UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $5.20 Million Stake in Enlight Renewable Energy Ltd (NASDAQ:ENLT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of Enlight Renewable Energy Ltd (NASDAQ:ENLT) by 2.8% during the third quarter, Holdings Channel.com reports. The firm owned 307,432 shares of the company’s stock after selling 8,846 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Enlight Renewable Energy were worth $5,196,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ENLT. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Enlight Renewable Energy by 4.2% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 8,771,161 shares of the company’s stock valued at $147,885,000 after purchasing an additional 353,750 shares during the period. Advisors Asset Management Inc. increased its position 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 worth $241,000 after purchasing an additional 13,150 shares during the period. Susquehanna International Group Ltd. acquired a new position in Enlight Renewable Energy in the second quarter valued at about $253,000. Y.D. More Investments Ltd raised its stake in Enlight Renewable Energy by 94,919.7% in the second quarter. Y.D. More Investments Ltd now owns 1,957,405 shares of the company’s stock valued at $31,166,000 after purchasing an additional 1,955,345 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its stake in 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 buying an additional 76,873 shares in the last quarter. 38.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Enlight Renewable Energy Stock Down 0.9 %

Shares of ENLT opened at $16.23 on Thursday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.53 and a current ratio of 0.53. Enlight Renewable Energy Ltd has a 52 week low of $14.09 and a 52 week high of $20.00. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 36.89 and a beta of 1.70. The stock has a fifty day moving average of $15.98 and a 200-day moving average of $16.14.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its earnings results on Wednesday, November 13th. The company reported $0.12 EPS 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 firm had revenue of $109.50 million during the quarter, compared to the consensus estimate of $83.09 million. During the same period last year, the company earned $0.13 earnings per share. The business’s quarterly revenue was up 87.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Enlight Renewable Energy Ltd will post 0.15 earnings per share for the current fiscal 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.