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

Los Angeles Capital Management LLC trimmed its stake in HealthStream, Inc. (NASDAQ:HSTM) by 10.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 have also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in HealthStream by 172.1% in the second quarter. GAMMA Investing LLC now owns 996 shares of the technology company’s stock valued at $28,000 after purchasing an additional 630 shares in the last quarter. Point72 DIFC Ltd bought a new position in HealthStream in the second quarter valued at approximately $38,000. Copeland Capital Management LLC bought a new position in HealthStream in the third quarter valued at approximately $63,000. CWM LLC grew its stake in HealthStream by 405.4% in the second quarter. CWM LLC now owns 2,709 shares of the technology company’s stock valued at $76,000 after purchasing an additional 2,173 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in HealthStream in the second quarter valued at approximately $214,000. 69.58% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other HealthStream news, Director Tate Deborah Taylor sold 1,400 shares of the firm’s stock in a transaction 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 owns 22,326 shares in the company, valued at $636,960.78. This trade represents a 5.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 20.60% of the company’s stock.

HealthStream Trading Down 2.0 %

NASDAQ:HSTM opened at $31.39 on Monday. The stock has a market cap of $954.88 million, a P/E ratio of 48.29, a PEG ratio of 4.17 and a beta of 0.35. The stock has a 50 day simple moving average of $29.35 and a 200 day simple moving average of $28.54. HealthStream, Inc. has a 1-year low of $23.92 and a 1-year high of $32.93.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings results on Monday, October 21st. The technology company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.06. The business had revenue of $73.10 million during the quarter, compared to analysts’ expectations of $73.53 million. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the firm posted $0.13 EPS. As a group, sell-side analysts forecast that HealthStream, Inc. will post 0.63 EPS for the current year.

HealthStream Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a dividend of $0.028 per share. The ex-dividend date was Monday, November 4th. This represents a $0.11 annualized dividend and a yield of 0.36%. HealthStream’s payout ratio is currently 16.92%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HSTM shares. Barclays raised their price objective on HealthStream from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. StockNews.com cut HealthStream from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 24th. Canaccord Genuity Group raised their price objective on HealthStream from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Finally, Craig Hallum raised HealthStream to a “strong-buy” rating in a research report on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average 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.