Municipal Employees Retirement System of Michigan raised its position in HealthStream, Inc. (NASDAQ:HSTM) by 59.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,570 shares of the technology company’s stock after purchasing an additional 3,570 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in HealthStream were worth $224,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stevens Capital Management LP acquired a new stake in shares of HealthStream in the 3rd quarter valued at about $367,000. FMR LLC raised its stake in shares of HealthStream by 2.5% in the 2nd quarter. FMR LLC now owns 4,733,510 shares of the technology company’s stock valued at $124,586,000 after purchasing an additional 116,309 shares during the period. Blair William & Co. IL raised its stake in shares of HealthStream by 2.6% in the 2nd quarter. Blair William & Co. IL now owns 71,050 shares of the technology company’s stock valued at $1,870,000 after purchasing an additional 1,795 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of HealthStream by 5.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 107,018 shares of the technology company’s stock valued at $2,594,000 after purchasing an additional 5,277 shares during the period. Finally, Northern Trust Corp raised its stake in shares of HealthStream by 6.1% in the 2nd quarter. Northern Trust Corp now owns 468,703 shares of the technology company’s stock valued at $12,337,000 after purchasing an additional 27,080 shares during the period. 74.42% of the stock is currently owned by hedge funds and other institutional investors.

Shares of HealthStream, Inc. (NASDAQ HSTM) opened at $22.74 on Thursday. The stock has a market capitalization of $713.52, a PE ratio of 101.68, a P/E/G ratio of 5.89 and a beta of 0.90. HealthStream, Inc. has a 12-month low of $20.60 and a 12-month high of $31.53.

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

HSTM has been the topic of several recent research reports. Robert W. Baird reissued a “buy” rating and issued a $30.00 price target on shares of HealthStream in a research note on Thursday, August 31st. Needham & Company LLC downgraded HealthStream from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Canaccord Genuity reaffirmed a “hold” rating and issued a $25.00 target price on shares of HealthStream in a research report on Monday, October 23rd. Zacks Investment Research downgraded HealthStream from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Finally, ValuEngine downgraded HealthStream from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. HealthStream currently has an average rating of “Hold” and a consensus target price of $24.83.

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HealthStream Company Profile

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)

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