Algert Global LLC acquired a new stake in shares of HealthStream, Inc. (NASDAQ:HSTM) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 83,352 shares of the technology company’s stock, valued at approximately $1,948,000. Algert Global LLC owned about 0.26% of HealthStream as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the stock. DF Dent & Co. Inc. grew its position in shares of HealthStream by 39.0% during the 3rd quarter. DF Dent & Co. Inc. now owns 22,332 shares of the technology company’s stock valued at $522,000 after buying an additional 6,262 shares during the last quarter. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of HealthStream during the 3rd quarter valued at about $448,000. Allianz Asset Management GmbH grew its position in shares of HealthStream by 5.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 54,009 shares of the technology company’s stock valued at $1,262,000 after buying an additional 2,612 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of HealthStream by 4.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,239,449 shares of the technology company’s stock valued at $28,966,000 after buying an additional 51,900 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of HealthStream by 48.6% during the 3rd quarter. Wells Fargo & Company MN now owns 32,362 shares of the technology company’s stock valued at $756,000 after buying an additional 10,581 shares during the last quarter. 74.42% of the stock is owned by institutional investors and hedge funds.

HealthStream, Inc. (NASDAQ HSTM) opened at $22.97 on Friday. HealthStream, Inc. has a 1 year low of $20.60 and a 1 year high of $31.53. The company has a market cap of $725.32, a PE ratio of 103.36, a price-to-earnings-growth ratio of 5.99 and a beta of 0.90.

HealthStream (NASDAQ:HSTM) last posted its earnings results on Monday, October 23rd. The technology company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03. HealthStream had a net margin of 2.36% and a return on equity of 2.46%. The firm had revenue of $63.60 million during the quarter, compared to analysts’ expectations of $62.48 million. During the same quarter in the prior year, the firm earned $0.04 EPS. HealthStream’s quarterly revenue was up 8.9% on a year-over-year basis. sell-side analysts forecast that HealthStream, Inc. will post 0.23 earnings per share for the current year.

Several research analysts have commented on the stock. Robert W. Baird decreased their target price on shares of HealthStream from $30.00 to $28.00 and set an “outperform” rating for the company in a research report on Wednesday, October 25th. Needham & Company LLC cut shares of HealthStream from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. ValuEngine cut shares of HealthStream from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Canaccord Genuity restated a “hold” rating and issued a $25.00 target price on shares of HealthStream in a research report on Monday, October 23rd. Finally, Zacks Investment Research cut shares of HealthStream from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $24.83.

TRADEMARK VIOLATION NOTICE: “83,352 Shares in HealthStream, Inc. (HSTM) Purchased by Algert Global LLC” was originally published by Watch List News and is owned by of Watch List News. If you are reading this article on another website, it was stolen and republished in violation of US & international trademark & copyright legislation. The legal version of this article can be viewed at https://www.watchlistnews.com/83352-shares-in-healthstream-inc-hstm-purchased-by-algert-global-llc/1767199.html.

About HealthStream

HealthStream, Inc (HealthStream) provides workforce, patient experience and provider solutions for healthcare organizations. The Company operates in three segments: HealthStream Workforce Solutions, HealthStream Patient Experience Solutions and HealthStream Provider Solutions. HealthStream’s products and services are organized into three segments: Workforce Solutions, Patient Experience Solutions, and Provider Solutions.

Institutional Ownership by Quarter for HealthStream (NASDAQ:HSTM)

Receive News & Ratings for HealthStream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HealthStream and related companies with MarketBeat.com's FREE daily email newsletter.