Strs Ohio Sells 1,600 Shares of HealthStream, Inc. (NASDAQ:HSTM)

Strs Ohio trimmed its position in shares of HealthStream, Inc. (NASDAQ:HSTMGet Rating) by 5.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,500 shares of the technology company’s stock after selling 1,600 shares during the quarter. Strs Ohio owned 0.10% of HealthStream worth $648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of HealthStream in the 2nd quarter worth $331,000. Sageworth Trust Co purchased a new stake in shares of HealthStream in the 2nd quarter worth $210,000. Western Standard LLC increased its stake in shares of HealthStream by 203.5% in the 2nd quarter. Western Standard LLC now owns 133,636 shares of the technology company’s stock worth $2,901,000 after purchasing an additional 89,605 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of HealthStream by 4.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 18,388 shares of the technology company’s stock worth $399,000 after purchasing an additional 820 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in shares of HealthStream by 3.1% in the 2nd quarter. Exchange Traded Concepts LLC now owns 57,420 shares of the technology company’s stock worth $1,247,000 after purchasing an additional 1,706 shares in the last quarter. 70.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on HSTM. Canaccord Genuity Group cut their price target on HealthStream from $24.00 to $23.00 in a research note on Friday, September 23rd. StockNews.com began coverage on HealthStream in a research note on Wednesday, October 12th. They issued a “strong-buy” rating for the company.

HealthStream Stock Performance

Shares of HSTM stock opened at $23.98 on Wednesday. HealthStream, Inc. has a 52-week low of $18.51 and a 52-week high of $26.62. The firm has a market capitalization of $733.14 million, a PE ratio of 79.93, a PEG ratio of 7.31 and a beta of 0.51. The stock has a fifty day simple moving average of $24.79 and a two-hundred day simple moving average of $23.44.

HealthStream (NASDAQ:HSTMGet Rating) last issued its quarterly earnings data on Monday, October 24th. The technology company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. The firm had revenue of $67.29 million during 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%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 earnings per share. On average, sell-side analysts forecast that HealthStream, Inc. will post 0.38 EPS for the current fiscal 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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Institutional Ownership by Quarter for HealthStream (NASDAQ:HSTM)

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