AM Investment Strategies LLC Sells 1,000 Shares of HealthStream, Inc. (NASDAQ:HSTM)

AM Investment Strategies LLC lowered its holdings in shares of HealthStream, Inc. (NASDAQ:HSTM) by 1.6% in the fourth quarter, HoldingsChannel reports. The firm owned 63,144 shares of the technology company’s stock after selling 1,000 shares during the period. AM Investment Strategies LLC’s holdings in HealthStream were worth $1,707,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Exchange Traded Concepts LLC grew its holdings in HealthStream by 0.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 58,816 shares of the technology company’s stock worth $1,590,000 after purchasing an additional 463 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in shares of HealthStream by 3.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 13,658 shares of the technology company’s stock worth $369,000 after acquiring an additional 493 shares during the period. New York State Common Retirement Fund boosted its holdings in shares of HealthStream by 11.6% during the fourth quarter. New York State Common Retirement Fund now owns 9,214 shares of the technology company’s stock worth $249,000 after acquiring an additional 955 shares during the period. Signaturefd LLC boosted its holdings in shares of HealthStream by 568.2% during the third quarter. Signaturefd LLC now owns 1,156 shares of the technology company’s stock worth $25,000 after acquiring an additional 983 shares during the period. Finally, Barclays PLC boosted its holdings in shares of HealthStream by 3.4% during the third quarter. Barclays PLC now owns 29,808 shares of the technology company’s stock worth $643,000 after acquiring an additional 985 shares during the period. Institutional investors own 69.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HSTM. StockNews.com cut HealthStream from a “strong-buy” rating to a “buy” rating in a report on Wednesday. William Blair restated an “outperform” rating on shares of HealthStream in a report on Tuesday, February 20th. Finally, Barclays assumed coverage on HealthStream in a report on Wednesday, January 3rd. They set an “overweight” rating and a $32.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

HealthStream Stock Performance

Shares of NASDAQ HSTM remained flat at $25.92 during midday trading on Thursday. 123,019 shares of the stock were exchanged, compared to its average volume of 105,685. HealthStream, Inc. has a 52 week low of $20.47 and a 52 week high of $29.12. The stock’s fifty day moving average price is $26.13 and its 200 day moving average price is $25.88. The firm has a market cap of $787.97 million, a P/E ratio of 44.66, a P/E/G ratio of 4.21 and a beta of 0.36.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings results on Monday, April 22nd. The technology company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. HealthStream had a net margin of 6.30% and a return on equity of 5.21%. The company had revenue of $72.80 million during the quarter, compared to the consensus estimate of $71.88 million. During the same period in the previous year, the business earned $0.12 earnings per share. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. Sell-side analysts anticipate that HealthStream, Inc. will post 0.52 earnings per share for the current year.

HealthStream Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Monday, May 6th will be given a dividend of $0.028 per share. The ex-dividend date is Friday, May 3rd. This represents a $0.11 annualized dividend and a yield of 0.43%. HealthStream’s dividend payout ratio is currently 18.97%.

Insider Buying and Selling at HealthStream

In other HealthStream news, EVP Michael Sousa sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $27.25, for a total transaction of $408,750.00. Following the completion of the transaction, the executive vice president now directly owns 42,525 shares in the company, valued at $1,158,806.25. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other HealthStream news, EVP Michael Sousa sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $27.25, for a total transaction of $408,750.00. Following the completion of the transaction, the executive vice president now directly owns 42,525 shares in the company, valued at $1,158,806.25. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Trisha L. Coady sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $26.34, for a total transaction of $184,380.00. Following the transaction, the senior vice president now owns 14,693 shares of the company’s stock, valued at $387,013.62. The disclosure for this sale can be found here. Company 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.