HealthStream, Inc. (NASDAQ:HSTM) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its stake in HealthStream, Inc. (NASDAQ:HSTMFree Report) by 5.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,864 shares of the technology company’s stock after selling 1,071 shares during the quarter. Thrivent Financial for Lutherans’ holdings in HealthStream were worth $544,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Dimensional Fund Advisors LP grew its stake in shares of HealthStream by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,570,735 shares of the technology company’s stock valued at $43,824,000 after buying an additional 15,379 shares in the last quarter. First Eagle Investment Management LLC grew its stake in shares of HealthStream by 7.1% in the second quarter. First Eagle Investment Management LLC now owns 530,178 shares of the technology company’s stock valued at $14,792,000 after buying an additional 35,350 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of HealthStream by 141.2% in the third quarter. Harbor Capital Advisors Inc. now owns 400,033 shares of the technology company’s stock valued at $11,537,000 after buying an additional 234,148 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of HealthStream by 37.3% in the third quarter. Assenagon Asset Management S.A. now owns 201,601 shares of the technology company’s stock valued at $5,814,000 after buying an additional 54,775 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of HealthStream by 3.8% in the second quarter. Sei Investments Co. now owns 178,019 shares of the technology company’s stock valued at $4,967,000 after buying an additional 6,592 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

HealthStream Stock Up 0.5 %

Shares of NASDAQ HSTM opened at $33.10 on Thursday. HealthStream, Inc. has a fifty-two week low of $23.92 and a fifty-two week high of $33.52. The business has a 50 day moving average price of $30.35 and a two-hundred day moving average price of $29.02. The firm has a market cap of $1.01 billion, a PE ratio of 50.92, a price-to-earnings-growth ratio of 4.41 and a beta of 0.38.

HealthStream (NASDAQ:HSTMGet Free Report) last released its earnings results on Monday, October 21st. The technology company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The company had revenue of $73.10 million for the quarter, compared to the consensus estimate of $73.53 million. During the same quarter last year, the business posted $0.13 EPS. HealthStream’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, analysts anticipate that HealthStream, Inc. will post 0.63 earnings per share for the current year.

HealthStream Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were issued a dividend of $0.028 per share. This represents a $0.11 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend was Monday, November 4th. HealthStream’s dividend payout ratio is presently 16.92%.

Analyst Ratings Changes

A number of research firms have recently issued reports on HSTM. Barclays increased their target price on HealthStream from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Canaccord Genuity Group raised their price objective on HealthStream from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Finally, Craig Hallum upgraded HealthStream to a “strong-buy” rating in a research note on Thursday, October 17th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $31.50.

View Our Latest Stock Analysis on HealthStream

HealthStream Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for HealthStream (NASDAQ:HSTM)

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