Deerfield Management Co Lowers stake in NxStage Medical (NXTM)

NxStage Medical (NXTM) : Deerfield Management Co reduced its stake in NxStage Medical by 9.02% during the most recent quarter end. The investment management company now holds a total of 4,099,175 shares of NxStage Medical which is valued at $107,131,939 after selling 406,293 shares in NxStage Medical , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.NxStage Medical makes up approximately 6.09% of Deerfield Management Co’s portfolio.

Other Hedge Funds, Including , Pier Capital added NXTM to its portfolio by purchasing 223,351 company shares during the most recent quarter which is valued at $5,837,278. NxStage Medical makes up approx 1.04% of Pier Capital’s portfolio.Employees Retirement System Of Texas reduced its stake in NXTM by selling 76,000 shares or 38.38% in the most recent quarter. The Hedge Fund company now holds 122,000 shares of NXTM which is valued at $3,121,980. NxStage Medical makes up approx 0.04% of Employees Retirement System Of Texas’s portfolio. Airain Ltd added NXTM to its portfolio by purchasing 12,156 company shares during the most recent quarter which is valued at $298,916. NxStage Medical makes up approx 0.02% of Airain Ltd’s portfolio. First Trust Advisors Lp added NXTM to its portfolio by purchasing 66,305 company shares during the most recent quarter which is valued at $1,403,677.

NxStage Medical opened for trading at $26.28 and hit $26.61 on the upside on Monday, eventually ending the session at $26.3, with a gain of 0.61% or 0.16 points. The heightened volatility saw the trading volume jump to 2,43,184 shares. Company has a market cap of $1,703 M.

On the company’s financial health, NxStage Medical reported $-0.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.04. The company had revenue of $92.20 million for the quarter, compared to analysts expectations of $89.30 million. The company’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.08 EPS.

NxStage Medical Inc. is a medical device company. The Company is engaged in the development manufacturing and marketing of products for the treatment of kidney failure fluid overload and related blood treatments and procedures. The Company’s products include the System One Streamline Blood Tubing Sets and AV Fistula and Apheresis Needles. Its primary product the System One is a small portable easy-to-use hemodialysis system. It is designed to deliver the therapeutic flexibility and clinical benefits associated with traditional dialysis machines in a smaller portable easy-to-use form that can be used by healthcare professionals and trained lay users alike in a variety of settings including patient homes as well as more traditional care settings such as hospitals and dialysis centers. The Company operates in three reportable business segments: System One In-Center and Services.

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