Rosetta Stone Inc (RST) Stake Decreased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lessened its holdings in shares of Rosetta Stone Inc (NYSE:RST) by 28.0% during the third quarter, Holdings Channel reports. The institutional investor owned 81,572 shares of the software maker’s stock after selling 31,650 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Rosetta Stone were worth $1,622,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Metropolitan Life Insurance Co. NY acquired a new position in shares of Rosetta Stone during the second quarter valued at approximately $108,000. MetLife Investment Advisors LLC acquired a new position in shares of Rosetta Stone during the second quarter valued at approximately $158,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Rosetta Stone during the third quarter valued at approximately $211,000. California Public Employees Retirement System increased its stake in shares of Rosetta Stone by 15.7% during the second quarter. California Public Employees Retirement System now owns 31,922 shares of the software maker’s stock valued at $512,000 after acquiring an additional 4,322 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Rosetta Stone by 34.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 41,586 shares of the software maker’s stock valued at $667,000 after acquiring an additional 10,586 shares during the period. 78.34% of the stock is currently owned by institutional investors.

Rosetta Stone stock opened at $17.74 on Friday. The company has a market capitalization of $393.23 million, a price-to-earnings ratio of -77.13 and a beta of 0.34. Rosetta Stone Inc has a 1 year low of $11.91 and a 1 year high of $21.54.

Rosetta Stone (NYSE:RST) last posted its quarterly earnings results on Tuesday, November 6th. The software maker reported ($0.31) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.41) by $0.10. The business had revenue of $42.75 million during the quarter, compared to analyst estimates of $42.75 million. Equities analysts forecast that Rosetta Stone Inc will post -1.18 EPS for the current year.

A number of research analysts recently commented on RST shares. Dougherty & Co reiterated a “buy” rating and set a $30.00 price objective (up previously from $20.00) on shares of Rosetta Stone in a research note on Monday, October 1st. Barrington Research reiterated a “buy” rating and set a $23.00 price objective on shares of Rosetta Stone in a research note on Friday, October 5th. Finally, Lake Street Capital set a $21.00 price objective on shares of Rosetta Stone and gave the company a “buy” rating in a research note on Wednesday, November 7th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $22.75.

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Rosetta Stone Company 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.

Read More: Leveraged Buyout (LBO)

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

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