Caz Investments Lp Lowers stake in Stryker Corporation (SYK)

Stryker Corporation (SYK) : Caz Investments Lp reduced its stake in Stryker Corporation by 2.81% during the most recent quarter end. The investment management company now holds a total of 14,530 shares of Stryker Corporation which is valued at $1,615,881 after selling 420 shares in Stryker Corporation , the firm said in a disclosure report filed with the SEC on May 2, 2016.Stryker Corporation makes up approximately 4.40% of Caz Investments Lp’s portfolio.

Stryker Corporation opened for trading at $109.82 and hit $111.21 on the upside on Friday, eventually ending the session at $111.21, with a gain of 0.99% or 1.09 points. The heightened volatility saw the trading volume jump to 17,49,300 shares. Company has a market cap of $41,590 M.

Other Hedge Funds, Including , Trust Co Of Vermont boosted its stake in SYK in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 20,785 shares of Stryker Corporation which is valued at $2,265,773. Stryker Corporation makes up approx 0.32% of Trust Co Of Vermont’s portfolio.Liberty Capital Management reduced its stake in SYK by selling 925 shares or 13.31% in the most recent quarter. The Hedge Fund company now holds 6,025 shares of SYK which is valued at $656,785. Stryker Corporation makes up approx 0.51% of Liberty Capital Management’s portfolio.Cape Cod Five Cents Savings Bank boosted its stake in SYK in the latest quarter, The investment management firm added 1,595 additional shares and now holds a total of 54,912 shares of Stryker Corporation which is valued at $5,985,957. Stryker Corporation makes up approx 1.13% of Cape Cod Five Cents Savings Bank’s portfolio.Cornerstone Investment Partners reduced its stake in SYK by selling 381 shares or 4.66% in the most recent quarter. The Hedge Fund company now holds 7,801 shares of SYK which is valued at $853,429. Stryker Corporation makes up approx 0.03% of Cornerstone Investment Partners’s portfolio.

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 Upgraded by Sterne Agee CRT to ” Buy” on Apr 27, 2016. Company shares were Reiterated by RBC Capital Mkts on Apr 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 120 from a previous price target of $108 .Company shares were Downgraded by Robert W. Baird on Apr 13, 2016 to ” Neutral”, Firm has raised the Price Target to $ 116 from a previous price target of $111 .

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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