HealthStream, Inc. (NASDAQ:HSTM) Stake Lowered by HighTower Advisors LLC

HighTower Advisors LLC decreased its stake in HealthStream, Inc. (NASDAQ:HSTM) by 3.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,433 shares of the technology company’s stock after selling 456 shares during the period. HighTower Advisors LLC’s holdings in HealthStream were worth $393,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in HealthStream by 36.0% in the third quarter. GAMMA Investing LLC now owns 1,355 shares of the technology company’s stock worth $39,000 after buying an additional 359 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of HealthStream by 10.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,671 shares of the technology company’s stock worth $270,000 after acquiring an additional 876 shares during the last quarter. Ellsworth Advisors LLC raised its position in shares of HealthStream by 5.1% during the third quarter. Ellsworth Advisors LLC now owns 20,035 shares of the technology company’s stock worth $578,000 after purchasing an additional 972 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of HealthStream during the second quarter valued at $38,000. Finally, Exchange Traded Concepts LLC boosted its position in shares of HealthStream by 2.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 59,322 shares of the technology company’s stock valued at $1,711,000 after purchasing an additional 1,504 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

Wall Street Analysts Forecast Growth

HSTM has been the subject of a number of recent analyst reports. Canaccord Genuity Group raised their price objective on shares of HealthStream from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Craig Hallum raised HealthStream to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, Barclays increased their price objective on HealthStream from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. One research 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $31.50.

HealthStream Stock Up 0.8 %

HealthStream stock opened at $31.45 on Monday. The business’s 50-day simple moving average is $31.14 and its 200 day simple moving average is $29.44. The stock has a market cap of $956.55 million, a price-to-earnings ratio of 48.39, a P/E/G ratio of 4.36 and a beta of 0.38. HealthStream, Inc. has a 12-month low of $23.92 and a 12-month high of $33.52.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings results on Monday, October 21st. The technology company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. The company had revenue of $73.10 million for the quarter, compared to analysts’ expectations of $73.53 million. During the same period last year, the firm posted $0.13 earnings per share. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, sell-side analysts expect that HealthStream, Inc. will post 0.63 EPS for the current year.

HealthStream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a $0.028 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.11 dividend on an annualized basis and a yield of 0.36%. HealthStream’s dividend payout ratio is 16.92%.

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.