capital Management LLC now owns 16,948 shares of the software maker’s stock worth $388,000 after acquiring an additional 1,612 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Rosetta Stone by 244.5% in the second quarter. Bank of Montreal Can now owns 2,391 shares of the software maker’s stock worth $55,000 after acquiring an additional 1,697 shares during the last quarter. Finally, Swiss National Bank boosted its position in shares of Rosetta Stone by 5.2% in the second quarter. Swiss National Bank now owns 38,200 shares of the software maker’s stock worth $874,000 after acquiring an additional 1,900 shares during the last quarter. Institutional investors and hedge funds own 86.40% of the company’s stock.

Shares of RST stock opened at $14.43 on Monday. The stock has a market cap of $360.90 million, a price-to-earnings ratio of -15.19 and a beta of 0.29. Rosetta Stone Inc has a fifty-two week low of $13.76 and a fifty-two week high of $26.88. The firm’s 50 day moving average price is $17.68 and its two-hundred day moving average price is $20.96.

Rosetta Stone (NYSE:RST) last announced its quarterly earnings results on Wednesday, November 6th. The software maker reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.19. The business had revenue of $45.46 million for the quarter, compared to analyst estimates of $46.50 million. On average, research analysts anticipate that Rosetta Stone Inc will post -0.6 earnings per share for the current fiscal year.

RST has been the topic of several research analyst reports. ValuEngine cut shares of Rosetta Stone from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 6th. Lake Street Capital decreased their target price on shares of Rosetta Stone from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Zacks Investment Research cut shares of Rosetta Stone from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. Finally, Barrington Research reissued a “buy” rating and issued a $25.00 target price on shares of Rosetta Stone in a research report on Thursday, November 7th.

In other news, Director Laurence Franklin sold 10,181 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $19.69, for a total transaction of $200,463.89. Following the transaction, the director now directly owns 38,057 shares of the company’s stock, valued at $749,342.33. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nicholas C. Gaehde sold 2,500 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $20.00, for a total transaction of $50,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,782 shares of company stock worth $272,484. 13.50% of the stock is currently owned by corporate insiders.

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

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