Louisiana State Employees Retirement System acquired a new stake in shares of HealthStream, Inc. (NASDAQ:HSTM – Get Rating) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,500 shares of the technology company’s stock, valued at approximately $244,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. ExodusPoint Capital Management LP boosted its position in HealthStream by 61.4% during the 2nd quarter. ExodusPoint Capital Management LP now owns 56,224 shares of the technology company’s stock valued at $1,221,000 after purchasing an additional 21,388 shares during the period. Goldman Sachs Group Inc. boosted its position in HealthStream by 24.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 138,588 shares of the technology company’s stock worth $3,008,000 after acquiring an additional 27,055 shares during the period. Jane Street Group LLC acquired a new position in HealthStream during the 2nd quarter worth $361,000. Western Standard LLC boosted its position in HealthStream by 203.5% during the 2nd quarter. Western Standard LLC now owns 133,636 shares of the technology company’s stock worth $2,901,000 after acquiring an additional 89,605 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in HealthStream by 41.4% during the 2nd quarter. Thrivent Financial for Lutherans now owns 29,060 shares of the technology company’s stock worth $631,000 after acquiring an additional 8,505 shares during the period. Institutional investors and hedge funds own 70.46% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. Canaccord Genuity Group dropped their price objective on HealthStream from $24.00 to $23.00 in a research note on Friday, September 23rd. StockNews.com assumed coverage on HealthStream in a research note on Wednesday, October 12th. They issued a “strong-buy” rating on the stock.
HealthStream Stock Performance
HealthStream (NASDAQ:HSTM – Get Rating) last announced its earnings results on Monday, October 24th. The technology company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. The company had revenue of $67.29 million for the quarter, compared to analyst estimates of $68.39 million. HealthStream had a return on equity of 2.75% and a net margin of 3.52%. HealthStream’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.05 earnings per share. On average, equities research analysts forecast that HealthStream, Inc. will post 0.38 EPS for the current fiscal year.
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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