First Trust Advisors LP acquired a new position in shares of HealthStream Inc. (NASDAQ:HSTM) during the second quarter, Holdings Channel reports. The firm acquired 18,836 shares of the company’s stock, valued at approximately $500,000. First Trust Advisors LP owned 0.06% of HealthStream 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. Teachers Advisors Inc. raised 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. Loomis Sayles & Co. L P raised its position in HealthStream by 0.4% in the first quarter. Loomis Sayles & Co. L P now owns 78,268 shares of the company’s stock worth $1,729,000 after buying an additional 291 shares during the period. Prudential Financial Inc. raised its position in HealthStream by 3.0% in the first quarter. Prudential Financial Inc. now owns 62,512 shares of the company’s stock worth $1,381,000 after buying an additional 1,800 shares during the period. California State Teachers Retirement System raised its position in HealthStream by 0.9% in the second quarter. California State Teachers Retirement System now owns 53,961 shares of the company’s stock worth $1,431,000 after buying an additional 461 shares during the period. Finally, Swiss National Bank raised its position in HealthStream by 2.7% in the second quarter. Swiss National Bank now owns 42,500 shares of the company’s stock worth $1,127,000 after buying an additional 1,100 shares during the period. 71.85% of the stock is currently owned by hedge funds and other institutional investors.
HealthStream Inc. (NASDAQ:HSTM) traded up 1.34% during mid-day trading on Wednesday, reaching $27.15. 14,772 shares of the company were exchanged. The company has a market capitalization of $861.71 million, a PE ratio of 122.85 and a beta of 1.29. HealthStream Inc. has a one year low of $17.80 and a one year high of $28.84. The stock has a 50-day moving average price of $26.69 and a 200 day moving average price of $24.72.
HealthStream (NASDAQ:HSTM) last issued its quarterly earnings data on Monday, July 25th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.05. The company had revenue of $54.80 million for the quarter, compared to analysts’ expectations of $56.80 million. HealthStream had a net margin of 3.35% and a return on equity of 3.81%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.05 earnings per share. Analysts predict that HealthStream Inc. will post $0.29 EPS for the current year.
A number of research analysts have weighed in on HSTM shares. Canaccord Genuity reaffirmed a “buy” rating and issued a $32.00 price objective on shares of HealthStream in a research note on Tuesday, August 9th. First Analysis lowered shares of HealthStream from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $30.00 to $27.00 in a research note on Wednesday, July 27th. Zacks Investment Research lowered shares of HealthStream from a “hold” rating to a “sell” rating in a research note on Wednesday, July 27th. FBR & Co reissued a “buy” rating on shares of HealthStream in a research report on Wednesday, August 10th. Finally, Barrington Research began coverage on shares of HealthStream in a research report on Wednesday, June 29th. They set an “outperform” rating and a $30.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average 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 transaction, the director now directly owns 12,188 shares of the company’s stock, valued at approximately $295,924.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 21.10% of the company’s stock.
HealthStream Company Profile
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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