HealthStream, Inc. (HSTM) Stake Lifted by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC lifted its stake in shares of HealthStream, Inc. (NASDAQ:HSTM) by 17.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,799 shares of the technology company’s stock after acquiring an additional 5,014 shares during the period. Parametric Portfolio Associates LLC owned 0.11% of HealthStream worth $890,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. State of Alaska Department of Revenue lifted its holdings in shares of HealthStream by 79.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,040 shares of the technology company’s stock worth $132,000 after acquiring an additional 2,230 shares during the period. Bank of Montreal Can lifted its holdings in shares of HealthStream by 1.1% during the 2nd quarter. Bank of Montreal Can now owns 5,720 shares of the technology company’s stock worth $151,000 after acquiring an additional 65 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in shares of HealthStream by 5.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,000 shares of the technology company’s stock worth $158,000 after acquiring an additional 290 shares during the period. UBS Asset Management Americas Inc. purchased a new position in shares of HealthStream during the 2nd quarter worth about $205,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of HealthStream by 53.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,131 shares of the technology company’s stock worth $214,000 after acquiring an additional 2,849 shares during the period. Institutional investors and hedge funds own 76.70% of the company’s stock.
HSTM has been the topic of several recent analyst reports. Robert W. Baird reiterated a “buy” rating and set a $30.00 price objective on shares of HealthStream in a report on Thursday, August 31st. Needham & Company LLC cut their price target on shares of HealthStream from $32.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, July 26th. First Analysis upgraded shares of HealthStream from an “underweight” rating to an “equal weight” rating and set a $19.00 price target on the stock in a report on Wednesday, July 26th. Canaccord Genuity restated a “hold” rating and issued a $25.00 price target on shares of HealthStream in a report on Thursday, July 27th. Finally, Zacks Investment Research lowered shares of HealthStream from a “buy” rating to a “hold” rating in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $24.83.
HealthStream, Inc. (HSTM) opened at $23.92 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 $762.95, a P/E ratio of 108.73, a P/E/G ratio of 6.42 and a beta of 0.93.
HealthStream (NASDAQ:HSTM) last posted its quarterly earnings results on Monday, October 23rd. The technology company reported $0.08 EPS for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $62.48 million. During the same quarter last year, the firm posted $0.04 earnings per share. HealthStream’s revenue for the quarter was up 8.9% compared to the same quarter last year. analysts forecast that HealthStream, Inc. will post 0.23 earnings per share for the current fiscal year.
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.
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