Citigroup Inc. Has $243,000 Holdings in HealthStream, Inc. (NASDAQ:HSTM)

Citigroup Inc. lessened its holdings in HealthStream, Inc. (NASDAQ:HSTM) by 45.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,267 shares of the technology company’s stock after selling 9,232 shares during the period. Citigroup Inc.’s holdings in HealthStream were worth $243,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in HealthStream by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 2,751,207 shares of the technology company’s stock valued at $54,804,000 after acquiring an additional 13,515 shares during the period. Dimensional Fund Advisors LP raised its stake in HealthStream by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,539,740 shares of the technology company’s stock valued at $37,816,000 after acquiring an additional 8,634 shares during the period. State Street Corp raised its stake in HealthStream by 0.3% in the 1st quarter. State Street Corp now owns 926,306 shares of the technology company’s stock valued at $25,103,000 after acquiring an additional 2,722 shares during the period. Punch & Associates Investment Management Inc. raised its stake in HealthStream by 9.3% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 781,333 shares of the technology company’s stock valued at $21,174,000 after acquiring an additional 66,361 shares during the period. Finally, Heartland Advisors Inc. raised its stake in HealthStream by 3.1% in the 3rd quarter. Heartland Advisors Inc. now owns 635,132 shares of the technology company’s stock valued at $14,913,000 after acquiring an additional 19,361 shares during the period. Institutional investors own 69.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on HSTM shares. StockNews.com cut HealthStream from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 21st. Barclays began coverage on HealthStream in a research report on Wednesday, January 3rd. They set an “overweight” rating and a $32.00 price objective on the stock. William Blair reiterated an “outperform” rating on shares of HealthStream in a research report on Tuesday, February 20th. Finally, JMP Securities began coverage on HealthStream in a research report on Wednesday, December 6th. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

HealthStream Stock Performance

Shares of NASDAQ HSTM opened at $25.96 on Thursday. HealthStream, Inc. has a 52 week low of $20.47 and a 52 week high of $29.12. The stock has a market capitalization of $786.59 million, a P/E ratio of 51.92, a PEG ratio of 4.26 and a beta of 0.37. The stock’s fifty day moving average is $26.78 and its 200 day moving average is $25.35.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings results on Monday, February 19th. The technology company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.07. HealthStream had a return on equity of 4.71% and a net margin of 5.45%. The company had revenue of $70.58 million for the quarter, compared to analysts’ expectations of $71.83 million. During the same quarter last year, the business earned $0.08 earnings per share. Equities research analysts forecast that HealthStream, Inc. will post 0.51 earnings per share for the current year.

HealthStream Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were given a $0.028 dividend. The ex-dividend date was Friday, March 8th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.43%. This is a boost from HealthStream’s previous quarterly dividend of $0.03. HealthStream’s dividend payout ratio (DPR) is presently 22.00%.

Insider Buying and Selling

In related news, SVP Trisha L. Coady sold 7,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $26.34, for a total value of $184,380.00. Following the transaction, the senior vice president now owns 14,693 shares in the company, valued at $387,013.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Trisha L. Coady sold 7,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $26.34, for a total value of $184,380.00. Following the sale, the senior vice president now directly owns 14,693 shares of the company’s stock, valued at $387,013.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael Sousa sold 15,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $27.25, for a total value of $408,750.00. Following the completion of the sale, the executive vice president now directly owns 42,525 shares in the company, valued at $1,158,806.25. The disclosure for this sale can be found here. 21.30% of the stock is owned by company insiders.

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.