NxStage Medical, Inc. (NASDAQ:NXTM) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $28.80 and last traded at $28.43, with a volume of 5448 shares. The stock had previously closed at $28.55.
A number of research analysts have recently issued reports on NXTM shares. Zacks Investment Research upgraded shares of NxStage Medical from a “sell” rating to a “hold” rating in a research note on Wednesday, October 10th. BidaskClub upgraded shares of NxStage Medical from a “sell” rating to a “hold” rating in a research note on Friday, October 12th. Finally, ValuEngine upgraded shares of NxStage Medical from a “hold” rating to a “buy” rating in a research note on Friday, October 12th.
The company has a market capitalization of $1.87 billion, a PE ratio of -131.36 and a beta of -0.05.
NxStage Medical (NASDAQ:NXTM) last issued its quarterly earnings results on Tuesday, August 7th. The medical device company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. NxStage Medical had a negative net margin of 3.67% and a negative return on equity of 7.02%. The business had revenue of $106.97 million for the quarter, compared to analyst estimates of $105.35 million. As a group, sell-side analysts expect that NxStage Medical, Inc. will post -0.02 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in NXTM. BlackRock Inc. boosted its holdings in NxStage Medical by 10.5% during the second quarter. BlackRock Inc. now owns 5,289,606 shares of the medical device company’s stock worth $147,581,000 after buying an additional 501,922 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in NxStage Medical during the second quarter worth about $11,424,000. LMR Partners LLP purchased a new stake in NxStage Medical during the second quarter worth about $7,438,000. SG Americas Securities LLC boosted its holdings in NxStage Medical by 2,037.2% during the third quarter. SG Americas Securities LLC now owns 275,019 shares of the medical device company’s stock worth $7,670,000 after buying an additional 262,151 shares in the last quarter. Finally, Water Island Capital LLC boosted its holdings in NxStage Medical by 12.6% during the second quarter. Water Island Capital LLC now owns 1,334,420 shares of the medical device company’s stock worth $37,230,000 after buying an additional 149,713 shares in the last quarter. 83.15% of the stock is currently owned by hedge funds and other institutional investors.
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About NxStage Medical (NASDAQ:NXTM)
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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