Acadian Asset Management LLC Lowers Holdings in HealthStream, Inc. (NASDAQ:HSTM)

Acadian Asset Management LLC lowered its stake in shares of HealthStream, Inc. (NASDAQ:HSTM) by 2.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 619,882 shares of the technology company’s stock after selling 15,414 shares during the quarter. Acadian Asset Management LLC owned about 2.04% of HealthStream worth $16,512,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of HSTM. Illinois Municipal Retirement Fund boosted its holdings in HealthStream by 3.7% in the fourth quarter. Illinois Municipal Retirement Fund now owns 13,658 shares of the technology company’s stock valued at $369,000 after acquiring an additional 493 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of HealthStream by 79.4% during the 4th quarter. Parallel Advisors LLC now owns 1,132 shares of the technology company’s stock worth $31,000 after purchasing an additional 501 shares during the period. New York State Common Retirement Fund increased its position in HealthStream by 11.6% during the 4th quarter. New York State Common Retirement Fund now owns 9,214 shares of the technology company’s stock worth $249,000 after purchasing an additional 955 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in HealthStream by 1.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 78,749 shares of the technology company’s stock valued at $2,134,000 after buying an additional 1,131 shares during the period. Finally, New York State Teachers Retirement System raised its holdings in HealthStream by 16.1% in the fourth quarter. New York State Teachers Retirement System now owns 16,166 shares of the technology company’s stock valued at $437,000 after buying an additional 2,239 shares during the period. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Scott Fenstermacher sold 1,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $26.19, for a total value of $26,190.00. Following the transaction, the senior vice president now owns 13,008 shares in the company, valued at $340,679.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 20.60% of the company’s stock.

HealthStream Stock Performance

Shares of NASDAQ:HSTM traded up $0.04 during mid-day trading on Friday, hitting $30.38. 107,668 shares of the company traded hands, compared to its average volume of 127,241. The firm’s 50 day simple moving average is $27.85 and its 200 day simple moving average is $26.92. The firm has a market cap of $923.55 million, a P/E ratio of 52.38, a PEG ratio of 4.69 and a beta of 0.38. HealthStream, Inc. has a 52-week low of $20.47 and a 52-week high of $31.15.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings data on Monday, April 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. The company had revenue of $72.80 million for the quarter, compared to analyst estimates of $71.88 million. HealthStream had a net margin of 6.30% and a return on equity of 5.21%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 earnings per share. Equities research analysts expect that HealthStream, Inc. will post 0.54 EPS for the current fiscal year.

HealthStream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Monday, May 6th were given a $0.028 dividend. The ex-dividend date was Friday, May 3rd. This represents a $0.11 dividend on an annualized basis and a yield of 0.37%. HealthStream’s payout ratio is currently 18.97%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of HealthStream from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 6th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $32.00.

HealthStream Company 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.