Public Employees Retirement System of Ohio Takes $655,000 Position in Enlight Renewable Energy Ltd (NASDAQ:ENLT)

Public Employees Retirement System of Ohio acquired a new stake in Enlight Renewable Energy Ltd (NASDAQ:ENLT - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 38,925 shares of the company's stock, valued at approximately $655,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd lifted its position in Enlight Renewable Energy by 4.2% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 8,771,161 shares of the company's stock worth $147,885,000 after acquiring an additional 353,750 shares during the last quarter. Y.D. More Investments Ltd grew its stake in 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 buying an additional 1,955,345 shares in the last quarter. Susquehanna International Group Ltd. acquired a new position in Enlight Renewable Energy during the second quarter valued at approximately $253,000. Finally, Advisors Asset Management Inc. lifted its position 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 worth $241,000 after buying an additional 13,150 shares during the last quarter. 38.89% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Barclays upped their target price on 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 Enlight Renewable Energy stock traded up $0.35 during mid-day trading on Friday, hitting $15.81. 4,355 shares of the stock were exchanged, compared to its average volume of 25,948. The company has a market capitalization of $1.83 billion, a P/E ratio of 35.93 and a beta of 1.69. 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 company has a 50-day simple moving average of $16.02 and a 200 day simple moving average of $16.08. Enlight Renewable Energy Ltd has a 12 month low of $14.09 and a 12 month high of $19.82.

Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last released its quarterly earnings data on Wednesday, November 13th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.03 by $0.09. The business had revenue of $109.50 million for the quarter, compared to the consensus estimate of $83.09 million. Enlight Renewable Energy had a net margin of 13.58% and a return on equity of 3.34%. The company's revenue was up 87.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 earnings per share. Sell-side analysts anticipate that Enlight Renewable Energy Ltd will post 0.15 earnings per share 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.