Pembroke Management Ltd Lowers stake in HealthStream (HSTM)

HealthStream (HSTM) : Pembroke Management Ltd reduced its stake in HealthStream by 2.75% during the most recent quarter end. The investment management company now holds a total of 1,647,428 shares of HealthStream which is valued at $42,553,065 after selling 46,500 shares in HealthStream , the firm said in a disclosure report filed with the SEC on Jul 22, 2016.HealthStream makes up approximately 3.98% of Pembroke Management Ltd’s portfolio.

Other Hedge Funds, Including , Conestoga Capital Advisors reduced its stake in HSTM by selling 228,855 shares or 15.23% in the most recent quarter. The Hedge Fund company now holds 1,273,610 shares of HSTM which is valued at $32,897,346. HealthStream makes up approx 2.39% of Conestoga Capital Advisors’s portfolio.Thomson Horstmann Bryant Inc reduced its stake in HSTM by selling 20,205 shares or 4.44% in the most recent quarter. The Hedge Fund company now holds 434,673 shares of HSTM which is valued at $11,227,604. HealthStream makes up approx 1.39% of Thomson Horstmann Bryant Inc’s portfolio. Simplex Trading sold out all of its stake in HSTM during the most recent quarter. The investment firm sold 1,150 shares of HSTM which is valued $29,900.Capstone Asset Management Co boosted its stake in HSTM in the latest quarter, The investment management firm added 1,380 additional shares and now holds a total of 11,043 shares of HealthStream which is valued at $305,339. HealthStream makes up approx 0.01% of Capstone Asset Management Co’s portfolio.

HealthStream closed down -0.66 points or -2.65% at $24.23 with 97,224 shares getting traded on Friday. Post opening the session at $24.85, the shares hit an intraday low of $24.19 and an intraday high of $24.85 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, HealthStream reported $0.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Jul 25, 2016. Analyst had a consensus of $0.08. The company had revenue of $54.80 million for the quarter, compared to analysts expectations of $56.80 million. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.

Many Wall Street Analysts have commented on HealthStream. Shares were Downgraded by First Analysis Sec on Jul 27, 2016 to ” Equal-Weight” and Lowered the Price Target to $ 27 from a previous price target of $30 .HealthStream was Initiated by Barrington Research to “Outperform” on Jun 29, 2016. Company shares were Reiterated by Needham on Jun 10, 2016 to “Buy”, Firm has raised the Price Target to $ 32 from a previous price target of $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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