Enlight Renewable Energy Ltd. (NASDAQ:ENLT) is Y.D. More Investments Ltd's 4th Largest Position

Key Points

• Y.D. More Investments Ltd increased its holdings in Enlight Renewable Energy Ltd. by 18.0%, making it the firm's 4th largest position with approximately 3.62 million shares valued at about $57.87 million.
• Research firms have recently issued mixed ratings for Enlight Renewable Energy, with JPMorgan Chase raising its target price from $18.00 to $25.00 while Mizuho set a target of $21.00, giving it an "underperform" rating.
• Enlight Renewable Energy reported a miss in earnings for the most recent quarter, with earnings per share of $0.01 compared to the consensus estimate of $0.05.

Y.D. More Investments Ltd increased its position in shares of Enlight Renewable Energy Ltd. (NASDAQ:ENLT - Free Report) by 18.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,621,516 shares of the company's stock after buying an additional 553,337 shares during the period. Enlight Renewable Energy comprises approximately 5.0% of Y.D. More Investments Ltd's holdings, making the stock its 4th largest holding. Y.D. More Investments Ltd owned about 3.13% of Enlight Renewable Energy worth $57,870,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Phoenix Financial Ltd. raised its position in shares of Enlight Renewable Energy by 42.2% in the 4th quarter. Phoenix Financial Ltd. now owns 1,254,495 shares of the company's stock worth $21,634,000 after acquiring an additional 372,403 shares in the last quarter. Norges Bank bought a new position in Enlight Renewable Energy in the fourth quarter worth about $3,631,000. Vanguard Group Inc. lifted its position in shares of Enlight Renewable Energy by 1.7% during the first quarter. Vanguard Group Inc. now owns 4,227,862 shares of the company's stock valued at $68,107,000 after buying an additional 69,329 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Enlight Renewable Energy by 13.6% in the 1st quarter. Deutsche Bank AG now owns 483,774 shares of the company's stock valued at $7,818,000 after buying an additional 58,081 shares in the last quarter. Finally, USS Investment Management Ltd purchased a new position in shares of Enlight Renewable Energy in the 4th quarter worth approximately $985,000. Hedge funds and other institutional investors own 38.89% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on ENLT. Mizuho set a $21.00 target price on shares of Enlight Renewable Energy and gave the company an "underperform" rating in a research report on Monday, July 14th. Wall Street Zen upgraded Enlight Renewable Energy from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. raised their price objective on Enlight Renewable Energy from $18.00 to $25.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Finally, Roth Capital reaffirmed a "buy" rating on shares of Enlight Renewable Energy in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Enlight Renewable Energy presently has an average rating of "Hold" and a consensus price target of $21.80.

Enlight Renewable Energy Trading Up 2.1%

NASDAQ ENLT opened at $23.64 on Thursday. Enlight Renewable Energy Ltd. has a 12-month low of $14.01 and a 12-month high of $27.16. The company has a fifty day simple moving average of $22.90 and a two-hundred day simple moving average of $18.83. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.95. The stock has a market cap of $2.73 billion, a P/E ratio of 24.37 and a beta of 1.51.

Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). Enlight Renewable Energy had a return on equity of 8.17% and a net margin of 27.82%. On average, analysts forecast that Enlight Renewable Energy Ltd. will post 0.41 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.