Rhumbline Advisers increased its holdings in HealthStream, Inc. (NASDAQ:HSTM) by 4.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,481 shares of the technology company’s stock after buying an additional 3,340 shares during the period. Rhumbline Advisers’ holdings in HealthStream were worth $2,110,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the stock. First Light Asset Management LLC raised its stake in HealthStream by 0.4% in the second quarter. First Light Asset Management LLC now owns 90,924 shares of the technology company’s stock worth $2,351,000 after buying an additional 386 shares in the last quarter. Resources Investment Advisors LLC. raised its stake in HealthStream by 13.0% in the second quarter. Resources Investment Advisors LLC. now owns 3,900 shares of the technology company’s stock worth $101,000 after buying an additional 450 shares in the last quarter. Royal Bank of Canada increased its position in shares of HealthStream by 6.7% during the second quarter. Royal Bank of Canada now owns 7,424 shares of the technology company’s stock worth $192,000 after purchasing an additional 464 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of HealthStream by 1.4% during the second quarter. Parametric Portfolio Associates LLC now owns 54,303 shares of the technology company’s stock worth $1,404,000 after purchasing an additional 774 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of HealthStream by 1.9% during the second quarter. Swiss National Bank now owns 48,100 shares of the technology company’s stock worth $1,244,000 after purchasing an additional 900 shares in the last quarter. 71.91% of the stock is owned by institutional investors.
A number of brokerages have recently issued reports on HSTM. BidaskClub downgraded HealthStream from a “hold” rating to a “sell” rating in a research report on Saturday, November 9th. Barrington Research reaffirmed a “market perform” rating on shares of HealthStream in a research report on Thursday, July 25th. ValuEngine downgraded HealthStream from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Zacks Investment Research raised HealthStream from a “hold” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $29.00.
HealthStream (NASDAQ:HSTM) last issued its quarterly earnings results on Tuesday, October 22nd. The technology company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The business had revenue of $62.50 million for the quarter, compared to the consensus estimate of $62.91 million. HealthStream had a return on equity of 4.14% and a net margin of 5.92%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 earnings per share. On average, equities analysts forecast that HealthStream, Inc. will post 0.41 earnings per share for the current year.
In other news, Director Tate Deborah Taylor sold 6,495 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $27.96, for a total transaction of $181,600.20. Following the sale, the director now directly owns 16,181 shares of the company’s stock, valued at $452,420.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 20.40% of the stock is owned by insiders.
HealthStream 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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