Barclays PLC Buys 24,942 Shares of Enlight Renewable Energy Ltd (NASDAQ:ENLT)

Barclays PLC increased its stake in shares of Enlight Renewable Energy Ltd (NASDAQ:ENLT - Free Report) by 4,278.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,525 shares of the company's stock after buying an additional 24,942 shares during the quarter. Barclays PLC's holdings in Enlight Renewable Energy were worth $432,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC lifted its stake in Enlight Renewable Energy by 0.9% in 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. Public Employees Retirement System of Ohio acquired a new position in Enlight Renewable Energy in the 3rd quarter worth about $655,000. Clal Insurance Enterprises Holdings Ltd raised its position in 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 purchasing an additional 353,750 shares during the last quarter. Advisors Asset Management Inc. raised its position in Enlight Renewable Energy by 1,181.5% in the third 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 during the last quarter. Finally, Susquehanna International Group Ltd. acquired a new stake in shares of Enlight Renewable Energy during the second quarter valued at about $253,000. Institutional investors own 38.89% of the company's stock.

Analyst Ratings Changes

Separately, Barclays upped their price objective on Enlight Renewable Energy from $20.00 to $21.00 and gave the company an "overweight" rating in a research note on Friday, November 15th.

Enlight Renewable Energy Trading Up 3.0 %

NASDAQ ENLT traded up $0.50 on Friday, reaching $17.10. The company had a trading volume of 47,488 shares, compared to its average volume of 23,298. Enlight Renewable Energy Ltd has a fifty-two week low of $14.09 and a fifty-two week high of $18.48. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 38.86 and a beta of 1.53. The business has a 50 day moving average of $16.51 and a two-hundred day moving average of $16.16.

Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $109.50 million for the quarter, compared to analyst estimates of $83.09 million. During the same period in the prior year, the firm posted $0.13 EPS. The company's quarterly revenue was up 87.8% on a year-over-year basis. Analysts forecast that Enlight Renewable Energy Ltd will post 0.07 EPS for the current year.

Enlight Renewable Energy 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.