Royal Bank of Canada Raises Stock Holdings in HealthStream, Inc. $HSTM

Royal Bank of Canada lifted its stake in HealthStream, Inc. (NASDAQ:HSTM) by 56.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,265 shares of the technology company’s stock after buying an additional 28,894 shares during the quarter. Royal Bank of Canada’s holdings in HealthStream were worth $1,662,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership raised its stake in HealthStream by 21.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 377,945 shares of the technology company’s stock worth $7,827,000 after acquiring an additional 65,806 shares during the period. Quantinno Capital Management LP boosted its position in shares of HealthStream by 283.5% in the first quarter. Quantinno Capital Management LP now owns 50,169 shares of the technology company’s stock worth $1,039,000 after purchasing an additional 37,088 shares during the period. Lazard Asset Management LLC increased its stake in shares of HealthStream by 268.2% in the first quarter. Lazard Asset Management LLC now owns 157,208 shares of the technology company’s stock worth $3,256,000 after purchasing an additional 114,511 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of HealthStream by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,456,043 shares of the technology company’s stock worth $30,156,000 after purchasing an additional 87,177 shares in the last quarter. Finally, Copeland Capital Management LLC raised its position in shares of HealthStream by 6.2% during the 4th quarter. Copeland Capital Management LLC now owns 887,553 shares of the technology company’s stock valued at $20,476,000 after purchasing an additional 51,470 shares during the period. 69.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HSTM has been the subject of several recent analyst reports. Weiss Ratings raised shares of HealthStream from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Wall Street Zen raised HealthStream from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Canaccord Genuity Group boosted their price objective on HealthStream from $24.00 to $27.00 and gave the company a “hold” rating in a research report on Tuesday, July 21st. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $27.00.

HealthStream Price Performance

Shares of HSTM opened at $28.51 on Wednesday. The firm has a market cap of $832.92 million, a P/E ratio of 39.60, a price-to-earnings-growth ratio of 3.35 and a beta of 0.44. HealthStream, Inc. has a 1 year low of $19.50 and a 1 year high of $31.11. The company has a 50 day simple moving average of $27.68 and a two-hundred day simple moving average of $23.90.

HealthStream (NASDAQ:HSTM) last released its earnings results on Monday, August 3rd. The technology company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.17 by $0.06. HealthStream had a net margin of 6.60% and a return on equity of 6.81%. The firm had revenue of $83.73 million for the quarter, compared to the consensus estimate of $80.82 million. On average, sell-side analysts anticipate that HealthStream, Inc. will post 0.72 earnings per share for the current year.

HealthStream Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 17th will be issued a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, August 17th. HealthStream’s dividend payout ratio is 19.44%.

Insider Activity at HealthStream

In other news, Director Linda Rebrovick sold 6,000 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $29.00, for a total transaction of $174,000.00. Following the completion of the transaction, the director owned 51,329 shares in the company, valued at $1,488,541. This trade represents a 10.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 20.40% of the stock is owned by company insiders.

HealthStream Profile

HealthStream, Inc is a Nashville, Tennessee–based provider of workforce development and learning management solutions for healthcare organizations. Since its founding in 1990, the company has focused on helping hospitals, clinics and other care providers streamline staff training, ensure regulatory compliance and monitor employee performance. HealthStream’s platform integrates online courses, skill competency assessments and credential management tools to support workforce readiness across the healthcare continuum.

The company’s core offerings include a learning management system (LMS) designed specifically for clinical and nonclinical personnel, a competency management suite that tracks skill acquisition and validation, and a content library featuring evidence-based clinical and compliance training modules.