Cigna Investments Inc. New lowered its stake in HealthStream, Inc. (NASDAQ:HSTM) by 20.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,803 shares of the technology company’s stock after selling 3,063 shares during the quarter. Cigna Investments Inc. New’s holdings in HealthStream were worth $331,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in HSTM. Meeder Asset Management Inc. increased its holdings in HealthStream by 174.5% in the first quarter. Meeder Asset Management Inc. now owns 1,175 shares of the technology company’s stock valued at $32,000 after purchasing an additional 747 shares during the period. Financial Gravity Companies Inc. acquired a new stake in HealthStream during the 4th quarter worth about $43,000. PNC Financial Services Group Inc. grew its holdings in HealthStream by 8.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,713 shares of the technology company’s stock worth $139,000 after acquiring an additional 449 shares during the period. BNP Paribas Arbitrage SA grew its holdings in HealthStream by 917.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,971 shares of the technology company’s stock worth $168,000 after acquiring an additional 5,384 shares during the period. Finally, Municipal Employees Retirement System of Michigan bought a new position in shares of HealthStream during the 4th quarter worth about $176,000. 71.58% of the stock is currently owned by hedge funds and other institutional investors.
In other HealthStream news, Director Linda Rebrovick sold 15,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $25.90, for a total value of $388,500.00. Following the completion of the sale, the director now directly owns 52,726 shares of the company’s stock, valued at $1,365,603.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 20.40% of the company’s stock.
HealthStream stock traded down $0.59 during mid-day trading on Wednesday, reaching $24.88. The company’s stock had a trading volume of 54,312 shares, compared to its average volume of 101,740. The stock has a fifty day moving average of $25.49. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.10. HealthStream, Inc. has a 12-month low of $23.06 and a 12-month high of $31.86. The firm has a market cap of $805.81 million, a P/E ratio of 57.86, a P/E/G ratio of 6.38 and a beta of 0.66.
HealthStream (NASDAQ:HSTM) last announced its quarterly earnings results on Monday, April 22nd. The technology company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.08. HealthStream had a net margin of 5.93% and a return on equity of 4.68%. The firm had revenue of $65.20 million during the quarter, compared to the consensus estimate of $61.19 million. During the same period last year, the firm earned $0.11 EPS. The business’s quarterly revenue was up 18.8% compared to the same quarter last year. Equities analysts expect that HealthStream, Inc. will post 0.34 EPS for the current fiscal year.
A number of equities analysts have recently issued reports on the stock. ValuEngine cut shares of HealthStream from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. BidaskClub raised shares of HealthStream from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. Zacks Investment Research cut shares of HealthStream from a “buy” rating to a “hold” rating in a research report on Tuesday. Barrington Research reiterated a “hold” rating on shares of HealthStream in a research note on Wednesday, April 24th. Finally, TheStreet upgraded shares of HealthStream from a “c+” rating to a “b-” rating in a research note on Wednesday, February 27th. Six equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average price target of $28.00.
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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