UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Enlight Renewable Energy Ltd (NASDAQ:ENLT - Free Report) by 9.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 336,224 shares of the company's stock after buying an additional 28,792 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.29% of Enlight Renewable Energy worth $5,798,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. USS Investment Management Ltd bought a new position in shares of Enlight Renewable Energy during the fourth quarter valued at about $985,000. Deutsche Bank AG boosted its position in shares of Enlight Renewable Energy by 0.6% during the fourth quarter. Deutsche Bank AG now owns 425,693 shares of the company's stock valued at $7,343,000 after buying an additional 2,748 shares during the period. Jane Street Group LLC bought a new stake in shares of Enlight Renewable Energy in the fourth quarter valued at about $196,000. Phoenix Financial Ltd. grew its holdings in 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 purchasing an additional 372,403 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in Enlight Renewable Energy by 5.7% during the 4th quarter. Legal & General Group Plc now owns 504,508 shares of the company's stock worth $8,730,000 after acquiring an additional 27,248 shares during the period. Institutional investors own 38.89% of the company's stock.
Enlight Renewable Energy Stock Performance
Shares of NASDAQ ENLT traded down $0.27 during trading hours on Thursday, reaching $19.70. 29,507 shares of the stock were exchanged, compared to its average volume of 16,393. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 54.67 and a beta of 1.24. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.53 and a current ratio of 1.22. Enlight Renewable Energy Ltd has a 52 week low of $14.01 and a 52 week high of $20.44. The stock's fifty day simple moving average is $16.96 and its 200 day simple moving average is $16.76.
Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.75 earnings per share 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 firm had revenue of $129.87 million for the quarter, compared to analyst estimates of $396.61 million. Sell-side analysts predict that Enlight Renewable Energy Ltd will post 0.41 EPS for the current year.
Analyst Upgrades and Downgrades
ENLT has been the subject of several analyst reports. Wolfe Research lowered Enlight Renewable Energy from an "outperform" rating to a "peer perform" rating in a research report on Thursday, February 20th. Deutsche Bank Aktiengesellschaft initiated coverage on Enlight Renewable Energy in a research report 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 given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $20.25.
Check Out Our Latest Analysis on ENLT
Enlight Renewable Energy Profile
(
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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