Comerica Bank Purchases 12,599 Shares of HealthStream, Inc. (HSTM)

Comerica Bank raised its holdings in HealthStream, Inc. (NASDAQ:HSTM) by 31.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 53,176 shares of the technology company’s stock after purchasing an additional 12,599 shares during the quarter. Comerica Bank owned 0.17% of HealthStream worth $1,304,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Stevens Capital Management LP purchased a new position in shares of HealthStream in the 3rd quarter worth approximately $367,000. BNP Paribas Arbitrage SA increased its holdings in shares of HealthStream by 65.6% in the third quarter. BNP Paribas Arbitrage SA now owns 13,466 shares of the technology company’s stock worth $315,000 after purchasing an additional 5,335 shares during the period. Bessemer Group Inc. bought a new position in shares of HealthStream in the fourth quarter worth $422,000. Wells Fargo & Company MN increased its stake in HealthStream by 48.6% in the third quarter. Wells Fargo & Company MN now owns 32,362 shares of the technology company’s stock valued at $756,000 after acquiring an additional 10,581 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in HealthStream in the third quarter valued at $448,000. 70.97% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have issued reports on the stock. ValuEngine upgraded shares of HealthStream from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th. Barrington Research restated a “buy” rating and issued a $32.00 price objective on shares of HealthStream in a report on Monday, February 26th. William Blair reaffirmed an “outperform” rating on shares of HealthStream in a research note on Tuesday, February 13th. Cantor Fitzgerald reissued a “hold” rating and set a $24.00 price target on shares of HealthStream in a research report on Monday, February 12th. Finally, BidaskClub upgraded shares of HealthStream from a “sell” rating to a “hold” rating in a report on Saturday, February 10th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. HealthStream currently has a consensus rating of “Hold” and a consensus price target of $25.86.

In related news, insider Jeffrey Doster sold 10,000 shares of HealthStream stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $24.57, for a total value of $245,700.00. Following the completion of the transaction, the insider now owns 45,235 shares in the company, valued at $1,111,423.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Linda Rebrovick sold 21,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $24.20, for a total transaction of $508,200.00. Following the sale, the director now owns 38,006 shares of the company’s stock, valued at approximately $919,745.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 81,452 shares of company stock worth $1,979,525. Insiders own 21.10% of the company’s stock.

Shares of HealthStream, Inc. (HSTM) opened at $24.97 on Wednesday. The firm has a market cap of $800.36, a P/E ratio of 104.08, a PEG ratio of 5.58 and a beta of 0.83. HealthStream, Inc. has a 52-week low of $21.15 and a 52-week high of $31.53.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.01. The firm had revenue of $62.76 million for the quarter, compared to analyst estimates of $61.98 million. HealthStream had a net margin of 4.04% and a return on equity of 2.73%. analysts predict that HealthStream, Inc. will post 0.28 earnings per share for the current year.

The firm also recently declared a special dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Tuesday, March 6th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Monday, March 5th.

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HealthStream Profile

HealthStream, Inc (HealthStream) provides workforce, patient experience and provider solutions for healthcare organizations. The Company operates in three segments: HealthStream Workforce Solutions, HealthStream Patient Experience Solutions and HealthStream Provider Solutions. HealthStream’s products and services are organized into three segments: Workforce Solutions, Patient Experience Solutions, and Provider Solutions.

Institutional Ownership by Quarter for HealthStream (NASDAQ:HSTM)

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