Kornitzer Capital Management Inc. KS cut its stake in HealthStream, Inc. (NASDAQ:HSTM) by 12.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 53,000 shares of the technology company’s stock after selling 7,809 shares during the period. Kornitzer Capital Management Inc. KS owned 0.17% of HealthStream worth $1,395,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Comerica Bank boosted its position in shares of HealthStream by 3.9% in the first quarter. Comerica Bank now owns 28,062 shares of the technology company’s stock valued at $812,000 after buying an additional 1,049 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of HealthStream by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the technology company’s stock valued at $252,000 after buying an additional 200 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of HealthStream by 0.3% in the first quarter. Teachers Advisors LLC now owns 333,482 shares of the technology company’s stock valued at $8,080,000 after buying an additional 1,052 shares during the last quarter. Stephens Investment Management Group LLC boosted its position in shares of HealthStream by 1.7% in the first quarter. Stephens Investment Management Group LLC now owns 561,952 shares of the technology company’s stock valued at $13,616,000 after buying an additional 9,492 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of HealthStream by 27.2% in the first quarter. Bank of America Corp DE now owns 234,618 shares of the technology company’s stock valued at $5,685,000 after buying an additional 50,163 shares during the last quarter. 76.83% of the stock is currently owned by institutional investors.
Shares of HealthStream, Inc. (NASDAQ HSTM) opened at 23.29 on Tuesday. HealthStream, Inc. has a 12-month low of $20.60 and a 12-month high of $31.53. The stock has a 50 day moving average of $26.26 and a 200-day moving average of $25.37. The company has a market capitalization of $742.62 million, a PE ratio of 167.55 and a beta of 0.98.
HealthStream (NASDAQ:HSTM) last issued its quarterly earnings results on Monday, July 24th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.04. The company had revenue of $61.48 million for the quarter, compared to analyst estimates of $61.36 million. HealthStream had a net margin of 1.85% and a return on equity of 2.27%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.04 earnings per share. Analysts predict that HealthStream, Inc. will post $0.22 earnings per share for the current fiscal year.
Several research analysts have issued reports on HSTM shares. Craig Hallum upgraded shares of HealthStream from a “hold” rating to a “buy” rating in a report on Tuesday, April 25th. Robert W. Baird set a $31.00 target price on shares of HealthStream and gave the stock a “buy” rating in a report on Tuesday, April 25th. Needham & Company LLC increased their target price on shares of HealthStream from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. Zacks Investment Research upgraded shares of HealthStream from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Tuesday, June 27th. Finally, First Analysis upgraded shares of HealthStream from an “underweight” rating to an “equal weight” rating and set a $19.00 target price on the stock in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $26.43.
About HealthStream
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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