Martingale Asset Management L P acquired a new stake in HealthStream, Inc. (NASDAQ:HSTM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 49,506 shares of the technology company’s stock, valued at approximately $1,147,000. Martingale Asset Management L P owned 0.16% of HealthStream at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the stock. Wells Fargo & Company MN increased its position in HealthStream by 1.0% during the second quarter. Wells Fargo & Company MN now owns 21,781 shares of the technology company’s stock worth $573,000 after buying an additional 206 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in shares of HealthStream by 10.4% during the second quarter. New York State Common Retirement Fund now owns 28,700 shares of the technology company’s stock worth $755,000 after purchasing an additional 2,699 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in shares of HealthStream by 17.4% during the second quarter. Parametric Portfolio Associates LLC now owns 33,799 shares of the technology company’s stock worth $890,000 after purchasing an additional 5,014 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of HealthStream by 11.7% during the second quarter. Voya Investment Management LLC now owns 12,500 shares of the technology company’s stock worth $329,000 after purchasing an additional 1,307 shares during the last quarter. Finally, State Street Corp boosted its holdings in HealthStream by 4.4% in the second quarter. State Street Corp now owns 616,851 shares of the technology company’s stock valued at $16,239,000 after acquiring an additional 25,912 shares during the last quarter. Hedge funds and other institutional investors own 70.97% of the company’s stock.
In other news, Director Linda Rebrovick sold 21,000 shares of the stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $24.20, for a total transaction of $508,200.00. Following the sale, the director now directly owns 38,006 shares of the company’s stock, valued at $919,745.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey Doster sold 10,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $24.57, for a total transaction of $245,700.00. Following the sale, the insider now directly owns 45,235 shares in the company, valued at $1,111,423.95. The disclosure for this sale can be found here. Insiders sold 81,452 shares of company stock valued at $1,979,525 in the last three months. Company insiders own 21.10% of the company’s stock.
HealthStream, Inc. (NASDAQ HSTM) traded down $0.41 during midday trading on Wednesday, hitting $24.56. 123,423 shares of the stock were exchanged, compared to its average volume of 129,385. The firm has a market capitalization of $800.36, a P/E ratio of 81.07, a PEG ratio of 5.58 and a beta of 0.83. HealthStream, Inc. has a 1-year low of $21.15 and a 1-year high of $31.53.
HealthStream (NASDAQ:HSTM) last released its quarterly earnings results on Tuesday, February 20th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.01. HealthStream had a net margin of 4.04% and a return on equity of 2.73%. The company had revenue of $62.76 million during the quarter, compared to analysts’ expectations of $61.98 million. equities analysts expect that HealthStream, Inc. will post 0.28 EPS for the current fiscal year.
The firm also recently declared a special dividend, which will be paid on Tuesday, April 3rd. Investors of record on Tuesday, March 6th will be given a $1.00 dividend. The ex-dividend date of this dividend is Monday, March 5th.
A number of research analysts recently weighed in on the company. BidaskClub cut HealthStream from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. William Blair reissued an “outperform” rating on shares of HealthStream in a report on Tuesday, February 13th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $24.00 target price on shares of HealthStream in a report on Monday, February 12th. ValuEngine downgraded HealthStream from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Finally, Barrington Research restated a “buy” rating and issued a $32.00 target price on shares of HealthStream in a research report on Monday, February 26th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $25.86.
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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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