HealthStream Inc. (HSTM) Position Decreased by California Public Employees Retirement System
California Public Employees Retirement System cut its position in HealthStream Inc. (NASDAQ:HSTM) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 70,800 shares of the company’s stock after selling 2,200 shares during the period. California Public Employees Retirement System owned 0.22% of HealthStream worth $1,878,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Kornitzer Capital Management Inc. KS purchased a new position in HealthStream during the second quarter worth approximately $1,080,000. Teachers Advisors Inc. increased its position in HealthStream by 2.9% in the first quarter. Teachers Advisors Inc. now owns 419,634 shares of the company’s stock worth $9,270,000 after buying an additional 11,700 shares during the period. Bank of Montreal Can purchased a new position in HealthStream during the second quarter worth approximately $300,000. BB&T Corp purchased a new position in HealthStream during the second quarter worth approximately $275,000. Finally, BNP Paribas Arbitrage SA increased its position in HealthStream by 127.2% in the second quarter. BNP Paribas Arbitrage SA now owns 7,676 shares of the company’s stock worth $204,000 after buying an additional 4,297 shares during the period. Institutional investors and hedge funds own 71.85% of the company’s stock.
Shares of HealthStream Inc. (NASDAQ:HSTM) traded down 2.27% during trading on Friday, reaching $26.74. The company’s stock had a trading volume of 10,462 shares. The company’s 50-day moving average price is $26.47 and its 200 day moving average price is $24.55. HealthStream Inc. has a 1-year low of $17.80 and a 1-year high of $28.84. The stock has a market capitalization of $848.70 million, a price-to-earnings ratio of 121.00 and a beta of 1.29.
HealthStream (NASDAQ:HSTM) last released its earnings results on Monday, July 25th. The company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.05. The firm had revenue of $54.80 million for the quarter, compared to analyst estimates of $56.80 million. HealthStream had a return on equity of 3.81% and a net margin of 3.35%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 EPS. Analysts anticipate that HealthStream Inc. will post $0.29 EPS for the current year.
A number of equities analysts recently commented on HSTM shares. Barrington Research started coverage on HealthStream in a research note on Wednesday, June 29th. They issued an “outperform” rating and a $30.00 price target for the company. First Analysis downgraded HealthStream from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $30.00 to $27.00 in a research note on Wednesday, July 27th. FBR & Co reiterated a “buy” rating on shares of HealthStream in a research note on Wednesday, August 10th. Zacks Investment Research downgraded HealthStream from a “hold” rating to a “sell” rating in a research note on Wednesday, July 27th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $32.00 price target on shares of HealthStream in a research note on Tuesday, August 9th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. HealthStream has a consensus rating of “Buy” and an average target price of $28.14.
In other HealthStream news, Director Tate Deborah Taylor sold 1,500 shares of the business’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $24.28, for a total transaction of $36,420.00. Following the completion of the transaction, the director now owns 12,188 shares of the company’s stock, valued at approximately $295,924.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 21.10% of the company’s stock.
HealthStream, Inc provides workforce, patient experience and provider solutions for healthcare organizations. Delivered primarily as Software-as-a-Service (SaaS), the Company’s solutions focus on challenges facing the healthcare workforce and healthcare organizations, including the need to manage, retain, engage and develop healthcare workforce talent; meet compliance requirements; manage ongoing medical staff credentialing and privileging processes, and deliver patient experiences of care in healthcare organizations.
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