Elberon Lowers stake in Rosetta Stone Inc (RST)

Rosetta Stone Inc (RST) : Elberon reduced its stake in Rosetta Stone Inc by 25.06% during the most recent quarter end. The investment management company now holds a total of 501,300 shares of Rosetta Stone Inc which is valued at $4,486,635 after selling 167,600 shares in Rosetta Stone Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Rosetta Stone Inc makes up approximately 7.35% of Elberon’s portfolio.

Other Hedge Funds, Including , Springbok Capital Management reduced its stake in RST by selling 1,300 shares or 32.5% in the most recent quarter. The Hedge Fund company now holds 2,700 shares of RST which is valued at $24,165. Emancipation Management added RST to its portfolio by purchasing 297,914 company shares during the most recent quarter which is valued at $2,666,330. Rosetta Stone Inc makes up approx 3.31% of Emancipation Management’s portfolio. Coldstream Capital Management Inc sold out all of its stake in RST during the most recent quarter. The investment firm sold 20,295 shares of RST which is valued $179,814.California Public Employees Retirement System reduced its stake in RST by selling 17,900 shares or 17.99% in the most recent quarter. The Hedge Fund company now holds 81,600 shares of RST which is valued at $627,504.Simplex Trading reduced its stake in RST by selling 4,191 shares or 67.25% in the most recent quarter. The Hedge Fund company now holds 2,041 shares of RST which is valued at $16,797.

Rosetta Stone Inc opened for trading at $8.82 and hit $8.9 on the upside on Thursday, eventually ending the session at $8.89, with a gain of 0.57% or 0.05 points. The heightened volatility saw the trading volume jump to 25,868 shares. Company has a market cap of $195 M.

On the company’s financial health, Rosetta Stone Inc reported $-0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $-0.67. The company had revenue of $45.70 million for the quarter, compared to analysts expectations of $42.93 million. The company’s revenue was down -11.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.38 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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