Assenagon Asset Management S.A. Has $5.95 Million Holdings in Enlight Renewable Energy Ltd (NASDAQ:ENLT)

Assenagon Asset Management S.A. lessened its stake in shares of Enlight Renewable Energy Ltd (NASDAQ:ENLT - Free Report) by 22.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 343,822 shares of the company's stock after selling 97,204 shares during the quarter. Assenagon Asset Management S.A. owned about 0.30% of Enlight Renewable Energy worth $5,950,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ENLT. Geode Capital Management LLC boosted its stake in shares of 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 buying an additional 907 shares during the period. Tidal Investments LLC raised its holdings in shares of Enlight Renewable Energy by 11.3% during the 3rd quarter. Tidal Investments LLC now owns 18,241 shares of the company's stock valued at $308,000 after purchasing an additional 1,852 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Enlight Renewable Energy by 1,181.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 14,263 shares of the company's stock valued at $241,000 after purchasing an additional 13,150 shares in the last quarter. Susquehanna International Group Ltd. bought a new position in shares of Enlight Renewable Energy during the 2nd quarter valued at $253,000. Finally, Barclays PLC raised its holdings in shares of Enlight Renewable Energy by 4,278.2% during the 3rd quarter. Barclays PLC now owns 25,525 shares of the company's stock valued at $432,000 after purchasing an additional 24,942 shares in the last quarter. Institutional investors and hedge funds own 38.89% of the company's stock.

Analyst Ratings Changes

Separately, Barclays lifted their target price on shares of Enlight Renewable Energy from $20.00 to $21.00 and gave the stock an "overweight" rating in a report on Friday, November 15th.

Enlight Renewable Energy Stock Performance

Shares of NASDAQ:ENLT traded up $0.51 on Tuesday, hitting $17.61. 6,769 shares of the company were exchanged, compared to its average volume of 13,383. The company's 50 day moving average price is $16.55 and its two-hundred day moving average price is $16.17. Enlight Renewable Energy Ltd has a one year low of $14.09 and a one year high of $18.48. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 40.02 and a beta of 1.53.

Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last issued its earnings results on Wednesday, November 13th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.09. Enlight Renewable Energy had a net margin of 13.58% and a return on equity of 3.34%. The business had revenue of $109.50 million for the quarter, compared to analyst estimates of $83.09 million. During the same period in the previous year, the business earned $0.13 EPS. The firm's revenue was up 87.8% on a year-over-year basis. Research analysts expect that Enlight Renewable Energy Ltd will post 0.07 earnings per share for the current year.

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.