Enlight Renewable Energy Ltd (NASDAQ:ENLT) Shares Sold by Altshuler Shaham Ltd

Altshuler Shaham Ltd trimmed its holdings in Enlight Renewable Energy Ltd (NASDAQ:ENLT) by 76.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 947,462 shares of the company’s stock after selling 3,058,783 shares during the period. Enlight Renewable Energy makes up about 0.6% of Altshuler Shaham Ltd’s holdings, making the stock its 17th largest holding. Altshuler Shaham Ltd owned approximately 0.82% of Enlight Renewable Energy worth $16,377,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Edmond DE Rothschild Holding S.A. grew its holdings in shares of Enlight Renewable Energy by 51.0% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 1,850 shares of the company’s stock worth $32,000 after purchasing an additional 625 shares during the period. Russell Investments Group Ltd. acquired a new position in Enlight Renewable Energy in the fourth quarter valued at about $145,000. Tidal Investments LLC boosted its stake in Enlight Renewable Energy by 11.3% during the third quarter. Tidal Investments LLC now owns 18,241 shares of the company’s stock worth $308,000 after buying an additional 1,852 shares during the period. Barclays PLC increased its position in shares of Enlight Renewable Energy by 4,278.2% during the third quarter. Barclays PLC now owns 25,525 shares of the company’s stock valued at $432,000 after acquiring an additional 24,942 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Enlight Renewable Energy in the 3rd quarter valued at approximately $655,000. Institutional investors and hedge funds own 38.89% of the company’s stock.

Enlight Renewable Energy Price Performance

Enlight Renewable Energy stock opened at $15.30 on Thursday. The company’s 50 day moving average is $16.39 and its two-hundred day moving average is $16.32. The firm has a market cap of $1.77 billion, a PE ratio of 42.50 and a beta of 1.26. The company has a quick ratio of 0.53, a current ratio of 1.22 and a debt-to-equity ratio of 1.98. Enlight Renewable Energy Ltd has a 52-week low of $14.01 and a 52-week high of $18.48.

Enlight Renewable Energy (NASDAQ:ENLT) last released its earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.17. Enlight Renewable Energy had a return on equity of 3.03% and a net margin of 11.09%. The firm had revenue of $114.21 million during the quarter, compared to analyst estimates of $289.04 million. On average, research analysts expect that Enlight Renewable Energy Ltd will post 0.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ENLT. JPMorgan Chase & Co. increased their price objective on shares of Enlight Renewable Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Wolfe Research lowered Enlight Renewable Energy from an “outperform” rating to a “peer perform” rating in a research report on Thursday, February 20th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Enlight Renewable Energy in a research note on Thursday, March 6th. They issued a “buy” rating and a $22.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.25.

About Enlight Renewable Energy

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.