Renaissance Technologies LLC Boosts Holdings in HealthStream, Inc. (NASDAQ:HSTM)

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Renaissance Technologies LLC boosted its position in HealthStream, Inc. (NASDAQ:HSTM) by 30.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 489,900 shares of the technology company’s stock after buying an additional 114,300 shares during the period. Renaissance Technologies LLC’s holdings in HealthStream were worth $12,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the stock. Rhumbline Advisers lifted its holdings in HealthStream by 0.7% in the first quarter. Rhumbline Advisers now owns 72,870 shares of the technology company’s stock valued at $2,045,000 after acquiring an additional 534 shares during the period. Comerica Bank lifted its holdings in HealthStream by 2.4% in the first quarter. Comerica Bank now owns 25,306 shares of the technology company’s stock valued at $732,000 after acquiring an additional 599 shares during the period. Texas Permanent School Fund lifted its holdings in HealthStream by 3.8% in the first quarter. Texas Permanent School Fund now owns 17,341 shares of the technology company’s stock valued at $487,000 after acquiring an additional 630 shares during the period. Swiss National Bank lifted its holdings in HealthStream by 1.9% in the second quarter. Swiss National Bank now owns 48,100 shares of the technology company’s stock valued at $1,244,000 after acquiring an additional 900 shares during the period. Finally, Summit Global Investments lifted its holdings in HealthStream by 5.9% in the first quarter. Summit Global Investments now owns 28,800 shares of the technology company’s stock valued at $808,000 after acquiring an additional 1,600 shares during the period. Hedge funds and other institutional investors own 72.72% of the company’s stock.

HSTM has been the subject of a number of recent analyst reports. Zacks Investment Research raised HealthStream from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Thursday, July 25th. BidaskClub downgraded HealthStream from a “buy” rating to a “hold” rating in a report on Wednesday, August 28th. ValuEngine raised HealthStream from a “hold” rating to a “buy” rating in a report on Tuesday, July 9th. Finally, Barrington Research reissued a “market perform” rating on shares of HealthStream in a report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $28.00.

Shares of NASDAQ:HSTM traded up $0.33 during midday trading on Friday, hitting $26.67. 103,219 shares of the stock were exchanged, compared to its average volume of 169,961. The stock has a market cap of $857.25 million, a P/E ratio of 62.02, a PEG ratio of 5.77 and a beta of 0.71. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.10. HealthStream, Inc. has a twelve month low of $23.06 and a twelve month high of $31.21. The company has a 50 day moving average price of $27.04 and a 200-day moving average price of $26.69.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings results on Monday, July 22nd. The technology company reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. The business had revenue of $63.78 million during the quarter, compared to the consensus estimate of $63.12 million. HealthStream had a return on equity of 4.22% and a net margin of 5.71%. The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 EPS. On average, equities research analysts expect that HealthStream, Inc. will post 0.38 earnings per share for the current year.

In other news, Director Jeffrey L. Mclaren sold 5,000 shares of HealthStream stock in a transaction on Monday, August 12th. The stock was sold at an average price of $28.58, for a total transaction of $142,900.00. Following the completion of the transaction, the director now owns 14,193 shares of the company’s stock, valued at approximately $405,635.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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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Institutional Ownership by Quarter for HealthStream (NASDAQ:HSTM)

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