Quantamental Technologies LLC Invests $110,000 in NxStage Medical, Inc. (NXTM)

Quantamental Technologies LLC purchased a new stake in shares of NxStage Medical, Inc. (NASDAQ:NXTM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,843 shares of the medical device company’s stock, valued at approximately $110,000.

Other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC purchased a new position in shares of NxStage Medical during the third quarter valued at $136,000. Rehmann Capital Advisory Group increased its stake in shares of NxStage Medical by 2,689.0% during the third quarter. Rehmann Capital Advisory Group now owns 5,578 shares of the medical device company’s stock valued at $200,000 after buying an additional 5,378 shares during the period. Public Employees Retirement Association of Colorado increased its stake in shares of NxStage Medical by 63.8% during the third quarter. Public Employees Retirement Association of Colorado now owns 8,635 shares of the medical device company’s stock valued at $241,000 after buying an additional 3,362 shares during the period. S. Muoio & CO. LLC purchased a new position in shares of NxStage Medical during the third quarter valued at $284,000. Finally, Janus Henderson Group PLC increased its stake in shares of NxStage Medical by 25.5% during the third quarter. Janus Henderson Group PLC now owns 10,505 shares of the medical device company’s stock valued at $293,000 after buying an additional 2,134 shares during the period. Hedge funds and other institutional investors own 83.57% of the company’s stock.

NXTM opened at $29.25 on Wednesday. NxStage Medical, Inc. has a 1 year low of $22.70 and a 1 year high of $29.33.

NxStage Medical (NASDAQ:NXTM) last posted its earnings results on Wednesday, November 7th. The medical device company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.03. NxStage Medical had a negative return on equity of 2.50% and a negative net margin of 1.29%. The company had revenue of $108.12 million for the quarter, compared to analyst estimates of $108.07 million. As a group, sell-side analysts anticipate that NxStage Medical, Inc. will post -0.01 EPS for the current year.

Several brokerages have recently commented on NXTM. Zacks Investment Research upgraded NxStage Medical from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Tuesday. BidaskClub lowered NxStage Medical from a “buy” rating to a “hold” rating in a research note on Wednesday, November 28th. Finally, ValuEngine upgraded NxStage Medical from a “hold” rating to a “buy” rating in a research note on Friday, October 12th.

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About NxStage Medical

NxStage Medical, Inc, a medical technology company, develops, manufactures, and markets products and services for patients suffering from chronic or acute kidney failure. Its primary product includes the System One, a portable hemodialysis system, which is used primarily for home hemodialysis and a range of dialysis therapies to deliver in the home setting.

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Institutional Ownership by Quarter for NxStage Medical (NASDAQ:NXTM)

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