Clal Insurance Enterprises Holdings Ltd Sells 39,439 Shares of Enlight Renewable Energy Ltd. (NASDAQ:ENLT)

Clal Insurance Enterprises Holdings Ltd lessened its holdings in shares of Enlight Renewable Energy Ltd. (NASDAQ:ENLT) by 0.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 8,750,122 shares of the company’s stock after selling 39,439 shares during the period. Enlight Renewable Energy accounts for about 1.4% of Clal Insurance Enterprises Holdings Ltd’s portfolio, making the stock its 16th largest position. Clal Insurance Enterprises Holdings Ltd owned 7.57% of Enlight Renewable Energy worth $139,937,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Nuveen LLC bought a new stake in shares of Enlight Renewable Energy during the first quarter worth $1,597,000. Invesco Ltd. grew its holdings in shares of Enlight Renewable Energy by 2.5% during the first quarter. Invesco Ltd. now owns 1,656,086 shares of the company’s stock worth $26,762,000 after purchasing an additional 40,665 shares during the last quarter. Y.D. More Investments Ltd grew its holdings in shares of Enlight Renewable Energy by 18.0% during the first quarter. Y.D. More Investments Ltd now owns 3,621,516 shares of the company’s stock worth $57,870,000 after purchasing an additional 553,337 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Enlight Renewable Energy by 13.6% during the first quarter. Deutsche Bank AG now owns 483,774 shares of the company’s stock worth $7,818,000 after purchasing an additional 58,081 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Enlight Renewable Energy by 1.7% during the first quarter. Vanguard Group Inc. now owns 4,227,862 shares of the company’s stock worth $68,107,000 after purchasing an additional 69,329 shares during the last quarter. Institutional investors own 38.89% of the company’s stock.

Enlight Renewable Energy Stock Up 0.6%

Shares of Enlight Renewable Energy stock opened at $23.97 on Tuesday. Enlight Renewable Energy Ltd. has a 1 year low of $14.01 and a 1 year high of $27.16. The business has a 50-day moving average of $23.23 and a two-hundred day moving average of $19.03. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.70 and a current ratio of 0.70.

Enlight Renewable Energy (NASDAQ:ENLT) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.05). Enlight Renewable Energy had a return on equity of 7.48% and a net margin of 23.58%. The business had revenue of $36.37 million during the quarter, compared to the consensus estimate of $424.05 million. Analysts anticipate that Enlight Renewable Energy Ltd. will post 0.41 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Roth Capital restated a “buy” rating and set a $28.00 target price on shares of Enlight Renewable Energy in a report on Wednesday, August 6th. JPMorgan Chase & Co. upped their price target on Enlight Renewable Energy from $18.00 to $25.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Mizuho set a $21.00 price target on Enlight Renewable Energy and gave the company an “underperform” rating in a research note on Monday, July 14th. Barclays upped their price target on Enlight Renewable Energy from $21.00 to $26.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Finally, Wall Street Zen lowered Enlight Renewable Energy from a “hold” rating to a “strong sell” rating in a research note on Sunday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $23.67.

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.