Clal Insurance Enterprises Holdings Ltd Buys 353,750 Shares of Enlight Renewable Energy Ltd (NASDAQ:ENLT)

Clal Insurance Enterprises Holdings Ltd grew its position in Enlight Renewable Energy Ltd (NASDAQ:ENLT - Free Report) by 4.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,771,161 shares of the company's stock after acquiring an additional 353,750 shares during the period. Enlight Renewable Energy accounts for 1.3% of Clal Insurance Enterprises Holdings Ltd's portfolio, making the stock its 22nd largest holding. Clal Insurance Enterprises Holdings Ltd owned about 7.59% of Enlight Renewable Energy worth $147,885,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Advisors Asset Management Inc. increased its holdings in shares of 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 in the last quarter. Tidal Investments LLC bought a new position in Enlight Renewable Energy in the first quarter valued at about $254,000. Susquehanna International Group Ltd. acquired a new stake in Enlight Renewable Energy in the second quarter worth about $253,000. Quadrature Capital Ltd bought a new stake in Enlight Renewable Energy during the 1st quarter worth about $377,000. Finally, Vanguard Group Inc. lifted its position in Enlight Renewable Energy by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 4,001,391 shares of the company's stock valued at $67,704,000 after purchasing an additional 29,249 shares during the period. Institutional investors and hedge funds own 38.89% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Barclays boosted their price target on shares of Enlight Renewable Energy from $20.00 to $21.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. Roth Mkm restated a "buy" rating and issued a $20.00 price target on shares of Enlight Renewable Energy in a research report on Wednesday, August 14th.

Enlight Renewable Energy Trading Up 0.8 %

ENLT traded up $0.13 during mid-day trading on Friday, hitting $16.14. The stock had a trading volume of 7,670 shares, compared to its average volume of 11,004. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.53 and a quick ratio of 0.53. Enlight Renewable Energy Ltd has a 1-year low of $14.09 and a 1-year high of $20.00. The stock's fifty day simple moving average is $15.88 and its 200-day simple moving average is $16.31. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 36.59 and a beta of 1.71.

Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last released its quarterly earnings data 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 return on equity of 3.34% and a net margin of 13.58%. The business had revenue of $109.50 million for the quarter, compared to analysts' expectations of $83.09 million. During the same quarter in the previous year, the business posted $0.13 EPS. Enlight Renewable Energy's revenue for the quarter was up 87.8% on a year-over-year basis. As a group, research analysts forecast that Enlight Renewable Energy Ltd will post 0.15 EPS for the current fiscal 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.