Enlight Renewable Energy Ltd (NASDAQ:ENLT) Holdings Trimmed by Altshuler Shaham Ltd

Altshuler Shaham Ltd decreased its position in Enlight Renewable Energy Ltd (NASDAQ:ENLT) by 14.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,410,569 shares of the company’s stock after selling 890,821 shares during the period. Enlight Renewable Energy accounts for 5.8% of Altshuler Shaham Ltd’s holdings, making the stock its 7th biggest position. Altshuler Shaham Ltd’s holdings in Enlight Renewable Energy were worth $105,991,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Enlight Renewable Energy by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 3,889,496 shares of the company’s stock worth $61,026,000 after purchasing an additional 79,618 shares during the last quarter. Yelin Lapidot Holdings Management Ltd. bought a new stake in shares of Enlight Renewable Energy in the third quarter valued at $3,120,000. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Enlight Renewable Energy by 7.5% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,830,384 shares of the company’s stock valued at $107,302,000 after buying an additional 477,897 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Enlight Renewable Energy by 40.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 410,362 shares of the company’s stock valued at $6,476,000 after acquiring an additional 117,525 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its position in Enlight Renewable Energy by 171.4% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,458,907 shares of the company’s stock worth $38,580,000 after purchasing an additional 1,552,795 shares during the period. Hedge funds and other institutional investors own 38.89% of the company’s stock.

Analyst Upgrades and Downgrades

ENLT has been the topic of a number of research reports. Barclays decreased their price objective on Enlight Renewable Energy from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, April 10th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $16.00 price objective (down previously from $19.00) on shares of Enlight Renewable Energy in a research note on Monday, April 8th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $20.00 price target (up previously from $19.00) on shares of Enlight Renewable Energy in a research report on Thursday.

Enlight Renewable Energy Stock Performance

ENLT stock traded up $0.03 on Thursday, hitting $18.12. The company had a trading volume of 11,720 shares, compared to its average volume of 44,187. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 32.11 and a beta of 1.68. Enlight Renewable Energy Ltd has a 12-month low of $12.11 and a 12-month high of $20.44. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.63. The stock’s 50-day simple moving average is $16.85 and its 200 day simple moving average is $16.90.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. Enlight Renewable Energy had a return on equity of 5.05% and a net margin of 27.74%. The firm had revenue of $90.40 million for the quarter, compared to analysts’ expectations of $79.31 million. During the same period in the previous year, the firm earned $0.20 EPS. The business’s quarterly revenue was up 27.3% on a year-over-year basis. As a group, equities research analysts expect that Enlight Renewable Energy Ltd will post 0.44 earnings per share for the current fiscal year.

Enlight Renewable Energy Company Profile

Enlight Renewable Energy Ltd operates a renewable energy platform in Israel, Central-Eastern Europe, Western Europe, and the United States. The company develops, finances, constructs, owns, and operates utility-scale renewable energy projects. It develops wind energy and solar energy projects, as well as energy storage projects.