Gvo Asset Management Ltd adds Stryker Corporation (SYK) to its portfolio

Stryker Corporation (SYK) : Gvo Asset Management Ltd added new position in Stryker Corporation during the most recent quarter end. The investment management firm now holds 23,250 shares of Stryker Corporation which is valued at $2,827,665 , the company said in a statement filed on Jul 14, 2016 with the SEC.Stryker Corporation makes up approximately 0.32% of Gvo Asset Management Ltd’s portfolio.

Other Hedge Funds, Including , Eqis Capital Management reduced its stake in SYK by selling 2,888 shares or 18.17% in the most recent quarter. The Hedge Fund company now holds 13,002 shares of SYK which is valued at $1,581,303. Stryker Corporation makes up approx 0.10% of Eqis Capital Management’s portfolio. Contravisory Investment Management added SYK to its portfolio by purchasing 19 company shares during the most recent quarter which is valued at $2,328.Next Financial Group Inc reduced its stake in SYK by selling 25 shares or 0.94% in the most recent quarter. The Hedge Fund company now holds 2,635 shares of SYK which is valued at $322,234. Stryker Corporation makes up approx 0.10% of Next Financial Group Inc’s portfolio.Toth Financial Advisory Corp reduced its stake in SYK by selling 160 shares or 0.2% in the most recent quarter. The Hedge Fund company now holds 78,765 shares of SYK which is valued at $9,484,094. Stryker Corporation makes up approx 2.89% of Toth Financial Advisory Corp’s portfolio.

Stryker Corporation closed down -0.46 points or -0.38% at $121.62 with 17,27,429 shares getting traded on Monday. Post opening the session at $122.26, the shares hit an intraday low of $120.95 and an intraday high of $123 and the price fluctuated in this range throughout the day.Shares ended Monday 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.

Many Wall Street Analysts have commented on Stryker Corporation. Stryker Corporation was Initiated by Guggenheim to “Buy” on Jun 9, 2016. Stryker Corporation was Upgraded by Sterne Agee CRT to ” Buy” on Apr 27, 2016. Company shares were Reiterated by RBC Capital Mkts on Apr 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 120 from a previous price target of $108 .

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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