Jacobs Levy Equity Management Inc Lowers stake in Stryker Corporation (SYK)

Stryker Corporation (SYK) : Jacobs Levy Equity Management Inc reduced its stake in Stryker Corporation by 0.89% during the most recent quarter end. The investment management company now holds a total of 258,849 shares of Stryker Corporation which is valued at $29,915,179 after selling 2,320 shares in Stryker Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Stryker Corporation makes up approximately 0.59% of Jacobs Levy Equity Management Inc’s portfolio.

Other Hedge Funds, Including , Mosaic Family Wealth boosted its stake in SYK in the latest quarter, The investment management firm added 296 additional shares and now holds a total of 906 shares of Stryker Corporation which is valued at $104,706. Stryker Corporation makes up approx 0.05% of Mosaic Family Wealth’s portfolio.Olstein Capital Management reduced its stake in SYK by selling 7,000 shares or 15.56% in the most recent quarter. The Hedge Fund company now holds 38,000 shares of SYK which is valued at $4,363,160. Stryker Corporation makes up approx 0.56% of Olstein Capital Management’s portfolio.Ballentine Partners reduced its stake in SYK by selling 3 shares or 0.06% in the most recent quarter. The Hedge Fund company now holds 4,728 shares of SYK which is valued at $542,869. Stryker Corporation makes up approx 0.04% of Ballentine Partners’s portfolio.Proficio Capital Partners boosted its stake in SYK in the latest quarter, The investment management firm added 51 additional shares and now holds a total of 129 shares of Stryker Corporation which is valued at $15,000. Stryker Corporation makes up approx 0.01% of Proficio Capital Partners’s portfolio.Edmp reduced its stake in SYK by selling 1,514 shares or 5.45% in the most recent quarter. The Hedge Fund company now holds 26,265 shares of SYK which is valued at $3,016,010. Stryker Corporation makes up approx 2.83% of Edmp’s portfolio.

Stryker Corporation closed down -0.43 points or -0.37% at $115.23 with 9,39,405 shares getting traded on Thursday. Post opening the session at $115.9, the shares hit an intraday low of $114.41 and an intraday high of $115.9 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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