Advisors Asset Management Inc. Acquires 13,150 Shares of Enlight Renewable Energy Ltd (NASDAQ:ENLT)

Advisors Asset Management Inc. raised its holdings in shares of Enlight Renewable Energy Ltd (NASDAQ:ENLT) by 1,181.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,263 shares of the company’s stock after purchasing an additional 13,150 shares during the quarter. Advisors Asset Management Inc.’s holdings in Enlight Renewable Energy were worth $241,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Susquehanna International Group Ltd. purchased a new position in Enlight Renewable Energy in the 2nd quarter worth about $253,000. Tidal Investments LLC purchased a new position in shares of Enlight Renewable Energy during the first quarter worth approximately $254,000. Quadrature Capital Ltd bought a new stake in shares of Enlight Renewable Energy during the first quarter valued at approximately $377,000. Y.D. More Investments Ltd boosted its holdings in shares of 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 during the period. Finally, Harel Insurance Investments & Financial Services Ltd. grew its stake in Enlight Renewable Energy by 3.0% in 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 purchasing an additional 76,873 shares in the last quarter. 38.89% of the stock is owned by hedge funds and other institutional investors.

Enlight Renewable Energy Stock Down 2.5 %

Shares of NASDAQ ENLT opened at $16.10 on Friday. Enlight Renewable Energy Ltd has a 12-month low of $14.09 and a 12-month high of $20.00. The stock’s fifty day simple moving average is $15.94 and its two-hundred day simple moving average is $16.27. The stock has a market capitalization of $1.86 billion, a PE ratio of 36.59 and a beta of 1.71. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.64.

Enlight Renewable Energy (NASDAQ:ENLT) last issued its quarterly earnings data on Wednesday, November 13th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.09. The company had revenue of $109.50 million for the quarter, compared to the consensus estimate of $83.09 million. Enlight Renewable Energy had a return on equity of 3.34% and a net margin of 13.58%. The firm’s revenue for the quarter was up 87.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 earnings per share. As a group, analysts expect that Enlight Renewable Energy Ltd will post 0.15 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.