Trexquant Investment LP Invests $362,000 in HealthStream, Inc. (HSTM)

Trexquant Investment LP purchased a new stake in shares of HealthStream, Inc. (NASDAQ:HSTM) during the second quarter, Holdings Channel reports. The fund purchased 13,740 shares of the technology company’s stock, valued at approximately $362,000.

A number of other institutional investors also recently modified their holdings of HSTM. PNC Financial Services Group Inc. boosted its position in shares of HealthStream by 0.4% in the first quarter. PNC Financial Services Group Inc. now owns 8,645 shares of the technology company’s stock valued at $210,000 after buying an additional 31 shares during the period. Bank of Montreal Can boosted its position in HealthStream by 1.1% in the second quarter. Bank of Montreal Can now owns 5,720 shares of the technology company’s stock valued at $151,000 after buying an additional 65 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in HealthStream by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the technology company’s stock valued at $252,000 after buying an additional 200 shares during the last quarter. Arizona State Retirement System boosted its position in HealthStream by 1.5% in the first quarter. Arizona State Retirement System now owns 13,264 shares of the technology company’s stock valued at $321,000 after buying an additional 200 shares during the last quarter. Finally, Texas Permanent School Fund boosted its position in HealthStream by 1.2% in the second quarter. Texas Permanent School Fund now owns 18,622 shares of the technology company’s stock valued at $490,000 after buying an additional 217 shares during the last quarter. Hedge funds and other institutional investors own 76.73% of the company’s stock.

HealthStream, Inc. (NASDAQ:HSTM) opened at 22.59 on Thursday. HealthStream, Inc. has a 52-week low of $20.60 and a 52-week high of $31.53. The firm has a market cap of $720.30 million, a PE ratio of 162.52 and a beta of 0.98. The firm’s 50-day moving average price is $24.37 and its 200 day moving average price is $25.36.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings data on Monday, July 24th. The technology company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.04. HealthStream had a net margin of 1.85% and a return on equity of 2.27%. The business had revenue of $61.48 million for the quarter, compared to analyst estimates of $61.36 million. During the same quarter last year, the business earned $0.04 earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, equities analysts anticipate that HealthStream, Inc. will post $0.22 earnings per share for the current year.

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Several equities analysts have issued reports on HSTM shares. Cantor Fitzgerald boosted their target price on HealthStream from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, May 1st. Robert W. Baird reiterated an “outperform” rating and set a $35.00 target price on shares of HealthStream in a research report on Tuesday, June 27th. Needham & Company LLC boosted their target price on HealthStream from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Craig Hallum upgraded HealthStream from a “hold” rating to a “buy” rating in a research report on Tuesday, April 25th. Finally, Zacks Investment Research upgraded HealthStream from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. HealthStream has an average rating of “Hold” and an average price target of $26.43.

HealthStream Company Profile

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.

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Institutional Ownership by Quarter for HealthStream (NASDAQ:HSTM)

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