Susquehanna International Group Ltd. Acquires Shares of 15,664 Enlight Renewable Energy Ltd (NASDAQ:ENLT)

Susquehanna International Group Ltd. acquired a new stake in Enlight Renewable Energy Ltd (NASDAQ:ENLT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,664 shares of the company’s stock, valued at approximately $253,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tidal Investments LLC purchased a new stake in shares of Enlight Renewable Energy in the first quarter valued at about $254,000. Capstone Investment Advisors LLC raised its holdings in shares of Enlight Renewable Energy by 9.0% in the first quarter. Capstone Investment Advisors LLC now owns 21,800 shares of the company’s stock valued at $369,000 after buying an additional 1,800 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Enlight Renewable Energy in the first quarter valued at about $377,000. Swiss National Bank raised its holdings in shares of Enlight Renewable Energy by 1.3% in the first quarter. Swiss National Bank now owns 236,337 shares of the company’s stock valued at $3,954,000 after buying an additional 3,045 shares during the last quarter. Finally, Y.D. More Investments Ltd raised 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 buying an additional 1,955,345 shares during the last quarter. 38.89% of the stock is owned by hedge funds and other institutional investors.

Enlight Renewable Energy Trading Down 0.8 %

NASDAQ ENLT opened at $16.09 on Friday. The stock has a market capitalization of $1.86 billion, a P/E ratio of 31.55 and a beta of 1.69. Enlight Renewable Energy Ltd has a 52-week low of $12.11 and a 52-week high of $20.00. The firm has a 50-day moving average price of $16.00 and a 200 day moving average price of $16.55. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.59.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.07. The firm had revenue of $84.70 million during the quarter, compared to analysts’ expectations of $76.23 million. Enlight Renewable Energy had a net margin of 18.61% and a return on equity of 3.97%. The firm’s revenue for the quarter was up 61.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 earnings per share. Equities research analysts expect that Enlight Renewable Energy Ltd will post 0.26 EPS for the current year.

Analyst Upgrades and Downgrades

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

Enlight Renewable Energy Company 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.