Assenagon Asset Management S.A. Lowers Position in Enlight Renewable Energy Ltd (NASDAQ:ENLT)

Assenagon Asset Management S.A. cut its position in Enlight Renewable Energy Ltd (NASDAQ:ENLT - Free Report) by 24.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 441,026 shares of the company's stock after selling 139,647 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.38% of Enlight Renewable Energy worth $7,415,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Susquehanna International Group Ltd. bought a new position in Enlight Renewable Energy in the second quarter worth about $253,000. Y.D. More Investments Ltd grew its stake in shares of Enlight Renewable Energy by 94,919.7% during the second quarter. Y.D. More Investments Ltd now owns 1,957,405 shares of the company's stock worth $31,166,000 after acquiring an additional 1,955,345 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Enlight Renewable Energy by 3.0% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,619,180 shares of the company's stock worth $42,326,000 after acquiring an additional 76,873 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of Enlight Renewable Energy during the first quarter worth about $254,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Enlight Renewable Energy during the first quarter worth about $377,000. 38.89% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Roth Mkm restated a "buy" rating and set a $20.00 price target on shares of Enlight Renewable Energy in a research note on Wednesday, August 14th.

Enlight Renewable Energy Stock Up 1.5 %

Shares of ENLT stock traded up $0.24 during trading hours on Tuesday, reaching $16.13. 4,265 shares of the company's stock were exchanged, compared to its average volume of 26,785. The stock's fifty day moving average price is $15.99 and its two-hundred day moving average price is $16.38. The stock has a market cap of $1.86 billion, a PE ratio of 30.98 and a beta of 1.69. Enlight Renewable Energy Ltd has a 1 year low of $12.82 and a 1 year high of $20.00. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59.

Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $0.06 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.07. The firm had revenue of $84.70 million for the quarter, compared to analyst estimates of $76.23 million. Enlight Renewable Energy had a return on equity of 3.97% and a net margin of 18.61%. Enlight Renewable Energy's revenue for the quarter was up 61.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 earnings per share. Research analysts predict that Enlight Renewable Energy Ltd will post 0.26 EPS 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.