Conestoga Capital Advisors buys $36,453,974 stake in HealthStream (HSTM)

HealthStream (HSTM) : Conestoga Capital Advisors scooped up 53,920 additional shares in HealthStream during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 11, 2016. The investment management firm now holds a total of 1,327,530 shares of HealthStream which is valued at $36,453,974.HealthStream makes up approximately 2.51% of Conestoga Capital Advisors’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp added HSTM to its portfolio by purchasing 400 company shares during the most recent quarter which is valued at $21,968.Bnp Paribas Arbitrage Sa reduced its stake in HSTM by selling 3,733 shares or 48.63% in the most recent quarter. The Hedge Fund company now holds 3,943 shares of HSTM which is valued at $111,666.

HealthStream closed down -0.67 points or -2.44% at $26.79 with 46,159 shares getting traded on Tuesday. Post opening the session at $27.12, the shares hit an intraday low of $26.48 and an intraday high of $27.22 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 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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