First Eagle Investment Management LLC Acquires 35,350 Shares of HealthStream, Inc. (NASDAQ:HSTM)

First Eagle Investment Management LLC lifted its holdings in shares of HealthStream, Inc. (NASDAQ:HSTM) by 7.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 530,178 shares of the technology company’s stock after acquiring an additional 35,350 shares during the quarter. First Eagle Investment Management LLC owned approximately 1.74% of HealthStream worth $14,792,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. raised its holdings in HealthStream by 197.8% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 165,885 shares of the technology company’s stock worth $4,628,000 after purchasing an additional 110,189 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in HealthStream by 58.6% in the second quarter. Assenagon Asset Management S.A. now owns 146,826 shares of the technology company’s stock worth $4,096,000 after buying an additional 54,227 shares during the period. Wakefield Asset Management LLLP bought a new stake in HealthStream during the 1st quarter valued at approximately $909,000. Allspring Global Investments Holdings LLC grew its holdings in shares of HealthStream by 97.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 67,296 shares of the technology company’s stock worth $1,878,000 after acquiring an additional 33,161 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of HealthStream by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 2,938,685 shares of the technology company’s stock worth $78,345,000 after acquiring an additional 31,943 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

HealthStream Trading Up 0.3 %

Shares of NASDAQ:HSTM opened at $29.30 on Thursday. The stock has a fifty day simple moving average of $28.79 and a two-hundred day simple moving average of $27.43. HealthStream, Inc. has a 12-month low of $21.08 and a 12-month high of $31.15. The stock has a market capitalization of $890.66 million, a price-to-earnings ratio of 50.52, a PEG ratio of 4.13 and a beta of 0.36.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings results on Monday, July 22nd. The technology company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. HealthStream had a return on equity of 5.19% and a net margin of 6.26%. The firm had revenue of $71.56 million during the quarter, compared to analyst estimates of $72.85 million. During the same quarter in the previous year, the firm earned $0.13 EPS. HealthStream’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, equities research analysts predict that HealthStream, Inc. will post 0.56 EPS for the current year.

HealthStream Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were issued a dividend of $0.028 per share. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend was Monday, August 5th. HealthStream’s payout ratio is 18.97%.

Insider Activity at HealthStream

In related news, SVP Kevin P. O’hara sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $28.03, for a total value of $84,090.00. Following the transaction, the senior vice president now directly owns 9,527 shares of the company’s stock, valued at approximately $267,041.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Tate Deborah Taylor sold 1,400 shares of HealthStream stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $28.53, for a total value of $39,942.00. Following the completion of the sale, the director now directly owns 22,326 shares in the company, valued at $636,960.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Kevin P. O’hara sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $28.03, for a total transaction of $84,090.00. Following the transaction, the senior vice president now directly owns 9,527 shares of the company’s stock, valued at $267,041.81. The disclosure for this sale can be found here. 20.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

HSTM has been the topic of several recent research reports. StockNews.com cut HealthStream from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 24th. Canaccord Genuity Group increased their price target on shares of HealthStream from $27.00 to $28.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $30.00.

About HealthStream

HealthStream, Inc provides Software-as-a-Service (SaaS) based applications for healthcare organizations in the United States. The company’s solutions help healthcare organizations in meeting their ongoing clinical development, talent management, training, education, assessment, competency management, safety and compliance, and scheduling, as well as provider credentialing, privileging, and enrollment needs.