Renaissance Technologies LLC Decreases Stock Position in HealthStream, Inc. (NASDAQ:HSTM)

Renaissance Technologies LLC lessened its position in HealthStream, Inc. (NASDAQ:HSTM – Get Rating) by 14.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 618,000 shares of the technology company’s stock after selling 108,500 shares during the quarter. Renaissance Technologies LLC owned about 2.02% of HealthStream worth $13,139,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Swiss National Bank lifted its position in HealthStream by 6.8% during the first quarter. Swiss National Bank now owns 59,700 shares of the technology company’s stock worth $1,189,000 after buying an additional 3,800 shares in the last quarter. Citigroup Inc. lifted its position in HealthStream by 7.0% during the first quarter. Citigroup Inc. now owns 22,973 shares of the technology company’s stock worth $458,000 after buying an additional 1,510 shares in the last quarter. MetLife Investment Management LLC lifted its position in HealthStream by 70.8% during the first quarter. MetLife Investment Management LLC now owns 15,509 shares of the technology company’s stock worth $309,000 after buying an additional 6,429 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in HealthStream by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,768 shares of the technology company’s stock worth $434,000 after buying an additional 2,684 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in HealthStream by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,467,146 shares of the technology company’s stock worth $29,226,000 after buying an additional 41,720 shares in the last quarter. Hedge funds and other institutional investors own 70.46% of the company’s stock.

Insider Activity

In other news, Director Tate Deborah Taylor sold 3,374 shares of HealthStream stock in a transaction on Friday, February 24th. The stock was sold at an average price of $25.26, for a total value of $85,227.24. Following the completion of the sale, the director now directly owns 18,488 shares of the company’s stock, valued at $467,006.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 21.20% of the company’s stock.

Wall Street Analyst Weigh In

HSTM has been the topic of a number of analyst reports. Canaccord Genuity Group lifted their price objective on HealthStream from $23.00 to $26.00 and gave the stock a “hold” rating in a research report on Wednesday, February 22nd. StockNews.com raised HealthStream from a “buy” rating to a “strong-buy” rating in a research note on Wednesday.

HealthStream Stock Up 2.0 %

HSTM stock opened at $25.88 on Friday. The business has a fifty day moving average of $24.48 and a two-hundred day moving average of $23.74. The stock has a market cap of $791.41 million, a price-to-earnings ratio of 66.36, a price-to-earnings-growth ratio of 5.42 and a beta of 0.49. HealthStream, Inc. has a 52-week low of $18.81 and a 52-week high of $26.62.

HealthStream (NASDAQ:HSTM – Get Rating) last issued its quarterly earnings data on Monday, February 20th. The technology company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. HealthStream had a return on equity of 3.04% and a net margin of 4.53%. The business had revenue of $68.54 million during the quarter, compared to analysts’ expectations of $68.18 million. During the same period in the previous year, the firm posted $0.05 earnings per share. As a group, sell-side analysts anticipate that HealthStream, Inc. will post 0.39 EPS for the current year.

HealthStream Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Monday, April 17th will be paid a $0.025 dividend. The ex-dividend date is Friday, April 14th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.39%.

About HealthStream

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HealthStream, Inc engages in the provision of services to healthcare organizations. It operates through the following segments: Workforce Solutions and Provider Solutions. The Workforce Solutions segment offers training, certification, assessment, development, and scheduling needs of the healthcare workforce.