Shell Asset Management Co. Invests $813,000 in HealthStream, Inc. (HSTM)

Shell Asset Management Co. bought a new stake in HealthStream, Inc. (NASDAQ:HSTM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 26,230 shares of the technology company’s stock, valued at approximately $813,000. Shell Asset Management Co. owned 0.08% of HealthStream at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HSTM. Piedmont Investment Advisors LLC acquired a new stake in HealthStream during the 2nd quarter worth about $165,000. BB&T Corp acquired a new stake in HealthStream during the 3rd quarter worth about $205,000. SG Americas Securities LLC acquired a new stake in HealthStream during the 2nd quarter worth about $213,000. Macquarie Group Ltd. acquired a new stake in HealthStream during the 2nd quarter worth about $322,000. Finally, Stevens Capital Management LP grew its position in HealthStream by 50.0% during the 2nd quarter. Stevens Capital Management LP now owns 12,271 shares of the technology company’s stock worth $335,000 after purchasing an additional 4,090 shares during the period. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:HSTM opened at $24.39 on Thursday. HealthStream, Inc. has a 52 week low of $21.15 and a 52 week high of $31.86. The stock has a market cap of $788.42 million, a PE ratio of 90.33, a price-to-earnings-growth ratio of 3.71 and a beta of 0.86.



HealthStream (NASDAQ:HSTM) last posted its earnings results on Monday, October 22nd. The technology company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.03. HealthStream had a return on equity of 4.00% and a net margin of 14.23%. The firm had revenue of $59.93 million for the quarter, compared to analysts’ expectations of $58.22 million. During the same period last year, the firm earned $0.08 EPS. The company’s quarterly revenue was up 9.5% on a year-over-year basis. Analysts predict that HealthStream, Inc. will post 0.39 earnings per share for the current fiscal year.

Several brokerages have weighed in on HSTM. TheStreet downgraded HealthStream from a “b-” rating to a “c+” rating in a research report on Tuesday, November 20th. BidaskClub downgraded HealthStream from a “hold” rating to a “sell” rating in a research report on Tuesday, November 20th. ValuEngine downgraded HealthStream from a “buy” rating to a “hold” rating in a research report on Thursday, November 15th. Zacks Investment Research downgraded HealthStream from a “buy” rating to a “hold” rating in a research report on Friday, October 26th. Finally, Barrington Research reaffirmed a “hold” rating on shares of HealthStream in a research report on Tuesday, October 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $27.40.

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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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