Brightworth adds Stryker Corporation (SYK) to its portfolio

Stryker Corporation (SYK) : Brightworth added new position in Stryker Corporation during the most recent quarter end. The investment management firm now holds 1,763 shares of Stryker Corporation which is valued at $202,445 , the company said in a statement filed on Jul 26, 2016 with the SEC.Stryker Corporation makes up approximately 0.15% of Brightworth’s portfolio.

Other Hedge Funds, Including , Hl Financial Services reduced its stake in SYK by selling 501 shares or 2.9% in the most recent quarter. The Hedge Fund company now holds 16,750 shares of SYK which is valued at $1,923,403. Stryker Corporation makes up approx 0.04% of Hl Financial Services’s portfolio.Jlb Associates Inc reduced its stake in SYK by selling 225 shares or 0.5% in the most recent quarter. The Hedge Fund company now holds 44,579 shares of SYK which is valued at $5,217,080. Stryker Corporation makes up approx 1.44% of Jlb Associates Inc’s portfolio.Gradient Investments reduced its stake in SYK by selling 171 shares or 28.5% in the most recent quarter. The Hedge Fund company now holds 429 shares of SYK which is valued at $52,175. Stryker Corporation makes up approx 0.01% of Gradient Investments’s portfolio. Contravisory Investment Management added SYK to its portfolio by purchasing 19 company shares during the most recent quarter which is valued at $2,328.

Stryker Corporation opened for trading at $114.97 and hit $116.62 on the upside on Friday, eventually ending the session at $116.28, with a gain of 1.15% or 1.32 points. The heightened volatility saw the trading volume jump to 14,53,717 shares. Company has a market cap of $43,524 M.

On the company’s financial health, Stryker Corporation reported $1.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $1.20. The company had revenue of $2495.00 million for the quarter, compared to analysts expectations of $2471.86 million. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.11 EPS.

Many Wall Street Analysts have commented on Stryker Corporation. Stryker Corporation was Initiated by Guggenheim to “Buy” on Jun 9, 2016.

Stryker Corporation is a medical technology company. The Company offers a range of products and services in Orthopaedics Medical and Surgical and Neurotechnology and Spine which help improve patient and hospital outcomes.

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