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

Connor Clark & Lunn Investment Management Ltd. cut its position in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 25.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,616 shares of the technology company's stock after selling 9,999 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.09% of HealthStream worth $910,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HSTM. Rhumbline Advisers grew its position in HealthStream by 0.6% during the fourth quarter. Rhumbline Advisers now owns 74,468 shares of the technology company's stock valued at $2,368,000 after acquiring an additional 412 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in shares of HealthStream by 4.8% in the 4th quarter. Sanctuary Advisors LLC now owns 15,445 shares of the technology company's stock valued at $507,000 after purchasing an additional 708 shares in the last quarter. Quarry LP purchased a new position in HealthStream in the 3rd quarter worth $27,000. Diversified Trust Co raised its position in HealthStream by 20.5% in the 4th quarter. Diversified Trust Co now owns 8,733 shares of the technology company's stock worth $278,000 after purchasing an additional 1,486 shares during the period. Finally, Martingale Asset Management L P lifted its stake in HealthStream by 2.7% in the third quarter. Martingale Asset Management L P now owns 57,680 shares of the technology company's stock worth $1,663,000 after purchasing an additional 1,532 shares during the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Canaccord Genuity Group lifted their price objective on HealthStream from $29.00 to $30.00 and gave the stock a "hold" rating in a report on Wednesday, February 26th. JMP Securities restated a "market perform" rating on shares of HealthStream in a research report on Thursday, February 6th. Finally, William Blair reiterated an "outperform" rating on shares of HealthStream in a research report on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, HealthStream currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.00.

HealthStream Stock Up 1.5 %

Shares of HealthStream stock traded up $0.48 during trading on Monday, reaching $32.03. 102,660 shares of the stock were exchanged, compared to its average volume of 121,551. The firm has a market cap of $974.80 million, a price-to-earnings ratio of 49.28, a price-to-earnings-growth ratio of 4.37 and a beta of 0.37. HealthStream, Inc. has a 1 year low of $23.92 and a 1 year high of $34.24. The stock's fifty day moving average is $32.56 and its 200 day moving average is $31.26.

HealthStream (NASDAQ:HSTM - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The technology company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The firm had revenue of $74.24 million for the quarter, compared to analyst estimates of $73.55 million. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. During the same period last year, the company earned $0.14 EPS. Equities analysts forecast that HealthStream, Inc. will post 0.63 earnings per share for the current year.

HealthStream Increases Dividend

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

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.