Fenimore Asset Management Inc Lowers stake in Stryker Corporation (SYK)

Stryker Corporation (SYK) : Fenimore Asset Management Inc reduced its stake in Stryker Corporation by 1.0% during the most recent quarter end. The investment management company now holds a total of 532,056 shares of Stryker Corporation which is valued at $60,510,729 after selling 5,370 shares in Stryker Corporation , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Stryker Corporation makes up approximately 2.96% of Fenimore Asset Management Inc’s portfolio.

Other Hedge Funds, Including , British Columbia Investment Management Corp reduced its stake in SYK by selling 20,344 shares or 12.32% in the most recent quarter. The Hedge Fund company now holds 144,761 shares of SYK which is valued at $16,463,669. Stryker Corporation makes up approx 0.17% of British Columbia Investment Management Corp’s portfolio.Curbstone Financial Management Corp reduced its stake in SYK by selling 300 shares or 6.44% in the most recent quarter. The Hedge Fund company now holds 4,360 shares of SYK which is valued at $508,638. Stryker Corporation makes up approx 0.16% of Curbstone Financial Management Corp’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.

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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