Y.D. More Investments Ltd Buys 482,129 Shares of Enlight Renewable Energy Ltd (NASDAQ:ENLT)

Y.D. More Investments Ltd raised its stake in shares of Enlight Renewable Energy Ltd (NASDAQ:ENLT) by 18.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,068,179 shares of the company’s stock after purchasing an additional 482,129 shares during the period. Enlight Renewable Energy accounts for about 4.7% of Y.D. More Investments Ltd’s holdings, making the stock its 4th biggest position. Y.D. More Investments Ltd’s holdings in Enlight Renewable Energy were worth $53,043,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. bought a new stake in shares of Enlight Renewable Energy in the 3rd quarter valued at approximately $4,901,000. Barclays PLC lifted its stake in shares of Enlight Renewable Energy by 4,278.2% in the third quarter. Barclays PLC now owns 25,525 shares of the company’s stock worth $432,000 after buying an additional 24,942 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Enlight Renewable Energy during the 3rd quarter worth $655,000. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Enlight Renewable Energy by 4.2% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 8,771,161 shares of the company’s stock valued at $147,885,000 after acquiring an additional 353,750 shares during the period. Finally, Geode Capital Management LLC raised its stake in Enlight Renewable Energy by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 103,590 shares of the company’s stock valued at $1,751,000 after purchasing an additional 907 shares during the last quarter. 38.89% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on ENLT shares. JPMorgan Chase & Co. boosted their price target on Enlight Renewable Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Barclays boosted their target price on Enlight Renewable Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th.

Enlight Renewable Energy Price Performance

Shares of ENLT stock opened at $16.55 on Wednesday. The firm’s 50 day moving average price is $16.58 and its two-hundred day moving average price is $16.18. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.53 and a current ratio of 0.53. Enlight Renewable Energy Ltd has a 52-week low of $14.09 and a 52-week high of $18.48. The stock has a market cap of $1.91 billion, a PE ratio of 37.61 and a beta of 1.51.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its earnings results on Wednesday, November 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.09. Enlight Renewable Energy had a return on equity of 3.34% and a net margin of 13.58%. The company had revenue of $109.50 million during the quarter, compared to analyst estimates of $83.09 million. During the same period in the previous year, the company earned $0.13 EPS. The company’s revenue for the quarter was up 87.8% compared to the same quarter last year. As a group, analysts forecast that Enlight Renewable Energy Ltd will post 0.07 EPS for the current 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.