Atlantic Trust Group buys $133,883,338 stake in Stryker Corporation (SYK)

Stryker Corporation (SYK) : Atlantic Trust Group scooped up 3,231 additional shares in Stryker Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 1,158,461 shares of Stryker Corporation which is valued at $133,883,338.Stryker Corporation makes up approximately 0.94% of Atlantic Trust Group’s portfolio.

Other Hedge Funds, Including , National Pension Service boosted its stake in SYK in the latest quarter, The investment management firm added 25,306 additional shares and now holds a total of 215,949 shares of Stryker Corporation which is valued at $24,957,226. Stryker Corporation makes up approx 0.21% of National Pension Service’s portfolio. Monroe Bank Trustmi sold out all of its stake in SYK during the most recent quarter. The investment firm sold 500 shares of SYK which is valued $57,785.Northeast Investment Management boosted its stake in SYK in the latest quarter, The investment management firm added 248 additional shares and now holds a total of 2,924 shares of Stryker Corporation which is valued at $335,734. Stryker Corporation makes up approx 0.03% of Northeast Investment Management’s portfolio.

Stryker Corporation closed down -0.53 points or -0.46% at $113.61 with 8,93,915 shares getting traded on Tuesday. Post opening the session at $114.18, the shares hit an intraday low of $113.48 and an intraday high of $114.61 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

Investors should note that on Jul 27, 2016, Stryker Corporation announced a cash dividend of $0.3800. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 31, 2016.

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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