Prudential Financial Inc. trimmed its position in HealthStream, Inc. (NASDAQ:HSTM) by 23.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 197,341 shares of the technology company’s stock after selling 62,021 shares during the period. Prudential Financial Inc. owned 0.61% of HealthStream worth $5,103,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Mckinley Capital Management LLC Delaware bought a new stake in shares of HealthStream during the second quarter valued at approximately $3,059,000. JPMorgan Chase & Co. grew its position in HealthStream by 84.8% in the second quarter. JPMorgan Chase & Co. now owns 247,694 shares of the technology company’s stock worth $6,449,000 after buying an additional 113,684 shares during the last quarter. Granite Investment Partners LLC grew its position in HealthStream by 18.5% during the 1st quarter. Granite Investment Partners LLC now owns 623,046 shares of the technology company’s stock worth $17,483,000 after purchasing an additional 97,269 shares in the last quarter. AJO LP grew its position in HealthStream by 78.1% during the 1st quarter. AJO LP now owns 140,946 shares of the technology company’s stock worth $3,955,000 after purchasing an additional 61,804 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its position in HealthStream by 129.8% during the 2nd quarter. Allianz Asset Management GmbH now owns 89,946 shares of the technology company’s stock worth $2,326,000 after purchasing an additional 50,799 shares in the last quarter. Institutional investors and hedge funds own 72.71% of the company’s stock.
HealthStream stock traded up $0.20 during trading hours on Friday, hitting $26.72. 10,161 shares of the stock were exchanged, compared to its average volume of 231,412. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.18 and a current ratio of 2.18. The stock has a market capitalization of $841.06 million, a P/E ratio of 62.14, a P/E/G ratio of 5.66 and a beta of 0.71. HealthStream, Inc. has a 12 month low of $23.06 and a 12 month high of $31.49. The business’s 50-day moving average is $27.18 and its two-hundred day moving average is $26.72.
HealthStream (NASDAQ:HSTM) last issued its quarterly earnings data on Monday, July 22nd. The technology company reported $0.07 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.07. HealthStream had a net margin of 5.71% and a return on equity of 4.22%. The firm had revenue of $63.78 million for the quarter, compared to analysts’ expectations of $63.12 million. During the same period in the prior year, the firm earned $0.11 earnings per share. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, equities analysts predict that HealthStream, Inc. will post 0.38 earnings per share for the current fiscal year.
In other HealthStream news, Director Jeffrey L. Mclaren sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $28.58, for a total value of $142,900.00. Following the completion of the sale, the director now owns 14,193 shares of the company’s stock, valued at $405,635.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.40% of the stock is currently owned by corporate insiders.
HSTM has been the subject of several analyst reports. Zacks Investment Research raised shares of HealthStream from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Thursday, July 25th. Barrington Research restated a “market perform” rating on shares of HealthStream in a report on Thursday, July 25th. BidaskClub downgraded shares of HealthStream from a “buy” rating to a “hold” rating in a report on Wednesday, August 28th. Finally, ValuEngine upgraded shares of HealthStream from a “hold” rating to a “buy” rating in a report on Tuesday, July 9th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. HealthStream presently has a consensus rating of “Hold” and a consensus price target of $28.00.
HealthStream Company Profile
HealthStream, Inc provides workforce and provider solutions for healthcare organizations in the United States. It operates through two segments, Workforce Solutions and Provider Solutions. The company offers workforce solutions, including software-as-a-service (SaaS) based services and subscription-based solutions to meet the training, certification, assessment, development, clinical development, talent management, performance appraisal, and other needs, as well as training, implementation, and account management services for the healthcare community.
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