Magnetar Financial LLC Sells 6,646 Shares of HealthStream, Inc. (NASDAQ:HSTM)

Magnetar Financial LLC lessened its stake in HealthStream, Inc. (NASDAQ:HSTM) by 34.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 12,465 shares of the technology company’s stock after selling 6,646 shares during the quarter. Magnetar Financial LLC’s holdings in HealthStream were worth $396,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP purchased a new position in HealthStream in the 3rd quarter worth approximately $27,000. Vestcor Inc grew its stake in HealthStream by 35.1% in the 3rd quarter. Vestcor Inc now owns 7,494 shares of the technology company’s stock worth $216,000 after buying an additional 1,946 shares in the last quarter. Diversified Trust Co grew its stake in HealthStream by 20.5% in the 4th quarter. Diversified Trust Co now owns 8,733 shares of the technology company’s stock worth $278,000 after buying an additional 1,486 shares in the last quarter. Centiva Capital LP purchased a new position in HealthStream in the 3rd quarter worth approximately $260,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in HealthStream in the 3rd quarter worth approximately $260,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

HealthStream Stock Down 0.6 %

NASDAQ:HSTM opened at $31.55 on Friday. The company has a fifty day moving average of $32.56 and a 200 day moving average of $31.24. HealthStream, Inc. has a 52 week low of $23.92 and a 52 week high of $34.24. The firm has a market capitalization of $960.19 million, a P/E ratio of 48.54, a P/E/G ratio of 4.37 and a beta of 0.37.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings results on Monday, February 24th. The technology company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. The company had revenue of $74.24 million during the quarter, compared to analyst estimates of $73.55 million. During the same period in the prior year, the business posted $0.14 EPS. As a group, analysts anticipate that HealthStream, Inc. will post 0.63 EPS for the current year.

HealthStream Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a dividend of $0.031 per share. This is a positive change from HealthStream’s previous quarterly dividend of $0.03. This represents a $0.12 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend was Monday, March 10th. HealthStream’s dividend payout ratio is currently 18.18%.

Analysts Set New Price Targets

A number of equities analysts have commented on HSTM shares. Canaccord Genuity Group boosted their price target on shares of HealthStream from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Wednesday, February 26th. JMP Securities restated a “market perform” rating on shares of HealthStream in a report on Thursday, February 6th. Finally, William Blair restated an “outperform” rating on shares of HealthStream in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

HealthStream Profile

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.