Meitav Investment House Ltd. Decreases Stake in Enlight Renewable Energy Ltd (NASDAQ:ENLT)

Meitav Investment House Ltd. reduced its stake in Enlight Renewable Energy Ltd (NASDAQ:ENLTFree Report) by 5.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,671,924 shares of the company’s stock after selling 300,430 shares during the quarter. Enlight Renewable Energy comprises about 1.6% of Meitav Investment House Ltd.’s portfolio, making the stock its 20th largest holding. Meitav Investment House Ltd.’s holdings in Enlight Renewable Energy were worth $95,688,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Susquehanna International Group Ltd. purchased a new position in shares of Enlight Renewable Energy in the 2nd quarter valued at approximately $253,000. Tidal Investments LLC purchased a new position in shares of Enlight Renewable Energy in the 1st quarter valued at approximately $254,000. Capstone Investment Advisors LLC raised its position in shares of Enlight Renewable Energy by 9.0% in the 1st quarter. Capstone Investment Advisors LLC now owns 21,800 shares of the company’s stock valued at $369,000 after purchasing an additional 1,800 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of Enlight Renewable Energy in the 1st quarter valued at approximately $377,000. Finally, Swiss National Bank raised its position in shares of Enlight Renewable Energy by 1.3% in the 1st quarter. Swiss National Bank now owns 236,337 shares of the company’s stock valued at $3,954,000 after purchasing an additional 3,045 shares during the last quarter. 38.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Enlight Renewable Energy in a research report on Wednesday, August 14th.

Check Out Our Latest Research Report on Enlight Renewable Energy

Enlight Renewable Energy Price Performance

Shares of NASDAQ:ENLT opened at $16.02 on Thursday. Enlight Renewable Energy Ltd has a twelve month low of $13.29 and a twelve month high of $20.00. The company’s 50 day moving average is $16.00 and its 200 day moving average is $16.38. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The company has a market cap of $1.85 billion, a PE ratio of 31.41 and a beta of 1.69.

Enlight Renewable Energy (NASDAQ:ENLTGet Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.07. Enlight Renewable Energy had a net margin of 18.61% and a return on equity of 3.97%. The company had revenue of $84.70 million for the quarter, compared to the consensus estimate of $76.23 million. During the same quarter in the prior year, the company earned $0.12 EPS. Enlight Renewable Energy’s quarterly revenue was up 61.0% on a year-over-year basis. On average, sell-side analysts forecast that Enlight Renewable Energy Ltd will post 0.26 EPS for the current year.

About Enlight Renewable Energy

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding ENLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enlight Renewable Energy Ltd (NASDAQ:ENLTFree Report).

Institutional Ownership by Quarter for Enlight Renewable Energy (NASDAQ:ENLT)

Receive News & Ratings for Enlight Renewable Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enlight Renewable Energy and related companies with MarketBeat.com's FREE daily email newsletter.