Mason Street Advisors LLC purchased a new stake in shares of HealthStream Inc. (NASDAQ:HSTM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,776 shares of the company’s stock, valued at approximately $127,000.
Other institutional investors have also recently added to or reduced their stakes in the company. FIL Ltd bought a new stake in HealthStream during the second quarter valued at about $4,637,000. Loomis Sayles & Co. L P raised its stake in HealthStream by 163.1% in the second quarter. Loomis Sayles & Co. L P now owns 205,914 shares of the company’s stock valued at $5,461,000 after buying an additional 127,646 shares during the last quarter. First Light Asset Management LLC raised its stake in HealthStream by 76.1% in the second quarter. First Light Asset Management LLC now owns 205,298 shares of the company’s stock valued at $5,445,000 after buying an additional 88,730 shares during the last quarter. Vanguard Group Inc. raised its stake in HealthStream by 3.3% in the second quarter. Vanguard Group Inc. now owns 2,009,693 shares of the company’s stock valued at $53,296,000 after buying an additional 64,548 shares during the last quarter. Finally, Janus Capital Management LLC raised its stake in HealthStream by 451.5% in the second quarter. Janus Capital Management LLC now owns 76,696 shares of the company’s stock valued at $2,034,000 after buying an additional 62,788 shares during the last quarter. Institutional investors and hedge funds own 72.01% of the company’s stock.
Shares of HealthStream Inc. (NASDAQ:HSTM) opened at 26.20 on Monday. The company has a market capitalization of $831.56 million, a price-to-earnings ratio of 118.55 and a beta of 1.29. HealthStream Inc. has a 12 month low of $17.80 and a 12 month high of $28.84. The firm’s 50-day moving average price is $26.75 and its 200-day moving average price is $24.80.
HealthStream (NASDAQ:HSTM) last posted its quarterly earnings data on Monday, July 25th. The company reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.05. HealthStream had a return on equity of 3.81% and a net margin of 3.35%. The firm had revenue of $54.80 million for the quarter, compared to analysts’ expectations of $56.80 million. During the same quarter last year, the firm posted $0.05 earnings per share. HealthStream’s quarterly revenue was up 5.2% on a year-over-year basis. Equities research analysts expect that HealthStream Inc. will post $0.29 EPS for the current year.
Several equities research analysts have recently issued reports on HSTM shares. Barrington Research started coverage on HealthStream in a research note on Wednesday, June 29th. They issued an “outperform” rating and a $30.00 price objective for the company. First Analysis lowered HealthStream from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $30.00 to $27.00 in a research note on Wednesday, July 27th. FBR & Co reaffirmed a “buy” rating on shares of HealthStream in a research note on Wednesday, August 10th. 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. Finally, Zacks Investment Research lowered HealthStream from a “hold” rating to a “sell” rating in a research note on Wednesday, July 27th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $28.14.
In other HealthStream news, Director Tate Deborah Taylor sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $24.28, for a total transaction of $36,420.00. Following the completion of the sale, the director now directly owns 12,188 shares in the company, valued at approximately $295,924.64. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 21.10% of the company’s stock.
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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