State Board of Administration of Florida Retirement System held its stake in shares of HealthStream Inc. (NASDAQ:HSTM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,444 shares of the company’s stock at the end of the second quarter. State Board of Administration of Florida Retirement System owned approximately 0.05% of HealthStream worth $436,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. BNP Paribas Arbitrage SA increased its stake in shares of HealthStream by 127.2% in the second quarter. BNP Paribas Arbitrage SA now owns 7,676 shares of the company’s stock valued at $204,000 after buying an additional 4,297 shares during the period. BB&T Corp bought a new stake in HealthStream during the second quarter worth about $275,000. Capstone Asset Management Co. increased its stake in HealthStream by 14.3% in the second quarter. Capstone Asset Management Co. now owns 11,043 shares of the company’s stock worth $293,000 after buying an additional 1,380 shares during the last quarter. Bank of Montreal Can bought a new stake in HealthStream during the second quarter worth about $300,000. Finally, Kornitzer Capital Management Inc. KS bought a new stake in HealthStream during the second quarter worth about $1,080,000. Hedge funds and other institutional investors own 71.85% of the company’s stock.
HealthStream Inc. (NASDAQ:HSTM) traded down 1.46% on Friday, hitting $26.96. 58,084 shares of the stock were exchanged. The company has a 50 day moving average of $26.55 and a 200 day moving average of $24.59. The stock has a market capitalization of $855.68 million, a P/E ratio of 121.99 and a beta of 1.29. HealthStream Inc. has a one year low of $17.80 and a one year high of $28.84.
HealthStream (NASDAQ:HSTM) last issued its quarterly earnings data on Monday, July 25th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.05. The firm had revenue of $54.80 million for the quarter, compared to analyst estimates of $56.80 million. HealthStream had a net margin of 3.35% and a return on equity of 3.81%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 EPS. On average, equities research analysts forecast that HealthStream Inc. will post $0.29 earnings per share for the current fiscal year.
A number of research firms have issued reports on HSTM. First Analysis downgraded shares of HealthStream from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $30.00 to $27.00 in a research report on Wednesday, July 27th. Zacks Investment Research downgraded shares of HealthStream from a “hold” rating to a “sell” rating in a research report on Wednesday, July 27th. FBR & Co reiterated a “buy” rating on shares of HealthStream in a research report on Wednesday, August 10th. Canaccord Genuity reiterated a “buy” rating and issued a $32.00 target price on shares of HealthStream in a research report on Tuesday, August 9th. Finally, Barrington Research began coverage on shares of HealthStream in a research report on Wednesday, June 29th. They issued an “outperform” rating and a $30.00 target price for the company. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $28.14.
In related news, Director Tate Deborah Taylor sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $24.28, for a total transaction of $36,420.00. Following the completion of the transaction, the director now owns 12,188 shares in the company, valued at $295,924.64. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 21.10% of the company’s stock.
HealthStream Company Profile
HealthStream, Inc provides workforce, patient experience and provider solutions for healthcare organizations. Delivered primarily as Software-as-a-Service (SaaS), the Company’s solutions focus on challenges facing the healthcare workforce and healthcare organizations, including the need to manage, retain, engage and develop healthcare workforce talent; meet compliance requirements; manage ongoing medical staff credentialing and privileging processes, and deliver patient experiences of care in healthcare organizations.