Oakwood Capital Managementca Exits Position in Stryker Corporation (SYK)

Stryker Corporation (SYK) : Oakwood Capital Managementca has sold out all of its stake in Stryker Corporation during the most recent quarter, according to the disclosure filed by the company on Oct 12, 2016 with the SEC. The investment management company has sold out 43,335 shares of Stryker Corporation which is valued at $4,928,490.

Other Hedge Funds, Including , Bristlecone Advisors added SYK to its portfolio by purchasing 4,082 company shares during the most recent quarter which is valued at $464,246. Stryker Corporation makes up approx 0.17% of Bristlecone Advisors’s portfolio. Headinvest added SYK to its portfolio by purchasing 2,892 company shares during the most recent quarter which is valued at $340,822. Stryker Corporation makes up approx 0.12% of Headinvest’s portfolio.Burns J W Co Incny boosted its stake in SYK in the latest quarter, The investment management firm added 335 additional shares and now holds a total of 34,986 shares of Stryker Corporation which is valued at $4,081,467. Stryker Corporation makes up approx 1.26% of Burns J W Co Incny’s portfolio. Hefty Wealth Partners added SYK to its portfolio by purchasing 1,658 company shares during the most recent quarter which is valued at $193,422. Stryker Corporation makes up approx 0.15% of Hefty Wealth Partners’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.

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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