Gilder Gagnon Howe Co buys $101,606,635 stake in NxStage Medical (NXTM)

NxStage Medical (NXTM) : Gilder Gagnon Howe Co scooped up 35,967 additional shares in NxStage Medical during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 6,048,014 shares of NxStage Medical which is valued at $101,606,635.NxStage Medical makes up approximately 2.03% of Gilder Gagnon Howe Co’s portfolio.

Other Hedge Funds, Including , Globeflex Capital L P reduced its stake in NXTM by selling 3,700 shares or 6.53% in the most recent quarter. The Hedge Fund company now holds 53,000 shares of NXTM which is valued at $890,400. NxStage Medical makes up approx 0.24% of Globeflex Capital L P’s portfolio.Outfitter Advisors Ltd. boosted its stake in NXTM in the latest quarter, The investment management firm added 4,100 additional shares and now holds a total of 58,400 shares of NxStage Medical which is valued at $941,408. NxStage Medical makes up approx 0.37% of Outfitter Advisors Ltd.’s portfolio. Russell Frank Co sold out all of its stake in NXTM during the most recent quarter. The investment firm sold 32,067 shares of NXTM which is valued $516,920.Birchview Capital Lp boosted its stake in NXTM in the latest quarter, The investment management firm added 2,500 additional shares and now holds a total of 28,200 shares of NxStage Medical which is valued at $454,584. NxStage Medical makes up approx 0.32% of Birchview Capital Lp’s portfolio.Calamos Advisors reduced its stake in NXTM by selling 3,650 shares or 14.48% in the most recent quarter. The Hedge Fund company now holds 21,550 shares of NXTM which is valued at $347,386.

NxStage Medical opened for trading at $17.97 and hit $18.285 on the upside on Tuesday, eventually ending the session at $18, with a gain of 0.61% or 0.11 points. The heightened volatility saw the trading volume jump to 6,04,138 shares. Company has a market cap of $1,159 M.

On the company’s financial health, NxStage Medical reported $-0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 4, 2016. Analyst had a consensus of $-0.05. The company had revenue of $89.21 million for the quarter, compared to analysts expectations of $88.40 million. The company’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.09 EPS.

Many Wall Street Analysts have commented on NxStage Medical. Shares were Resumed by Piper Jaffray on Mar 31, 2016 to “Overweight” and Lowered the Price Target to $ 18.50 from a previous price target of $23 .

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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