Legal & General Group Plc Takes Position in HealthStream, Inc. $HSTM

Legal & General Group Plc acquired a new position in HealthStream, Inc. (NASDAQ:HSTM) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 58,272 shares of the technology company’s stock, valued at approximately $1,588,000.

Other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in shares of HealthStream by 194.2% in the 1st quarter. Royal Bank of Canada now owns 43,899 shares of the technology company’s stock valued at $1,413,000 after buying an additional 28,977 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in HealthStream by 15.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,354 shares of the technology company’s stock worth $1,749,000 after acquiring an additional 7,211 shares during the period. Jane Street Group LLC purchased a new position in HealthStream during the first quarter valued at approximately $1,532,000. JPMorgan Chase & Co. raised its position in HealthStream by 302.0% during the second quarter. JPMorgan Chase & Co. now owns 247,905 shares of the technology company’s stock valued at $6,860,000 after acquiring an additional 186,231 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in HealthStream by 11.6% in the second quarter. American Century Companies Inc. now owns 58,541 shares of the technology company’s stock valued at $1,620,000 after acquiring an additional 6,096 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Weiss Ratings upgraded HealthStream from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 28th. Wall Street Zen upgraded shares of HealthStream from a “hold” rating to a “buy” rating in a research note on Sunday, August 30th. Finally, Canaccord Genuity Group increased their price target on shares of HealthStream from $24.00 to $27.00 and gave the stock a “hold” rating in a report on Tuesday, July 21st. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $27.00.

HealthStream Price Performance

Shares of HealthStream stock opened at $29.20 on Monday. HealthStream, Inc. has a twelve month low of $19.50 and a twelve month high of $31.11. The business has a 50-day moving average price of $28.50 and a 200 day moving average price of $24.67. The firm has a market cap of $853.22 million, a PE ratio of 40.56, a P/E/G ratio of 3.38 and a beta of 0.44.

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

HealthStream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 17th were paid 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 was Monday, August 17th. HealthStream’s dividend payout ratio is presently 19.44%.

Insider Activity

In related news, Director Linda Rebrovick sold 6,000 shares of HealthStream stock in a transaction on Monday, July 6th. The shares were sold at an average price of $29.00, for a total value of $174,000.00. Following the sale, the director owned 51,329 shares of the company’s stock, valued at approximately $1,488,541. This trade represents a 10.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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.