Altshuler Shaham Ltd Sells 3,058,783 Shares of Enlight Renewable Energy Ltd (NASDAQ:ENLT)

Altshuler Shaham Ltd trimmed its stake in shares of Enlight Renewable Energy Ltd (NASDAQ:ENLT - Free Report) by 76.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 947,462 shares of the company's stock after selling 3,058,783 shares during the quarter. Enlight Renewable Energy comprises 0.6% of Altshuler Shaham Ltd's investment portfolio, making the stock its 17th biggest holding. Altshuler Shaham Ltd owned 0.82% of Enlight Renewable Energy worth $16,377,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of ENLT. Edmond DE Rothschild Holding S.A. increased its stake in shares of Enlight Renewable Energy by 51.0% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 1,850 shares of the company's stock worth $32,000 after acquiring an additional 625 shares during the period. Geode Capital Management LLC grew 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 worth $1,751,000 after purchasing an additional 907 shares during the period. Tidal Investments LLC boosted its stake 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 worth $308,000 after acquiring an additional 1,852 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in Enlight Renewable Energy in the 4th quarter valued at approximately $145,000. Finally, Pictet Asset Management Holding SA boosted its position in Enlight Renewable Energy by 19.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 125,865 shares of the company's stock worth $2,178,000 after purchasing an additional 20,345 shares in the last quarter. Hedge funds and other institutional investors own 38.89% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ENLT. Deutsche Bank Aktiengesellschaft started coverage on Enlight Renewable Energy in a research report on Thursday, March 6th. They issued a "buy" rating and a $22.00 price objective on the stock. JPMorgan Chase & Co. upped their target price on Enlight Renewable Energy from $17.00 to $18.00 and gave the company a "neutral" rating in a research note on Thursday, January 23rd. Finally, Wolfe Research lowered Enlight Renewable Energy from an "outperform" rating to a "peer perform" rating in a research report on Thursday, February 20th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $20.25.

Enlight Renewable Energy Price Performance

Shares of ENLT stock traded up $0.60 during mid-day trading on Tuesday, hitting $15.72. 2,356 shares of the stock traded hands, compared to its average volume of 16,137. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 43.65 and a beta of 1.26. Enlight Renewable Energy Ltd has a twelve month low of $14.01 and a twelve month high of $18.48. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.53 and a current ratio of 1.22. The company's 50-day simple moving average is $16.33 and its 200-day simple moving average is $16.31.

Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.17. The firm had revenue of $114.21 million during the quarter, compared to the consensus estimate of $289.04 million. Enlight Renewable Energy had a return on equity of 3.03% and a net margin of 11.09%. As a group, equities research analysts expect 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.