UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Enlight Renewable Energy Ltd (NASDAQ:ENLT - Free Report) by 9.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 336,224 shares of the company's stock after buying an additional 28,792 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.29% of Enlight Renewable Energy worth $5,798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meitav Investment House Ltd. increased its holdings in shares of Enlight Renewable Energy by 4.0% during the fourth quarter. Meitav Investment House Ltd. now owns 5,901,179 shares of the company's stock valued at $101,910,000 after acquiring an additional 229,255 shares in the last quarter. Vanguard Group Inc. grew its position in Enlight Renewable Energy by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 4,158,533 shares of the company's stock worth $71,926,000 after purchasing an additional 35,555 shares during the last quarter. Y.D. More Investments Ltd increased its stake in Enlight Renewable Energy by 18.6% during the 4th quarter. Y.D. More Investments Ltd now owns 3,068,179 shares of the company's stock valued at $53,043,000 after purchasing an additional 482,129 shares in the last quarter. Phoenix Financial Ltd. raised its holdings in shares of Enlight Renewable Energy by 42.2% in the fourth quarter. Phoenix Financial Ltd. now owns 1,254,495 shares of the company's stock worth $21,634,000 after buying an additional 372,403 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Enlight Renewable Energy by 5.7% in the fourth quarter. Legal & General Group Plc now owns 504,508 shares of the company's stock worth $8,730,000 after buying an additional 27,248 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
A number of equities research analysts have recently weighed in on ENLT shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Enlight Renewable Energy in a report on Thursday, March 6th. They set a "buy" rating and a $22.00 price objective on the stock. Wolfe Research downgraded Enlight Renewable Energy from an "outperform" rating to a "peer perform" rating in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $20.25.
Read Our Latest Report on Enlight Renewable Energy
Enlight Renewable Energy Stock Performance
NASDAQ ENLT traded down $0.01 on Friday, hitting $19.70. 11,812 shares of the company's stock traded hands, compared to its average volume of 16,440. The firm's 50-day moving average price is $17.04 and its two-hundred day moving average price is $16.78. The firm has a market capitalization of $2.28 billion, a PE ratio of 54.72 and a beta of 1.24. The company has a current ratio of 1.22, a quick ratio of 0.53 and a debt-to-equity ratio of 1.98. Enlight Renewable Energy Ltd has a 1-year low of $14.01 and a 1-year high of $20.44.
Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.24. Enlight Renewable Energy had a net margin of 11.09% and a return on equity of 3.03%. The company had revenue of $129.87 million during the quarter, compared to the consensus estimate of $396.61 million. As a group, analysts expect that Enlight Renewable Energy Ltd will post 0.41 EPS for the current year.
About Enlight Renewable Energy
(
Free Report)
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.
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