Parthenon buys $4,826,305 stake in Stryker Corporation (SYK)

Stryker Corporation (SYK) : Parthenon scooped up 10 additional shares in Stryker Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 42,030 shares of Stryker Corporation which is valued at $4,826,305.Stryker Corporation makes up approximately 1.19% of Parthenon’s portfolio.

Other Hedge Funds, Including , Candriam Luxembourg S.c.a. reduced its stake in SYK by selling 37,224 shares or 44.09% in the most recent quarter. The Hedge Fund company now holds 47,204 shares of SYK which is valued at $5,420,435. Stryker Corporation makes up approx 0.14% of Candriam Luxembourg S.c.a.’s portfolio.Nisa Investment Advisors boosted its stake in SYK in the latest quarter, The investment management firm added 2,964 additional shares and now holds a total of 105,011 shares of Stryker Corporation which is valued at $12,771,438. Stryker Corporation makes up approx 0.17% of Nisa Investment Advisors’s portfolio.Benjamin F. Edwards Company reduced its stake in SYK by selling 1,462 shares or 9.93% in the most recent quarter. The Hedge Fund company now holds 13,256 shares of SYK which is valued at $1,623,993. Stryker Corporation makes up approx 0.31% of Benjamin F. Edwards Company’s portfolio.

Stryker Corporation opened for trading at $114.97 and hit $116.62 on the upside on Friday, eventually ending the session at $116.28, with a gain of 1.15% or 1.32 points. The heightened volatility saw the trading volume jump to 14,53,717 shares. Company has a market cap of $43,524 M.

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 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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