Stryker: Insider and Institutional Investor Stock Sales in Third Quarter

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently decreased stock shares of Stryker Corp. (NYSE:SYK).

SEC data indicate these insiders have sold Stryker Corp.’s stock since 06/30/2011:

  • Stryker Ronda E: act as Director. On 10/12/2011, sold 27,000 shares, worth $1,348,400.
  • Stryker Ronda E: act as Director. On 10/24/2011, sold 27,000 shares, worth $1,323,300.
  • Stryker Ronda E: act as Director. On 10/24/2011, sold 27,000 shares, worth $1,323,300.
  • Stryker Ronda E: act as Director. On 11/14/2011, sold 27,000 shares, worth $1,321,900.
  • Stryker Ronda E: act as Director. On 09/19/2011, sold 27,000 shares, worth $1,312,700.

SEC data indicate that these institutions significantly reduced their stock shares of Stryker Corp. in Q3 2011:

  • HEALTHCOR GROUP, LLC: On 06/30/2011, held 2,900,000 shares, worth $169,592,000. On 09/30/2011, held 0 shares.
  • HEALTHCOR MANAGEMENT, L.P.: On 06/30/2011, held 2,900,000 shares, worth $169,592,000. On 09/30/2011, held 0 shares.
  • ALYESKA INVESTMENT GROUP, L.P.: On 06/30/2011, held 1,600,006 shares, worth $93,568,351. On 09/30/2011, held 0 shares.
  • COLUMBUS CIRCLE INVESTORS: On 06/30/2011, held 1,355,123 shares, worth $79,247,593. On 09/30/2011, held 0 shares.
  • GOODMAN & COMPANY, INVESTMENT COUNSEL LTD.: On 06/30/2011, held 428,200 shares, worth $25,041,136. On 09/30/2011, held 0 shares.

About the company: Stryker Corporation develops, manufactures, and markets specialty surgical and medical products. The Company’s products include implants, biologics; surgical, neurologic, ear, nose & throat and interventional pain equipment; endoscopic, surgical navigation, communications and digital imaging systems; as well as patient handling and emergency medical equipment.

Competitors to Watch: Zimmer Holdings, Inc. (NYSE:ZMH), Exactech, Inc. (NASDAQ:EXAC), Smith & Nephew plc (NYSE:SNN), Wright Medical Group, Inc. (NASDAQ:WMGI), Tornier N.V. (NASDAQ:TRNX), CONMED Corporation (NASDAQ:CNMD), ArthroCare Corporation (NASDAQ:ARTC), Medtronic, Inc. (NYSE:MDT), NuVasive, Inc. (NASDAQ:NUVA), and Alphatec Holdings, Inc. (NASDAQ:ATEC).

(Note: Data regarding Stryker Corp.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

Advantage: Check out our interactive stock charts, fundamentals, Twitter stream, and more >>

Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter>>

More from The Cheat Sheet