Enlight Renewable Energy Ltd (NASDAQ:ENLT) Position Increased by Y.D. More Investments Ltd

Y.D. More Investments Ltd lifted its holdings in Enlight Renewable Energy Ltd (NASDAQ:ENLT - Free Report) by 18.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,068,179 shares of the company's stock after acquiring an additional 482,129 shares during the period. Enlight Renewable Energy accounts for about 4.7% of Y.D. More Investments Ltd's portfolio, making the stock its 4th biggest holding. Y.D. More Investments Ltd owned approximately 2.65% of Enlight Renewable Energy worth $53,043,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ENLT. JPMorgan Chase & Co. bought a new stake in Enlight Renewable Energy during the 3rd quarter valued at about $4,901,000. Tidal Investments LLC increased its stake in Enlight Renewable Energy by 11.3% during the 3rd quarter. Tidal Investments LLC now owns 18,241 shares of the company's stock valued at $308,000 after purchasing an additional 1,852 shares in the last quarter. Barclays PLC grew its stake in Enlight Renewable Energy by 4,278.2% during the 3rd quarter. Barclays PLC now owns 25,525 shares of the company's stock valued at $432,000 after purchasing an additional 24,942 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of 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 acquiring an additional 907 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Enlight Renewable Energy during the 3rd quarter valued at about $655,000. Hedge funds and other institutional investors own 38.89% of the company's stock.

Enlight Renewable Energy Stock Up 3.3 %

Shares of Enlight Renewable Energy stock traded up $0.55 on Wednesday, reaching $17.10. 12,903 shares of the company were exchanged, compared to its average volume of 20,652. The stock's 50 day moving average price is $16.58 and its 200-day moving average price is $16.18. 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 $18.48. The company has a market cap of $1.98 billion, a P/E ratio of 38.86 and a beta of 1.51.

Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last released its quarterly earnings results on Wednesday, November 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $109.50 million for the quarter, compared to the consensus estimate of $83.09 million. During the same quarter last year, the business posted $0.13 EPS. The firm's quarterly revenue was up 87.8% compared to the same quarter last year. As a group, equities analysts forecast that Enlight Renewable Energy Ltd will post 0.07 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented 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 report on Friday, November 15th. JPMorgan Chase & Co. boosted their price objective on Enlight Renewable Energy from $17.00 to $18.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd.

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.