Cornercap Investment Counsel Inc. Cuts Stake in HealthStream, Inc. (NASDAQ:HSTM)

Cornercap Investment Counsel Inc. reduced its stake in HealthStream, Inc. (NASDAQ:HSTM) by 49.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,110 shares of the technology company’s stock after selling 9,793 shares during the period. Cornercap Investment Counsel Inc.’s holdings in HealthStream were worth $292,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Harbor Capital Advisors Inc. boosted its position in shares of HealthStream by 141.2% during 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 during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of HealthStream by 37.3% during 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 during the last quarter. First Eagle Investment Management LLC boosted its position in shares of HealthStream by 7.1% during 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 during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of HealthStream by 97.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 67,296 shares of the technology company’s stock valued at $1,878,000 after buying an additional 33,161 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in HealthStream by 1.1% in the first quarter. Vanguard Group Inc. now owns 2,938,685 shares of the technology company’s stock valued at $78,345,000 after acquiring an additional 31,943 shares during the period. 69.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HSTM has been the topic of a number of recent research reports. Barclays increased their target price on HealthStream from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Canaccord Genuity Group raised their price objective on HealthStream from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. StockNews.com downgraded HealthStream from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 24th. Finally, Craig Hallum raised HealthStream to a “strong-buy” rating in a research note on Thursday, October 17th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

HealthStream Stock Performance

Shares of HSTM stock opened at $31.39 on Monday. HealthStream, Inc. has a 52-week low of $23.92 and a 52-week high of $32.93. The firm has a market capitalization of $954.88 million, a P/E ratio of 48.29, a P/E/G ratio of 4.17 and a beta of 0.35. The stock has a 50 day moving average price of $29.35 and a 200 day moving average price of $28.54.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings results on Monday, October 21st. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The firm had revenue of $73.10 million during the quarter, compared to analyst estimates of $73.53 million. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. HealthStream’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the company earned $0.13 EPS. As a group, sell-side analysts forecast that HealthStream, Inc. will post 0.63 EPS for the current year.

HealthStream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were given a dividend of $0.028 per share. This represents a $0.11 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date was Monday, November 4th. HealthStream’s dividend payout ratio (DPR) is presently 16.92%.

Insider Transactions at HealthStream

In other HealthStream news, Director Tate Deborah Taylor sold 1,400 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $28.53, for a total transaction of $39,942.00. Following the sale, the director now owns 22,326 shares in the company, valued at approximately $636,960.78. The trade was a 5.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 20.60% of the company’s stock.

About HealthStream

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.