Pembroke Management Ltd Lowers stake in HealthStream (HSTM)

HealthStream (HSTM) : Pembroke Management Ltd reduced its stake in HealthStream by 3.08% during the most recent quarter end. The investment management company now holds a total of 1,693,928 shares of HealthStream which is valued at $37,080,084 after selling 53,800 shares in HealthStream , the firm said in a disclosure report filed with the SEC on May 3, 2016.HealthStream makes up approximately 3.51% of Pembroke Management Ltd’s portfolio.

Other Hedge Funds, Including , Riverbridge Partners boosted its stake in HSTM in the latest quarter, The investment management firm added 9,141 additional shares and now holds a total of 1,306,501 shares of HealthStream which is valued at $29,553,053. HealthStream makes up approx 0.62% of Riverbridge Partners’s portfolio.Granite Investment Partners reduced its stake in HSTM by selling 6,983 shares or 12.02% in the most recent quarter. The Hedge Fund company now holds 51,105 shares of HSTM which is valued at $1,155,995. HealthStream makes up approx 0.10% of Granite Investment Partners’s portfolio.Texas Permanent School Fund reduced its stake in HSTM by selling 705 shares or 3.49% in the most recent quarter. The Hedge Fund company now holds 19,501 shares of HSTM which is valued at $441,113. HealthStream makes up approx 0.01% of Texas Permanent School Fund’s portfolio.Thomson Horstmann Bryant Inc reduced its stake in HSTM by selling 29,824 shares or 6.3% in the most recent quarter. The Hedge Fund company now holds 443,778 shares of HSTM which is valued at $10,300,087. HealthStream makes up approx 1.20% of Thomson Horstmann Bryant Inc’s portfolio.

HealthStream opened for trading at $22.15 and hit $22.51 on the upside on Tuesday, eventually ending the session at $22.49, with a gain of 2.32% or 0.51 points. The heightened volatility saw the trading volume jump to 46,838 shares. Company has a market cap of $714 M.

On the company’s financial health, HealthStream reported $0.05 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 25, 2016. Analyst had a consensus of $0.07. The company had revenue of $54.10 million for the quarter, compared to analysts expectations of $54.03 million. The company’s revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Many Wall Street Analysts have commented on HealthStream. FBR Capital Initiated HealthStream on Mar 29, 2016 to “Outperform”, Price Target of the shares are set at $27.Needham Upgraded HealthStream on Feb 17, 2016 to ” Buy”, Price Target of the shares are set at $26.

HealthStream Inc. (HealthStream) provides software as a service (SaaS)-based workforce development solutions and research/patient experience solutions for healthcare organizations designed to assess and develop the people that deliver patient care. HealthStream’s products and services are organized into two segments: HealthStream Workforce Development Solutions and HealthStream Research/Patient Experience Solutions. The Company also offers credentialing privileging quality management and contact center optimization solutions for healthcare organizations. The Company delivers educational activities and training courseware to its customers through its platform application the HealthStream Learning Center (HLC) while delivering competency management and performance appraisal tools through its platform applications the HealthStream Competency Center (HCC) and HealthStream Performance Center (HPC) respectively all on the SaaS-based platform.

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