HealthStream, Inc. (NASDAQ:HSTM) Shares Sold by Millennium Management LLC

Millennium Management LLC reduced its holdings in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 89.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,920 shares of the technology company's stock after selling 205,223 shares during the quarter. Millennium Management LLC owned approximately 0.08% of HealthStream worth $792,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in HSTM. New Age Alpha Advisors LLC acquired a new stake in shares of HealthStream in the fourth quarter valued at approximately $80,000. Meeder Asset Management Inc. acquired a new position in shares of HealthStream during the 4th quarter worth approximately $114,000. Bessemer Group Inc. lifted its stake in HealthStream by 1,074.6% in the 4th quarter. Bessemer Group Inc. now owns 3,747 shares of the technology company's stock valued at $119,000 after buying an additional 3,428 shares in the last quarter. Lee Danner & Bass Inc. acquired a new stake in HealthStream during the 4th quarter valued at $183,000. Finally, Woodmont Investment Counsel LLC acquired a new stake in HealthStream during the 4th quarter valued at $275,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

HealthStream Price Performance

HSTM stock traded down $0.09 during midday trading on Tuesday, hitting $28.13. The stock had a trading volume of 210,033 shares, compared to its average volume of 148,880. The company's 50-day moving average price is $30.06 and its 200 day moving average price is $31.58. The firm has a market cap of $858.67 million, a PE ratio of 43.28, a price-to-earnings-growth ratio of 4.37 and a beta of 0.43. HealthStream, Inc. has a 12-month low of $25.84 and a 12-month high of $34.24.

HealthStream (NASDAQ:HSTM - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The technology company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). The business had revenue of $73.49 million for the quarter, compared to analyst estimates of $74.93 million. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. During the same quarter last year, the business earned $0.17 EPS. As a group, sell-side analysts anticipate that HealthStream, Inc. will post 0.63 EPS for the current year.

HealthStream announced that its board has initiated a stock buyback program on Thursday, May 8th that authorizes the company to repurchase $25.00 million in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its shares are undervalued.

HealthStream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were issued a $0.031 dividend. This represents a $0.12 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Monday, May 19th. HealthStream's dividend payout ratio (DPR) is 19.05%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. William Blair reissued an "outperform" rating on shares of HealthStream in a report on Tuesday, February 25th. Canaccord Genuity Group dropped their price objective on HealthStream from $30.00 to $29.00 and set a "hold" rating for the company in a research report on Thursday, May 15th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.50.

About HealthStream

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.