HealthStream, Inc. (NASDAQ:HSTM) Position Cut by Janus Henderson Group PLC

Janus Henderson Group PLC reduced its holdings in HealthStream, Inc. (NASDAQ:HSTM) by 45.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 422,198 shares of the technology company’s stock after selling 357,029 shares during the quarter. Janus Henderson Group PLC owned about 1.31% of HealthStream worth $11,530,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Piedmont Investment Advisors LLC acquired a new position in HealthStream in the second quarter valued at $165,000. SG Americas Securities LLC acquired a new position in HealthStream in the second quarter valued at $213,000. Stevens Capital Management LP acquired a new position in HealthStream in the first quarter valued at $203,000. Victory Capital Management Inc. acquired a new position in HealthStream in the first quarter valued at $210,000. Finally, Barclays PLC boosted its holdings in HealthStream by 45.6% in the first quarter. Barclays PLC now owns 9,444 shares of the technology company’s stock valued at $235,000 after acquiring an additional 2,958 shares during the last quarter. 72.14% of the stock is owned by institutional investors and hedge funds.

NASDAQ:HSTM opened at $29.17 on Tuesday. HealthStream, Inc. has a one year low of $21.15 and a one year high of $31.86. The stock has a market capitalization of $1.00 billion, a P/E ratio of 108.44, a price-to-earnings-growth ratio of 5.14 and a beta of 0.62.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings results on Monday, July 23rd. The technology company reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.04. The business had revenue of $57.00 million for the quarter, compared to analysts’ expectations of $56.68 million. HealthStream had a return on equity of 3.75% and a net margin of 13.79%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.07 earnings per share. Analysts forecast that HealthStream, Inc. will post 0.36 EPS for the current year.

A number of brokerages recently weighed in on HSTM. Barrington Research cut HealthStream from an “outperform” rating to a “market perform” rating and set a $30.00 target price on the stock. in a report on Wednesday, July 11th. Zacks Investment Research upgraded HealthStream from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Thursday, July 26th. ValuEngine upgraded HealthStream from a “hold” rating to a “buy” rating in a research note on Tuesday, July 10th. BidaskClub upgraded HealthStream from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. Finally, Robert W. Baird cut HealthStream from an “outperform” rating to a “neutral” rating and set a $28.00 price objective on the stock. in a research note on Thursday, June 14th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. HealthStream presently has an average rating of “Hold” and a consensus target price of $27.00.

HealthStream Profile

HealthStream, Inc provides workforce and provider solutions to the healthcare organizations in the United States. It operates in HealthStream Workforce Solutions and HealthStream Provider Solutions segments. The company offers workforce development solutions comprising software-as-a-service (SaaS) and subscription-based products to meet talent management, training, certification, competency assessment, performance appraisal, and development needs, as well as training, implementation, and account management services.

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Institutional Ownership by Quarter for HealthStream (NASDAQ:HSTM)

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