Los Angeles Capital Management LLC reduced its stake in HealthStream, Inc. (NASDAQ:HSTM – Get Rating) by 38.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,310 shares of the technology company's stock after selling 20,332 shares during the period. Los Angeles Capital Management LLC owned approximately 0.11% of HealthStream worth $644,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP increased its holdings in HealthStream by 25.2% in the 4th quarter. GSA Capital Partners LLP now owns 62,145 shares of the technology company's stock valued at $1,638,000 after purchasing an additional 12,497 shares in the last quarter. Acadian Asset Management LLC increased its holdings in HealthStream by 5.7% in the 4th quarter. Acadian Asset Management LLC now owns 539,606 shares of the technology company's stock valued at $14,199,000 after purchasing an additional 29,254 shares in the last quarter. Granite Investment Partners LLC increased its holdings in HealthStream by 4.2% in the 4th quarter. Granite Investment Partners LLC now owns 822,183 shares of the technology company's stock valued at $21,673,000 after purchasing an additional 32,851 shares in the last quarter. Inspire Investing LLC acquired a new stake in HealthStream in the 1st quarter valued at $235,000. Finally, AM Investment Strategies LLC increased its holdings in HealthStream by 7.3% in the 1st quarter. AM Investment Strategies LLC now owns 72,368 shares of the technology company's stock valued at $1,442,000 after purchasing an additional 4,900 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.
Get HealthStream alerts:Insider Transactions at HealthStream
In other HealthStream news, Director Jeffrey L. Mclaren sold 5,000 shares of the firm's stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $24.17, for a total value of $120,850.00. Following the transaction, the director now owns 13,065 shares of the company's stock, valued at $315,781.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 21.20% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the stock. Canaccord Genuity Group upped their price objective on shares of HealthStream from $22.00 to $24.00 in a research report on Wednesday, July 27th. StockNews.com cut shares of HealthStream from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, August 9th.HealthStream Stock Performance
Shares of HSTM stock opened at $23.89 on Friday. HealthStream, Inc. has a one year low of $18.51 and a one year high of $30.86. The company's 50-day simple moving average is $22.08 and its 200-day simple moving average is $21.20. The stock has a market capitalization of $730.32 million, a price-to-earnings ratio of 103.87, a PEG ratio of 7.98 and a beta of 0.43.
HealthStream (NASDAQ:HSTM – Get Rating) last issued its quarterly earnings results on Monday, July 25th. The technology company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.05 by $0.05. HealthStream had a net margin of 2.73% and a return on equity of 2.70%. The business had revenue of $65.60 million for the quarter, compared to analysts' expectations of $66.27 million. During the same quarter last year, the company posted $0.08 earnings per share. The company's quarterly revenue was up 1.2% compared to the same quarter last year. As a group, research analysts forecast that HealthStream, Inc. will post 0.3 EPS for the current year.
About HealthStream
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HealthStream, Inc provides workforce and provider solutions for healthcare organizations in the United States. It operates through two segments, Workforce Solutions and Provider Solutions. The company offers workforce solutions, including software-as-a-service (SaaS) based services and subscription-based solutions to meet the range of its clinical development, talent management, training, education, certification, scheduling, competency assessment, performance appraisal, and other needs, as well as implementation and account management services.
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