SG Americas Securities LLC Trims Stock Position in HealthStream, Inc. (NASDAQ:HSTM)

SG Americas Securities LLC lessened its stake in HealthStream, Inc. (NASDAQ:HSTM) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,064 shares of the technology company’s stock after selling 1,868 shares during the quarter. SG Americas Securities LLC owned about 0.06% of HealthStream worth $543,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. increased its holdings in HealthStream by 141.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 400,033 shares of the technology company’s stock valued at $11,537,000 after purchasing an additional 234,148 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new stake in HealthStream during the third quarter valued at approximately $1,635,000. Assenagon Asset Management S.A. raised its position in shares of HealthStream by 37.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 201,601 shares of the technology company’s stock valued at $5,814,000 after acquiring an additional 54,775 shares in the last quarter. Annex Advisory Services LLC bought a new position in shares of HealthStream in the 4th quarter worth about $1,149,000. Finally, Barclays PLC lifted its holdings in HealthStream by 145.0% in the third quarter. Barclays PLC now owns 58,838 shares of the technology company’s stock worth $1,697,000 after acquiring an additional 34,821 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HSTM. Barclays boosted their price target on shares of HealthStream from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Craig Hallum upgraded HealthStream to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Canaccord Genuity Group raised their target price on shares of HealthStream from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $31.50.

HealthStream Stock Down 0.5 %

HSTM opened at $32.65 on Friday. HealthStream, Inc. has a 12-month low of $23.92 and a 12-month high of $33.52. The firm has a market capitalization of $993.05 million, a P/E ratio of 50.23, a PEG ratio of 4.22 and a beta of 0.40. The stock has a fifty day moving average of $32.16 and a 200-day moving average of $30.27.

HealthStream Company Profile

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.