Los Angeles Capital Management LLC Sells 1,400 Shares of HealthStream, Inc. (NASDAQ:HSTM)

Los Angeles Capital Management LLC lowered its position in shares of HealthStream, Inc. (NASDAQ:HSTM) by 10.9% during the third quarter, HoldingsChannel reports. The fund owned 11,434 shares of the technology company’s stock after selling 1,400 shares during the quarter. Los Angeles Capital Management LLC’s holdings in HealthStream were worth $330,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC grew its position in HealthStream by 172.1% during the 2nd quarter. GAMMA Investing LLC now owns 996 shares of the technology company’s stock worth $28,000 after acquiring an additional 630 shares during the last quarter. Point72 DIFC Ltd bought a new stake in HealthStream during the 2nd quarter worth $38,000. Copeland Capital Management LLC bought a new stake in HealthStream during the 3rd quarter worth $63,000. CWM LLC grew its position in HealthStream by 405.4% during the 2nd quarter. CWM LLC now owns 2,709 shares of the technology company’s stock worth $76,000 after acquiring an additional 2,173 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in HealthStream during the 2nd quarter worth $214,000. Institutional investors own 69.58% of the company’s stock.

Insider Activity

In related news, Director Tate Deborah Taylor sold 1,400 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $28.53, for a total transaction of $39,942.00. Following the transaction, the director now directly owns 22,326 shares of the company’s stock, valued at approximately $636,960.78. This represents a 5.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.60% of the stock is owned by company insiders.

HealthStream Trading Down 2.0 %

Shares of HSTM opened at $31.39 on Monday. The company has a market capitalization of $954.88 million, a PE ratio of 48.29, a PEG ratio of 4.17 and a beta of 0.35. The stock’s 50-day moving average price is $29.35 and its two-hundred day moving average price is $28.54. HealthStream, Inc. has a 12 month low of $23.92 and a 12 month high of $32.93.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings data on Monday, October 21st. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The company had revenue of $73.10 million for the quarter, compared to the consensus estimate of $73.53 million. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 EPS. Equities research analysts predict that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

HealthStream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a $0.028 dividend. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date was Monday, November 4th. HealthStream’s dividend payout ratio is 16.92%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HSTM. Craig Hallum upgraded HealthStream to a “strong-buy” rating in a research report on Thursday, October 17th. Canaccord Genuity Group lifted their target price on HealthStream from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Barclays lifted their target price on HealthStream from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, StockNews.com downgraded HealthStream from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 24th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, HealthStream has a consensus rating of “Moderate Buy” and an average target price of $31.50.

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.