Granite Investment Partners LLC lifted its stake in shares of HealthStream, Inc. (NASDAQ:HSTM) by 38.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,027 shares of the technology company’s stock after purchasing an additional 18,172 shares during the quarter. Granite Investment Partners LLC owned about 0.21% of HealthStream worth $1,543,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Teachers Advisors LLC grew its holdings in HealthStream by 0.3% during the first quarter. Teachers Advisors LLC now owns 333,482 shares of the technology company’s stock worth $8,080,000 after acquiring an additional 1,052 shares during the period. Legal & General Group Plc increased its stake in HealthStream by 1.7% in the 1st quarter. Legal & General Group Plc now owns 43,110 shares of the technology company’s stock worth $1,043,000 after purchasing an additional 709 shares in the last quarter. Thrivent Financial For Lutherans increased its stake in HealthStream by 4.3% in the 1st quarter. Thrivent Financial For Lutherans now owns 14,350 shares of the technology company’s stock worth $348,000 after purchasing an additional 590 shares in the last quarter. Vanguard Group Inc. increased its stake in HealthStream by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 2,235,738 shares of the technology company’s stock worth $54,172,000 after purchasing an additional 102,888 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in HealthStream by 12.2% in the 1st quarter. Geode Capital Management LLC now owns 209,652 shares of the technology company’s stock worth $5,079,000 after purchasing an additional 22,813 shares in the last quarter. Institutional investors and hedge funds own 74.42% of the company’s stock.
Shares of HealthStream, Inc. (NASDAQ HSTM) traded up $0.05 during trading on Thursday, hitting $22.99. The stock had a trading volume of 143,274 shares, compared to its average volume of 146,725. The firm has a market cap of $743.82, a price-to-earnings ratio of 106.00, a price-to-earnings-growth ratio of 6.26 and a beta of 0.90. HealthStream, Inc. has a fifty-two week low of $20.60 and a fifty-two week high of $31.53.
HealthStream (NASDAQ:HSTM) last announced its quarterly earnings results on Monday, October 23rd. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.03. HealthStream had a return on equity of 2.46% and a net margin of 2.36%. The business had revenue of $63.60 million during the quarter, compared to analyst estimates of $62.48 million. During the same period in the previous year, the company earned $0.04 EPS. The firm’s revenue was up 8.9% on a year-over-year basis. sell-side analysts predict that HealthStream, Inc. will post 0.23 EPS for the current fiscal year.
A number of equities analysts recently weighed in on HSTM shares. 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. ValuEngine cut HealthStream from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Canaccord Genuity restated a “hold” rating and set a $25.00 price objective on shares of HealthStream in a research report on Monday, October 23rd. Needham & Company LLC restated a “hold” rating and set a $26.00 price objective on shares of HealthStream in a research report on Tuesday, October 24th. Finally, Zacks Investment Research upgraded HealthStream from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective for the company in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $24.83.
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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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