Fmr LLC Sells 5,821 Shares of Enlight Renewable Energy Ltd (NASDAQ:ENLT)

Fmr LLC lowered its position in Enlight Renewable Energy Ltd (NASDAQ:ENLT) by 6.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 89,187 shares of the company’s stock after selling 5,821 shares during the period. Fmr LLC’s holdings in Enlight Renewable Energy were worth $1,496,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Advisors Asset Management Inc. raised its position in Enlight Renewable Energy by 1,181.5% in the 3rd 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 last quarter. Susquehanna International Group Ltd. bought a new position in Enlight Renewable Energy in the 2nd quarter worth approximately $253,000. Y.D. More Investments Ltd grew its holdings in Enlight Renewable Energy by 94,919.7% during the 2nd quarter. Y.D. More Investments Ltd now owns 1,957,405 shares of the company’s stock worth $31,166,000 after acquiring an additional 1,955,345 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd grew its holdings in Enlight Renewable Energy by 4.2% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 8,771,161 shares of the company’s stock worth $147,885,000 after acquiring an additional 353,750 shares during the period. Institutional investors own 38.89% of the company’s stock.

Enlight Renewable Energy Price Performance

Shares of ENLT stock opened at $15.95 on Monday. Enlight Renewable Energy Ltd has a 12-month low of $14.09 and a 12-month high of $20.00. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 36.25 and a beta of 1.69. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.64. The firm has a fifty day moving average of $15.99 and a 200-day moving average of $16.12.

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

Analyst Upgrades and Downgrades

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

Enlight Renewable Energy Profile

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.