Stryker Corporation (SYK) : Centre Asset Management reduced its stake in Stryker Corporation by 7.6% during the most recent quarter end. The investment management company now holds a total of 110,750 shares of Stryker Corporation which is valued at $13,051,888 after selling 9,110 shares in Stryker Corporation , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.Stryker Corporation makes up approximately 2.38% of Centre Asset Management’s portfolio.
Other Hedge Funds, Including , 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.Lynch Associatesin reduced its stake in SYK by selling 325 shares or 1.18% in the most recent quarter. The Hedge Fund company now holds 27,250 shares of SYK which is valued at $3,178,985. Stryker Corporation makes up approx 1.41% of Lynch Associatesin’s portfolio.Cullinan Associates Inc reduced its stake in SYK by selling 3,225 shares or 62.93% in the most recent quarter. The Hedge Fund company now holds 1,900 shares of SYK which is valued at $221,654. Stryker Corporation makes up approx 0.02% of Cullinan Associates Inc’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.