Stryker Corporation (SYK) : Terra Nova Asset Management reduced its stake in Stryker Corporation by 32.73% during the most recent quarter end. The investment management company now holds a total of 12,130 shares of Stryker Corporation which is valued at $1,392,888 after selling 5,901 shares in Stryker Corporation , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Stryker Corporation makes up approximately 2.31% of Terra Nova Asset Management’s portfolio.
Other Hedge Funds, Including , Conning boosted its stake in SYK in the latest quarter, The investment management firm added 20 additional shares and now holds a total of 16,037 shares of Stryker Corporation which is valued at $1,841,529. Stryker Corporation makes up approx 0.08% of Conning’s portfolio.New York State Teachers Retirement System reduced its stake in SYK by selling 11,021 shares or 1.97% in the most recent quarter. The Hedge Fund company now holds 549,532 shares of SYK which is valued at $64,311,730. Stryker Corporation makes up approx 0.16% of New York State Teachers Retirement System’s portfolio.Mai Capital Management reduced its stake in SYK by selling 10,763 shares or 58.78% in the most recent quarter. The Hedge Fund company now holds 7,547 shares of SYK which is valued at $917,866. Stryker Corporation makes up approx 0.07% of Mai Capital Management’s portfolio.
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.