The Manufacturers Life Insurance Company lessened its holdings in Enovis Co. (NYSE:ENOV – Get Rating) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,527 shares of the company's stock after selling 841 shares during the period. The Manufacturers Life Insurance Company owned about 0.07% of Enovis worth $1,775,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Wipfli Financial Advisors LLC bought a new position in Enovis during the third quarter valued at about $36,000. Paloma Partners Management Co acquired a new stake in Enovis during the second quarter worth about $209,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Enovis during the second quarter worth about $261,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Enovis during the second quarter valued at approximately $285,000. Finally, TAGStone Capital Inc. acquired a new stake in Enovis during the second quarter valued at approximately $288,000. Institutional investors and hedge funds own 96.73% of the company's stock.

Insider Activity at Enovis

In related news, CFO Christopher M. Hix sold 1,367 shares of the business's stock in a transaction on Wednesday, December 14th. The shares were sold at an average price of $55.28, for a total value of $75,567.76. Following the transaction, the chief financial officer now owns 44,605 shares in the company, valued at $2,465,764.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO Christopher M. Hix sold 1,367 shares of the company's stock in a transaction dated Wednesday, December 14th. The shares were sold at an average price of $55.28, for a total transaction of $75,567.76. Following the transaction, the chief financial officer now owns 44,605 shares in the company, valued at $2,465,764.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel A. Pryor sold 67,421 shares of the company's stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $54.58, for a total transaction of $3,679,838.18. Following the transaction, the executive vice president now owns 75,731 shares in the company, valued at approximately $4,133,397.98. The disclosure for this sale can be found here. 8.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Enovis Stock Performance

Shares of NYSE:ENOV opened at $65.25 on Friday. The firm has a market cap of $3.53 billion, a PE ratio of 135.94 and a beta of 2.04. The firm's fifty day moving average is $56.85 and its 200-day moving average is $53.96. Enovis Co. has a 52 week low of $43.88 and a 52 week high of $129.21.

Enovis (NYSE:ENOV – Get Rating) last released its earnings results on Wednesday, November 2nd. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.12. The business had revenue of $383.81 million for the quarter, compared to analyst estimates of $379.75 million. Enovis had a net margin of 0.94% and a return on equity of 4.46%. Sell-side analysts forecast that Enovis Co. will post 2.24 EPS for the current year.

Enovis Company Profile

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Enovis Corporation operates as a medical technology company worldwide. It develops, manufactures, and distributes medical device products used by orthopedic specialists, surgeons, primary care physicians, pain management specialists, physical therapists, podiatrists, chiropractors, athletic trainers, and other healthcare professionals to treat patients with musculoskeletal conditions resulting from degenerative diseases, deformities, traumatic events, and sports related injuries.

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