Renaissance Technologies LLC Sells 3,800 Shares of HealthStream, Inc. (NASDAQ:HSTM)

Renaissance Technologies LLC trimmed its stake in HealthStream, Inc. (NASDAQ:HSTM) by 0.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 670,300 shares of the technology company’s stock after selling 3,800 shares during the quarter. Renaissance Technologies LLC owned approximately 2.21% of HealthStream worth $18,701,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of HSTM. Vanguard Group Inc. grew its stake in shares of HealthStream by 1.1% in the first quarter. Vanguard Group Inc. now owns 2,938,685 shares of the technology company’s stock valued at $78,345,000 after buying an additional 31,943 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of HealthStream by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,570,735 shares of the technology company’s stock valued at $43,824,000 after acquiring an additional 15,379 shares during the period. First Eagle Investment Management LLC increased its stake in shares of HealthStream by 21.5% during the 1st quarter. First Eagle Investment Management LLC now owns 494,828 shares of the technology company’s stock worth $13,192,000 after purchasing an additional 87,400 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of HealthStream by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 199,775 shares of the technology company’s stock valued at $5,400,000 after purchasing an additional 5,367 shares during the period. Finally, Hillsdale Investment Management Inc. lifted its stake in HealthStream by 8.7% in the 1st quarter. Hillsdale Investment Management Inc. now owns 188,881 shares of the technology company’s stock valued at $5,036,000 after purchasing an additional 15,150 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors.

HealthStream Stock Down 1.5 %

Shares of HSTM stock opened at $28.67 on Friday. HealthStream, Inc. has a 12-month low of $21.08 and a 12-month high of $31.15. The firm has a 50 day moving average price of $28.81 and a two-hundred day moving average price of $27.45. The company has a market capitalization of $871.51 million, a PE ratio of 49.43, a price-to-earnings-growth ratio of 4.13 and a beta of 0.36.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings results on Monday, July 22nd. The technology company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. The business had revenue of $71.56 million during the quarter, compared to the consensus estimate of $72.85 million. HealthStream had a return on equity of 5.19% and a net margin of 6.26%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 EPS. As a group, research analysts expect that HealthStream, Inc. will post 0.56 EPS for the current year.

HealthStream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 5th were given a dividend of $0.028 per share. This represents a $0.11 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend was Monday, August 5th. HealthStream’s dividend payout ratio is 18.97%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HSTM. Canaccord Genuity Group upped their price objective on HealthStream from $27.00 to $28.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. StockNews.com downgraded HealthStream from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 24th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $30.00.

Insider Buying and Selling at HealthStream

In other news, SVP Kevin P. O’hara sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $28.03, for a total transaction of $84,090.00. Following the transaction, the senior vice president now directly owns 9,527 shares of the company’s stock, valued at $267,041.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Tate Deborah Taylor sold 1,400 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $28.53, for a total transaction of $39,942.00. Following the completion of the sale, the director now owns 22,326 shares of the company’s stock, valued at $636,960.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kevin P. O’hara sold 3,000 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $28.03, for a total transaction of $84,090.00. Following the sale, the senior vice president now owns 9,527 shares in the company, valued at $267,041.81. The disclosure for this sale can be found here. Insiders own 20.60% of the company’s stock.

HealthStream Profile

HealthStream, Inc provides Software-as-a-Service (SaaS) based applications for healthcare organizations in the United States. The company’s solutions help healthcare organizations in meeting their ongoing clinical development, talent management, training, education, assessment, competency management, safety and compliance, and scheduling, as well as provider credentialing, privileging, and enrollment needs.