Dimensional Fund Advisors LP Increases Stake in HealthStream, Inc. (HSTM)
Dimensional Fund Advisors LP increased its position in shares of HealthStream, Inc. (NASDAQ:HSTM) by 4.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,239,449 shares of the technology company’s stock after buying an additional 51,900 shares during the period. Dimensional Fund Advisors LP’s holdings in HealthStream were worth $28,966,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Wells Fargo & Company MN increased its holdings in HealthStream by 48.6% during the third quarter. Wells Fargo & Company MN now owns 32,362 shares of the technology company’s stock worth $756,000 after buying an additional 10,581 shares during the last quarter. Citadel Advisors LLC increased its holdings in HealthStream by 85.0% during the third quarter. Citadel Advisors LLC now owns 48,487 shares of the technology company’s stock worth $1,133,000 after buying an additional 22,282 shares during the last quarter. Trexquant Investment LP increased its holdings in HealthStream by 22.8% during the third quarter. Trexquant Investment LP now owns 16,873 shares of the technology company’s stock worth $394,000 after buying an additional 3,133 shares during the last quarter. Virginia Retirement Systems ET AL acquired a new position in HealthStream during the third quarter worth $264,000. Finally, Systematic Financial Management LP acquired a new position in HealthStream during the third quarter worth $1,332,000. Institutional investors and hedge funds own 74.32% of the company’s stock.
A number of brokerages recently weighed in on HSTM. Robert W. Baird lowered their target price on shares of HealthStream from $30.00 to $28.00 and set an “outperform” rating on the stock in a report on Wednesday, October 25th. ValuEngine upgraded shares of HealthStream from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Needham & Company LLC downgraded shares of HealthStream from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Zacks Investment Research downgraded shares of HealthStream from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Finally, Canaccord Genuity restated a “hold” rating and set a $25.00 target price on shares of HealthStream in a report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $24.83.
HealthStream (NASDAQ:HSTM) last released its quarterly earnings data on Monday, October 23rd. The technology company reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.03. HealthStream had a net margin of 2.36% and a return on equity of 2.46%. The firm had revenue of $63.60 million for the quarter, compared to the consensus estimate of $62.48 million. During the same period in the previous year, the company earned $0.04 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. equities research analysts expect that HealthStream, Inc. will post 0.23 EPS for the current fiscal year.
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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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