HealthStream, Inc. (HSTM) Holdings Lessened by Citadel Advisors LLC
Citadel Advisors LLC reduced its holdings in HealthStream, Inc. (NASDAQ:HSTM) by 10.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,205 shares of the technology company’s stock after selling 3,133 shares during the quarter. Citadel Advisors LLC owned 0.08% of HealthStream worth $689,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. State of Alaska Department of Revenue increased its holdings in shares of HealthStream by 79.4% in the second quarter. State of Alaska Department of Revenue now owns 5,040 shares of the technology company’s stock worth $132,000 after acquiring an additional 2,230 shares in the last quarter. Mason Street Advisors LLC increased its holdings in shares of HealthStream by 7.1% in the first quarter. Mason Street Advisors LLC now owns 5,944 shares of the technology company’s stock worth $144,000 after acquiring an additional 395 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of HealthStream by 1.1% in the second quarter. Bank of Montreal Can now owns 5,720 shares of the technology company’s stock worth $151,000 after acquiring an additional 65 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in shares of HealthStream by 5.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,000 shares of the technology company’s stock worth $158,000 after acquiring an additional 290 shares in the last quarter. Finally, UBS Asset Management Americas Inc. bought a new stake in shares of HealthStream in the second quarter worth about $205,000. Institutional investors own 75.87% of the company’s stock.
Several brokerages have issued reports on HSTM. Needham & Company LLC lowered their price target on HealthStream from $32.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, July 26th. Canaccord Genuity restated a “hold” rating and issued a $25.00 price target on shares of HealthStream in a report on Thursday, July 27th. Robert W. Baird restated a “buy” rating and issued a $30.00 price target on shares of HealthStream in a report on Thursday, August 31st. First Analysis upgraded HealthStream from an “underweight” rating to an “equal weight” rating and set a $19.00 price target for the company in a report on Wednesday, July 26th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $24.00 price target (down from $28.00) on shares of HealthStream in a report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. HealthStream has a consensus rating of “Hold” and an average price target of $25.17.
HealthStream, Inc. (NASDAQ:HSTM) opened at 23.59 on Friday. The stock’s 50 day moving average price is $23.43 and its 200 day moving average price is $25.41. The firm has a market capitalization of $752.19 million, a PE ratio of 169.71 and a beta of 0.98. HealthStream, Inc. has a 52-week low of $20.60 and a 52-week high of $31.53.
HealthStream (NASDAQ:HSTM) last posted its quarterly earnings data on Monday, July 24th. The technology company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.04. HealthStream had a return on equity of 2.27% and a net margin of 1.85%. The firm had revenue of $61.48 million during the quarter, compared to analyst estimates of $61.36 million. During the same period last year, the company posted $0.04 EPS. The business’s quarterly revenue was up 12.2% on a year-over-year basis. On average, analysts predict that HealthStream, Inc. will post $0.22 EPS for the current fiscal year.
HealthStream Company Profile
HealthStream, Inc (HealthStream) provides workforce, patient experience and provider solutions for healthcare organizations. The Company operates in three segments: HealthStream Workforce Solutions, HealthStream Patient Experience Solutions and HealthStream Provider Solutions. HealthStream’s products and services are organized into three segments: Workforce Solutions, Patient Experience Solutions, and Provider Solutions.
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