Stephens Investment Management Group LLC boosted its stake in HealthStream, Inc. (NASDAQ:HSTM) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 423,508 shares of the technology company’s stock after purchasing an additional 12,684 shares during the period. Stephens Investment Management Group LLC owned about 1.31% of HealthStream worth $10,952,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Millennium Management LLC increased its holdings in HealthStream by 26.9% in the fourth quarter. Millennium Management LLC now owns 10,750 shares of the technology company’s stock valued at $260,000 after purchasing an additional 2,282 shares during the period. Granite Investment Partners LLC increased its holdings in HealthStream by 18.5% in the first quarter. Granite Investment Partners LLC now owns 623,046 shares of the technology company’s stock valued at $17,483,000 after purchasing an additional 97,269 shares during the period. BNP Paribas Arbitrage SA increased its holdings in HealthStream by 917.2% in the first quarter. BNP Paribas Arbitrage SA now owns 5,971 shares of the technology company’s stock valued at $168,000 after purchasing an additional 5,384 shares during the period. Public Employees Retirement System of Ohio increased its holdings in HealthStream by 126.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 13,353 shares of the technology company’s stock valued at $322,000 after purchasing an additional 7,457 shares during the period. Finally, Menta Capital LLC increased its holdings in HealthStream by 19.3% in the first quarter. Menta Capital LLC now owns 21,022 shares of the technology company’s stock valued at $590,000 after purchasing an additional 3,400 shares during the period. Institutional investors and hedge funds own 70.61% of the company’s stock.
HSTM traded up $0.57 during trading on Friday, reaching $28.56. 3,364 shares of the stock traded hands, compared to its average volume of 149,389. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $927.18 million, a PE ratio of 66.42, a P/E/G ratio of 6.24 and a beta of 0.68. The stock’s 50-day moving average is $27.06 and its 200 day moving average is $26.69. HealthStream, Inc. has a 12 month low of $23.06 and a 12 month high of $31.86.
HealthStream (NASDAQ:HSTM) last issued its quarterly earnings results on Monday, July 22nd. The technology company reported $0.07 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.07. The business had revenue of $63.78 million for the quarter, compared to analysts’ expectations of $63.12 million. HealthStream had a net margin of 5.71% and a return on equity of 4.22%. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.11 earnings per share. As a group, equities research analysts anticipate that HealthStream, Inc. will post 0.38 EPS for the current year.
A number of analysts recently weighed in on HSTM shares. Zacks Investment Research upgraded HealthStream from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Thursday, July 25th. BidaskClub raised shares of HealthStream from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 10th. Barrington Research reaffirmed a “market perform” rating on shares of HealthStream in a research report on Thursday, July 25th. Finally, ValuEngine raised shares of HealthStream from a “hold” rating to a “buy” rating in a research report on Tuesday, July 9th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. HealthStream presently has a consensus rating of “Buy” and an average target price of $28.00.
In other HealthStream news, Director Jeffrey L. Mclaren sold 5,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $28.58, for a total transaction of $142,900.00. Following the sale, the director now owns 14,193 shares of the company’s stock, valued at $405,635.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 20.40% of the company’s stock.
HealthStream Company Profile
HealthStream, Inc provides workforce and provider solutions for healthcare organizations in the United States. It operates through two segments, Workforce Solutions and Provider Solutions. The company offers workforce solutions, including software-as-a-service (SaaS) based services and subscription-based solutions to meet the training, certification, assessment, development, clinical development, talent management, performance appraisal, and other needs, as well as training, implementation, and account management services for the healthcare community.
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