FORA Capital LLC bought a new stake in Enovis Co. (NYSE:ENOV - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,103 shares of the company's stock, valued at approximately $650,000.
Several other large investors also recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. boosted its stake in Enovis by 28.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,691 shares of the company's stock worth $76,000 after purchasing an additional 371 shares during the period. Aigen Investment Management LP lifted its holdings in shares of Enovis by 5.1% in the third quarter. Aigen Investment Management LP now owns 8,859 shares of the company's stock valued at $381,000 after purchasing an additional 430 shares in the last quarter. FMR LLC boosted its position in shares of Enovis by 20.5% during the third quarter. FMR LLC now owns 2,840 shares of the company's stock worth $122,000 after buying an additional 484 shares during the period. Ridgewood Investments LLC acquired a new stake in Enovis in the 2nd quarter valued at approximately $44,000. Finally, State of Alaska Department of Revenue boosted its position in Enovis by 20.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 6,482 shares of the company's stock worth $279,000 after acquiring an additional 1,115 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.
Enovis Stock Performance
NYSE ENOV traded up $0.36 during trading on Friday, reaching $48.81. 249,656 shares of the company's stock were exchanged, compared to its average volume of 581,045. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.27 and a quick ratio of 1.12. The business has a 50 day moving average price of $43.08 and a 200-day moving average price of $44.93. Enovis Co. has a fifty-two week low of $38.27 and a fifty-two week high of $65.03.
Enovis (NYSE:ENOV - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.11. Enovis had a positive return on equity of 4.39% and a negative net margin of 5.95%. The business had revenue of $505.22 million for the quarter, compared to analyst estimates of $504.44 million. During the same period in the previous year, the firm earned $0.56 EPS. The firm's revenue was up 21.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Enovis Co. will post 2.79 earnings per share for the current year.
Analysts Set New Price Targets
A number of analysts have recently issued reports on ENOV shares. JMP Securities assumed coverage on shares of Enovis in a report on Thursday, October 3rd. They issued an "outperform" rating and a $62.00 price objective on the stock. Evercore ISI lowered their price target on shares of Enovis from $62.00 to $58.00 and set an "outperform" rating on the stock in a research note on Tuesday, October 1st. Needham & Company LLC restated a "buy" rating and set a $65.00 price objective on shares of Enovis in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. dropped their target price on Enovis from $53.00 to $50.00 and set a "neutral" rating on the stock in a report on Thursday, August 8th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $67.00.
Check Out Our Latest Stock Report on Enovis
Enovis Profile
(
Free Report)
Enovis Corporation operates as a medical technology company focus on developing clinically differentiated solutions worldwide. It also manufactures and distributes medical devices which are used for reconstructive surgery, rehabilitation, pain management, and physical therapy. The company operates through Prevention and Recovery, and Reconstructive segments.
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