Algert Global LLC raised its position in Rosetta Stone (NYSE:RST) by 40.6% during the second quarter, Holdings Channel reports. The institutional investor owned 101,619 shares of the software maker’s stock after buying an additional 29,366 shares during the period. Algert Global LLC’s holdings in Rosetta Stone were worth $1,095,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Acadian Asset Management LLC raised its stake in Rosetta Stone by 462.7% in the second quarter. Acadian Asset Management LLC now owns 466,116 shares of the software maker’s stock worth $5,025,000 after buying an additional 383,287 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Rosetta Stone by 170.2% in the second quarter. Russell Investments Group Ltd. now owns 131,826 shares of the software maker’s stock worth $1,421,000 after buying an additional 83,031 shares in the last quarter. Legato Capital Management LLC acquired a new stake in Rosetta Stone during the second quarter worth approximately $2,361,000. Sterneck Capital Management LLC raised its stake in Rosetta Stone by 7.5% in the first quarter. Sterneck Capital Management LLC now owns 70,540 shares of the software maker’s stock worth $688,000 after buying an additional 4,940 shares in the last quarter. Finally, PEAK6 Investments L.P. acquired a new stake in Rosetta Stone during the first quarter worth approximately $1,757,000. 72.87% of the stock is owned by hedge funds and other institutional investors.

Rosetta Stone (RST) opened at 9.58 on Thursday. The stock has a 50 day moving average of $10.52 and a 200 day moving average of $10.05. Rosetta Stone has a one year low of $6.80 and a one year high of $12.40. The firm’s market cap is $212.66 million.

Rosetta Stone (NYSE:RST) last posted its quarterly earnings results on Tuesday, August 8th. The software maker reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.20. The business had revenue of $45.91 million during the quarter, compared to analysts’ expectations of $42.23 million. Rosetta Stone had a negative net margin of 6.06% and a negative return on equity of 926.26%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the company posted ($0.41) earnings per share. Equities research analysts predict that Rosetta Stone will post ($0.50) EPS for the current fiscal year.

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A number of analysts have commented on the stock. Zacks Investment Research raised shares of Rosetta Stone from a “sell” rating to a “hold” rating in a report on Wednesday. ValuEngine raised shares of Rosetta Stone from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Barrington Research reaffirmed an “outperform” rating and set a $15.00 target price (up previously from $12.00) on shares of Rosetta Stone in a report on Wednesday, May 10th.

In other Rosetta Stone news, Director David Nierenberg sold 285,000 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $12.13, for a total value of $3,457,050.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider M. Sean Hartford sold 4,050 shares of the firm’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $11.91, for a total transaction of $48,235.50. Following the completion of the sale, the insider now owns 18,348 shares of the company’s stock, valued at $218,524.68. The disclosure for this sale can be found here. Insiders sold 365,669 shares of company stock valued at $4,427,082 over the last 90 days. Corporate insiders own 13.00% of the company’s stock.

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

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