Connor Clark & Lunn Investment Management Ltd. Boosts Position in HealthStream, Inc. (NASDAQ:HSTM)

Connor Clark & Lunn Investment Management Ltd. increased its holdings in HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 81.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,615 shares of the technology company's stock after purchasing an additional 17,286 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.13% of HealthStream worth $1,114,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in HSTM. GAMMA Investing LLC raised its stake in HealthStream by 172.1% during the second quarter. GAMMA Investing LLC now owns 996 shares of the technology company's stock worth $28,000 after buying an additional 630 shares during the last quarter. Point72 DIFC Ltd bought a new position in shares of HealthStream in the 2nd quarter worth about $38,000. Copeland Capital Management LLC acquired a new position in shares of HealthStream in the 3rd quarter valued at about $63,000. CWM LLC boosted its position in shares of HealthStream by 405.4% during the 2nd quarter. CWM LLC now owns 2,709 shares of the technology company's stock valued at $76,000 after purchasing an additional 2,173 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in HealthStream during the second quarter worth approximately $214,000. Institutional investors own 69.58% of the company's stock.

HealthStream Price Performance

Shares of HSTM traded up $0.49 during mid-day trading on Thursday, hitting $33.03. The stock had a trading volume of 163,478 shares, compared to its average volume of 117,636. HealthStream, Inc. has a 52 week low of $23.92 and a 52 week high of $33.43. The business has a fifty day moving average price of $29.91 and a 200-day moving average price of $28.81. The firm has a market cap of $1.00 billion, a P/E ratio of 50.82, a PEG ratio of 4.33 and a beta of 0.35.

HealthStream (NASDAQ:HSTM - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.06. The business had revenue of $73.10 million for the quarter, compared to analysts' expectations of $73.53 million. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The firm's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.13 EPS. As a group, research analysts expect that HealthStream, Inc. will post 0.63 earnings per share for the current fiscal year.

HealthStream Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a $0.028 dividend. This represents a $0.11 annualized dividend and a yield of 0.34%. The ex-dividend date was Monday, November 4th. HealthStream's dividend payout ratio (DPR) is presently 16.92%.

Analyst Ratings Changes

A number of research analysts recently issued reports on HSTM shares. Barclays boosted their target price on shares of HealthStream from $32.00 to $34.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Canaccord Genuity Group upped their target price on shares of HealthStream from $28.00 to $29.00 and gave the stock a "hold" rating in a research note on Wednesday, October 23rd. Finally, Craig Hallum upgraded shares of HealthStream to a "strong-buy" rating in a report on Thursday, October 17th. 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 stock. According to 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.