Cornerstone Investment Partners Lowers stake in Stryker Corporation (SYK)

Stryker Corporation (SYK) : Cornerstone Investment Partners reduced its stake in Stryker Corporation by 1.26% during the most recent quarter end. The investment management company now holds a total of 7,617 shares of Stryker Corporation which is valued at $865,139 after selling 97 shares in Stryker Corporation , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Stryker Corporation makes up approximately 0.04% of Cornerstone Investment Partners’s portfolio.

Other Hedge Funds, Including , Gulf International Bank (uk) Ltd boosted its stake in SYK in the latest quarter, The investment management firm added 1,600 additional shares and now holds a total of 102,146 shares of Stryker Corporation which is valued at $11,601,743. Stryker Corporation makes up approx 0.19% of Gulf International Bank (uk) Ltd’s portfolio.Gofen Glossberg Il reduced its stake in SYK by selling 107 shares or 1.14% in the most recent quarter. The Hedge Fund company now holds 9,299 shares of SYK which is valued at $1,095,887. Stryker Corporation makes up approx 0.05% of Gofen Glossberg Il’s portfolio.Central Bank Trust Co boosted its stake in SYK in the latest quarter, The investment management firm added 1,707 additional shares and now holds a total of 51,094 shares of Stryker Corporation which is valued at $5,942,743. Stryker Corporation makes up approx 1.69% of Central Bank Trust Co’s portfolio.Eqis Capital Management boosted its stake in SYK in the latest quarter, The investment management firm added 3,307 additional shares and now holds a total of 16,309 shares of Stryker Corporation which is valued at $1,902,608. Stryker Corporation makes up approx 0.12% of Eqis Capital Management’s portfolio.Bath Savings Trust Co boosted its stake in SYK in the latest quarter, The investment management firm added 547 additional shares and now holds a total of 66,267 shares of Stryker Corporation which is valued at $7,730,708. Stryker Corporation makes up approx 2.44% of Bath Savings Trust Co’s portfolio.

Stryker Corporation closed down -4.12 points or -3.50% at $113.73 with 14,33,448 shares getting traded on Tuesday. Post opening the session at $117.59, the shares hit an intraday low of $113.14 and an intraday high of $117.68 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.

Many Wall Street Analysts have commented on Stryker Corporation. Stryker Corporation was Initiated by SunTrust to “Buy” on Oct 14, 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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