Trending Stock News

As Stryker (SYK) Share Value Rose, Greenleaf Trust Cut Holding by $50.83 Million; Quaker Capital Investments Has Increased Its Reeds (REED) Stake

Stryker Corporation (NYSE:SYK) Logo

Greenleaf Trust decreased its stake in Stryker Corp (SYK) by 1.37% based on its latest 2017Q4 regulatory filing with the SEC. Greenleaf Trust sold 327,938 shares as the company’s stock rose 2.85% while stock markets declined. The institutional investor held 23.61 million shares of the medical and dental instruments company at the end of 2017Q4, valued at $3.66 billion, down from 23.94M at the end of the previous reported quarter. Greenleaf Trust who had been investing in Stryker Corp for a number of months, seems to be less bullish one the $64.36B market cap company. The stock increased 2.38% or $4.005 during the last trading session, reaching $172.225. About 817,019 shares traded. Stryker Corporation (NYSE:SYK) has risen 19.66% since May 16, 2017 and is uptrending. It has outperformed by 8.11% the S&P500.

Quaker Capital Investments Llc increased its stake in Reeds Inc (REED) by 537.95% based on its latest 2017Q4 regulatory filing with the SEC. Quaker Capital Investments Llc bought 583,140 shares as the company’s stock rose 6.45% while stock markets declined. The institutional investor held 691,540 shares of the consumer non-durables company at the end of 2017Q4, valued at $1.07 million, up from 108,400 at the end of the previous reported quarter. Quaker Capital Investments Llc who had been investing in Reeds Inc for a number of months, seems to be bullish on the $73.86 million market cap company. The stock increased 13.21% or $0.35 during the last trading session, reaching $3. About 190,828 shares traded or 232.34% up from the average. Reed's, Inc. (NYSEMKT:REED) has declined 57.69% since May 16, 2017 and is downtrending. It has underperformed by 69.24% the S&P500.

Quaker Capital Investments Llc, which manages about $311.91M US Long portfolio, decreased its stake in Dowdupont Inc by 118,781 shares to 208,950 shares, valued at $14.88M in 2017Q4, according to the filing.

Among 30 analysts covering Stryker Corporation (NYSE:SYK), 20 have Buy rating, 1 Sell and 9 Hold. Therefore 67% are positive. Stryker Corporation had 98 analyst reports since July 27, 2015 according to SRatingsIntel. On Wednesday, April 26 the stock rating was maintained by RBC Capital Markets with “Outperform”. The rating was downgraded by Goldman Sachs on Friday, November 13 to “Neutral”. As per Tuesday, May 1, the company rating was maintained by Citigroup. The rating was downgraded by Robert W. Baird on Wednesday, April 13 to “Neutral”. The stock of Stryker Corporation (NYSE:SYK) has “Overweight” rating given on Monday, February 26 by Morgan Stanley. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, July 28 report. The stock of Stryker Corporation (NYSE:SYK) has “Sell” rating given on Thursday, November 12 by Citigroup. The company was downgraded on Friday, January 6 by Needham. Needham maintained the stock with “Hold” rating in Monday, October 2 report. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, August 23.

Since February 1, 2018, it had 1 insider purchase, and 15 sales for $26.00 million activity. Becker Yin C had sold 3,848 shares worth $626,832. On Friday, February 2 the insider COX HOWARD E JR sold $1.21M. FRANCESCONI LOUISE sold $713,655 worth of stock or 4,347 shares. On Monday, April 16 Boehnlein Glenn S sold $120,000 worth of Stryker Corporation (NYSE:SYK) or 750 shares. On Thursday, February 1 Berry William E Jr sold $214,730 worth of Stryker Corporation (NYSE:SYK) or 1,306 shares. Carpenter Lonny J had sold 5,000 shares worth $818,792 on Friday, February 2.

Investors sentiment decreased to 0.8 in Q4 2017. Its down 0.07, from 0.87 in 2017Q3. It is negative, as 39 investors sold SYK shares while 375 reduced holdings. 100 funds opened positions while 232 raised stakes. 275.69 million shares or 0.03% more from 275.60 million shares in 2017Q3 were reported. Cetera Advisor Ltd has 0.02% invested in Stryker Corporation (NYSE:SYK). Moreover, Blb&B Lc has 0.16% invested in Stryker Corporation (NYSE:SYK). Davis accumulated 51,594 shares. Schaper Benz And Wise Invest Counsel Wi holds 119,382 shares. Sageworth has 0% invested in Stryker Corporation (NYSE:SYK) for 5 shares. Ativo Capital Mgmt Limited Liability reported 0.66% in Stryker Corporation (NYSE:SYK). 14,282 are owned by Buckingham Capital Mgmt. Tci Wealth Advsr Inc, Arizona-based fund reported 26 shares. Sei Communications reported 35,486 shares or 0.02% of all its holdings. Kistler owns 455 shares. Brown Advisory Incorporated holds 582,913 shares. Ghp Investment reported 0.57% of its portfolio in Stryker Corporation (NYSE:SYK). Northstar Grp holds 0.55% or 6,775 shares. Sigma Inv Counselors invested 1.08% of its portfolio in Stryker Corporation (NYSE:SYK). Dimensional Fund Lp, a Texas-based fund reported 638,829 shares.

Analysts await Stryker Corporation (NYSE:SYK) to report earnings on July, 26. They expect $1.73 earnings per share, up 13.07% or $0.20 from last year’s $1.53 per share. SYK’s profit will be $646.52 million for 24.89 P/E if the $1.73 EPS becomes a reality. After $1.68 actual earnings per share reported by Stryker Corporation for the previous quarter, Wall Street now forecasts 2.98% EPS growth.

Greenleaf Trust, which manages about $4.93B US Long portfolio, upped its stake in Ishares Tr S&P Midcap 400 (IJH) by 25,656 shares to 347,559 shares, valued at $65.96M in 2017Q4, according to the filing. It also increased its holding in Ishares Global Consumer Discretionary Etf (RXI) by 3,063 shares in the quarter, for a total of 38,783 shares, and has risen its stake in Athenex Inc.

Stryker Corporation (NYSE:SYK) Institutional Positions Chart

Leave a Reply

Your email address will not be published. Required fields are marked *