Geode Capital Management LLC Acquires 907 Shares of Enlight Renewable Energy Ltd (NASDAQ:ENLT)

Geode Capital Management LLC increased its holdings in shares of Enlight Renewable Energy Ltd (NASDAQ:ENLT) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 103,590 shares of the company’s stock after acquiring an additional 907 shares during the quarter. Geode Capital Management LLC’s holdings in Enlight Renewable Energy were worth $1,751,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Advisors Asset Management Inc. increased its stake in 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 acquiring an additional 13,150 shares during the period. Susquehanna International Group Ltd. acquired a new stake in shares of Enlight Renewable Energy during the 2nd quarter worth $253,000. Barclays PLC grew its holdings in shares of Enlight Renewable Energy by 4,278.2% during the 3rd quarter. Barclays PLC now owns 25,525 shares of the company’s stock worth $432,000 after purchasing an additional 24,942 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Enlight Renewable Energy in the third quarter worth $655,000. Finally, 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. Institutional investors and hedge funds own 38.89% of the company’s stock.

Analyst Ratings Changes

Separately, Barclays raised their target price on shares of Enlight Renewable Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, November 15th.

Enlight Renewable Energy Trading Down 0.8 %

Shares of ENLT stock opened at $16.98 on Thursday. Enlight Renewable Energy Ltd has a fifty-two week low of $14.09 and a fifty-two week high of $18.48. The stock’s fifty day moving average price is $16.35 and its two-hundred day moving average price is $16.10. 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 market cap of $1.96 billion, a PE ratio of 38.59 and a beta of 1.53.

Enlight Renewable Energy (NASDAQ:ENLT) last released its quarterly earnings data on Wednesday, November 13th. The company reported $0.12 earnings per share 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 analyst estimates of $83.09 million. Enlight Renewable Energy had a return on equity of 3.34% and a net margin of 13.58%. Enlight Renewable Energy’s revenue was up 87.8% compared to the same quarter last year. During the same period last year, the firm posted $0.13 earnings per share. Equities analysts predict that Enlight Renewable Energy Ltd will post 0.15 EPS 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.