Steve Cohen Makes Big Purchases in Renewable Energy Group Inc (REGI) and NxStage Medical, Inc. (NXTM)

Among over 700 hedge funds that we track, the interest in Renewable Energy Group Inc (NASDAQ:REGI) slightly decreased during the first quarter to 15 firms having invested about $49.39 million in the company as compared to 16 funds with $76.45 million a quarter earlier. Clint Carlson‘s Carlson Capital has the largest long position in Renewable Energy Group Inc (NASDAQ:REGI) with nearly 4.0 million shares valued at $36.88 million.

Point72’s holding in NxStage Medical, Inc. (NASDAQ:NXTM) comprises 5% of the $1.02 billion healthcare company’s outstanding common stock. Although up by more than 18% over the past year, NxStage Medical, Inc. (NASDAQ:NXTM)’s stock has slid by 10.6% so far this year, despite first quarter revenues exceeding guidance and delivering a 10% increase to $79.5 million on a year-over-year basis, while expected loss in earnings also came in better than anticipated. In contrast, the medical instruments & supplies sector has gained nearly 4.5% during the same time period. The innovative approaches that NxStage Medical, Inc. (NASDAQ:NXTM)’s management aims to derive future growth from include nocturnal therapy,and NxStage Kidney Care, enabling customers to transition to a home hemodialysis.

As far as the hedge fund interest in NxStage Medical, Inc. (NASDAQ:NXTM) is concerned, it increased slightly over the quarter to 21 firms with $173.54 million invested in the company, from 20 funds with $170.48 million in the previous quarter. James E. Flynn‘s Deerfield Management and Justin John Ferayorni‘s Tamarack Capital Management are the two largest stockholders of NxStage Medical, Inc. (NASDAQ:NXTM) in our database with respective stakes of 5.03 million shares and 1.30 million shares.

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