Cornerstone Capital Management Holdings LLC. Invests $448,000 in HealthStream, Inc. (HSTM)

Cornerstone Capital Management Holdings LLC. purchased a new position in HealthStream, Inc. (NASDAQ:HSTM) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 19,200 shares of the technology company’s stock, valued at approximately $448,000. Cornerstone Capital Management Holdings LLC. owned about 0.06% of HealthStream as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC grew its position in shares of HealthStream by 2.5% in the second quarter. FMR LLC now owns 4,733,510 shares of the technology company’s stock valued at $124,586,000 after purchasing an additional 116,309 shares during the period. Vanguard Group Inc. grew its position in shares of HealthStream by 4.0% in the second quarter. Vanguard Group Inc. now owns 2,324,958 shares of the technology company’s stock valued at $61,193,000 after purchasing an additional 89,220 shares during the period. Conestoga Capital Advisors LLC grew its position in shares of HealthStream by 14.3% in the third quarter. Conestoga Capital Advisors LLC now owns 1,497,650 shares of the technology company’s stock valued at $35,000,000 after purchasing an additional 186,948 shares during the period. Dimensional Fund Advisors LP grew its position in shares of HealthStream by 4.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,239,449 shares of the technology company’s stock valued at $28,966,000 after purchasing an additional 51,900 shares during the period. Finally, Janus Henderson Group PLC purchased a new stake in shares of HealthStream in the second quarter valued at $23,186,000. 74.32% of the stock is owned by institutional investors.

Shares of HealthStream, Inc. (NASDAQ:HSTM) opened at $23.37 on Wednesday. HealthStream, Inc. has a 1 year low of $20.60 and a 1 year high of $31.53. The stock has a market capitalization of $745.42, a PE ratio of 129.83, a price-to-earnings-growth ratio of 6.25 and a beta of 0.90.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings results on Monday, October 23rd. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.03. HealthStream had a return on equity of 2.46% and a net margin of 2.36%. The firm had revenue of $63.60 million during the quarter, compared to the consensus estimate of $62.48 million. During the same quarter in the previous year, the business earned $0.04 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. analysts anticipate that HealthStream, Inc. will post 0.23 earnings per share for the current fiscal year.

HSTM has been the subject of a number of recent analyst reports. Robert W. Baird reaffirmed a “buy” rating and issued a $30.00 price objective on shares of HealthStream in a research report on Thursday, August 31st. Needham & Company LLC downgraded HealthStream from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Canaccord Genuity reaffirmed a “hold” rating and issued a $25.00 price objective on shares of HealthStream in a research report on Monday, October 23rd. Zacks Investment Research downgraded HealthStream from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Finally, ValuEngine downgraded HealthStream from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $24.83.

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About HealthStream

HealthStream, Inc (HealthStream) provides workforce, patient experience and provider solutions for healthcare organizations. The Company operates in three segments: HealthStream Workforce Solutions, HealthStream Patient Experience Solutions and HealthStream Provider Solutions. HealthStream’s products and services are organized into three segments: Workforce Solutions, Patient Experience Solutions, and Provider Solutions.

Institutional Ownership by Quarter for HealthStream (NASDAQ:HSTM)

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