Terra Nova Asset Management Lowers stake in Stryker Corporation (SYK)

Stryker Corporation (SYK) : Terra Nova Asset Management reduced its stake in Stryker Corporation by 6.18% during the most recent quarter end. The investment management company now holds a total of 11,380 shares of Stryker Corporation which is valued at $1,294,247 after selling 750 shares in Stryker Corporation , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Stryker Corporation makes up approximately 2.88% of Terra Nova Asset Management’s portfolio.

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.Carroll Financial Associates boosted its stake in SYK in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 1,486 shares of Stryker Corporation which is valued at $175,125. Stryker Corporation makes up approx 0.03% of Carroll Financial Associates’s portfolio.Capital Investment Services Of America boosted its stake in SYK in the latest quarter, The investment management firm added 1,175 additional shares and now holds a total of 100,050 shares of Stryker Corporation which is valued at $11,636,816. Stryker Corporation makes up approx 2.23% of Capital Investment Services Of America’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.Lvm Capital Management Ltdmi boosted its stake in SYK in the latest quarter, The investment management firm added 6,809 additional shares and now holds a total of 34,534 shares of Stryker Corporation which is valued at $4,028,736. Stryker Corporation makes up approx 1.27% of Lvm Capital Management Ltdmi’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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