Enlight Renewable Energy Ltd (NASDAQ:ENLT) Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC trimmed its holdings in shares of Enlight Renewable Energy Ltd (NASDAQ:ENLT) by 6.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,354 shares of the company’s stock after selling 1,127 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Enlight Renewable Energy were worth $260,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ENLT. Clal Insurance Enterprises Holdings Ltd increased its stake in Enlight Renewable Energy by 16.2% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 7,936,313 shares of the company’s stock valued at $155,473,000 after buying an additional 1,105,929 shares during the period. Vanguard Group Inc. increased its stake in shares of Enlight Renewable Energy by 0.7% during the first quarter. Vanguard Group Inc. now owns 4,001,391 shares of the company’s stock valued at $67,704,000 after acquiring an additional 29,249 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its holdings in Enlight Renewable Energy by 3.0% during 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. Y.D. More Investments Ltd lifted its position 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 worth $31,166,000 after purchasing an additional 1,955,345 shares during the period. Finally, Swiss National Bank boosted its stake in Enlight Renewable Energy by 1.3% during the 1st quarter. Swiss National Bank now owns 236,337 shares of the company’s stock valued at $3,954,000 after purchasing an additional 3,045 shares in the last quarter. 38.89% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Enlight Renewable Energy Trading Down 0.9 %

Shares of NASDAQ:ENLT opened at $16.09 on Monday. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 31.55 and a beta of 1.69. Enlight Renewable Energy Ltd has a 1-year low of $12.11 and a 1-year high of $20.00. The company has a 50 day moving average price of $16.00 and a 200 day moving average price of $16.53. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.59.

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

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.