Corebridge Financial Inc. Sells 1,012 Shares of HealthStream, Inc. (NASDAQ:HSTM)

Corebridge Financial Inc. decreased its position in HealthStream, Inc. (NASDAQ:HSTM) by 7.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,965 shares of the technology company’s stock after selling 1,012 shares during the period. Corebridge Financial Inc.’s holdings in HealthStream were worth $412,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Copeland Capital Management LLC boosted its stake in shares of HealthStream by 17,363.4% during the fourth quarter. Copeland Capital Management LLC now owns 379,306 shares of the technology company’s stock valued at $12,062,000 after purchasing an additional 377,134 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of HealthStream by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 3,055,060 shares of the technology company’s stock worth $97,151,000 after acquiring an additional 92,067 shares during the last quarter. Teacher Retirement System of Texas increased its stake in HealthStream by 128.1% during the 4th quarter. Teacher Retirement System of Texas now owns 79,364 shares of the technology company’s stock valued at $2,524,000 after purchasing an additional 44,571 shares in the last quarter. Annex Advisory Services LLC purchased a new position in HealthStream in the 4th quarter worth $1,149,000. Finally, Sei Investments Co. increased its holdings in HealthStream by 17.6% in the 4th quarter. Sei Investments Co. now owns 234,210 shares of the technology company’s stock worth $7,448,000 after buying an additional 35,075 shares during the period. Institutional investors own 69.58% of the company’s stock.

HealthStream Stock Performance

HSTM opened at $31.79 on Thursday. HealthStream, Inc. has a one year low of $23.92 and a one year high of $34.24. The business’s 50 day moving average price is $32.46 and its 200 day moving average price is $31.54. The stock has a market capitalization of $967.50 million, a PE ratio of 48.91, a P/E/G ratio of 4.37 and a beta of 0.42.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings data on Monday, February 24th. The technology company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. The firm had revenue of $74.24 million for 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, equities research analysts forecast that HealthStream, Inc. will post 0.63 earnings per share for the current fiscal year.

HealthStream Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were paid a $0.031 dividend. This is a positive change from HealthStream’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.12 annualized dividend and a dividend yield of 0.39%. HealthStream’s dividend payout ratio (DPR) is presently 18.18%.

Analyst Upgrades and Downgrades

HSTM has been the subject of several recent research reports. William Blair reiterated an “outperform” rating on shares of HealthStream in a research report on Tuesday, February 25th. JMP Securities reissued a “market perform” rating on shares of HealthStream in a report on Thursday, February 6th. Finally, Canaccord Genuity Group upped their price objective on shares of HealthStream from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Wednesday, February 26th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.