Elberon Lowers stake in Rosetta Stone Inc (RST)

Rosetta Stone Inc (RST) : Elberon reduced its stake in Rosetta Stone Inc by 35.77% during the most recent quarter end. The investment management company now holds a total of 322,000 shares of Rosetta Stone Inc which is valued at $2,688,700 after selling 179,300 shares in Rosetta Stone Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Rosetta Stone Inc makes up approximately 5.84% of Elberon’s portfolio.

Other Hedge Funds, Including , Menta Capital reduced its stake in RST by selling 2,700 shares or 8.0% in the most recent quarter. The Hedge Fund company now holds 31,050 shares of RST which is valued at $255,852. Rosetta Stone Inc makes up approx 0.02% of Menta Capital’s portfolio.Dimensional Fund Advisors Lp reduced its stake in RST by selling 50,420 shares or 11.65% in the most recent quarter. The Hedge Fund company now holds 382,550 shares of RST which is valued at $2,972,414.Blackrock Investment Management reduced its stake in RST by selling 108 shares or 0.15% in the most recent quarter. The Hedge Fund company now holds 72,855 shares of RST which is valued at $512,899.California Public Employees Retirement System reduced its stake in RST by selling 5,200 shares or 6.37% in the most recent quarter. The Hedge Fund company now holds 76,400 shares of RST which is valued at $572,236.

Rosetta Stone Inc opened for trading at $7.85 and hit $8 on the upside on Monday, eventually ending the session at $7.91, with a gain of 1.54% or 0.12 points. The heightened volatility saw the trading volume jump to 76,506 shares. Company has a market cap of $175 M.

On the company’s financial health, Rosetta Stone Inc reported $-0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.33 according to the earnings call on Nov 7, 2016. Analyst had a consensus of $-0.58. The company had revenue of $48.70 million for the quarter, compared to analysts expectations of $45.55 million. The company’s revenue was down -2.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.34 EPS.

Rosetta Stone Inc. (Rosetta Stone) is a provider of reading and brain fitness solutions. The Company’s solutions are used by schools businesses government organizations and individuals around the world. The Company offers courses in 30 languages across a range of formats including Web-based software subscriptions digital downloads mobile applications and perpetual compact disc (CD) packages. The Company operates in three segments: North America Consumer (NA) Rest of World (ROW) Consumer and Global Enterprise & Education. The North America Consumer and ROW Consumer segments derive revenues from sales to individuals and retail partners. The North America Consumer segment includes sales made within the United States and Canada and the ROW Consumer segment includes sales made in countries other than the United States and Canada. The Global Enterprise & Education segment derives revenues from sales to educational institutions government agencies and corporations across the world.

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