Enlight Renewable Energy Ltd (NASDAQ:ENLT) Stock Holdings Boosted by Tidal Investments LLC

Tidal Investments LLC boosted its position in Enlight Renewable Energy Ltd (NASDAQ:ENLT) by 11.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,241 shares of the company’s stock after purchasing an additional 1,852 shares during the quarter. Tidal Investments LLC’s holdings in Enlight Renewable Energy were worth $308,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. increased its stake in shares of Enlight Renewable Energy by 1,181.5% in the third quarter. Advisors Asset Management Inc. now owns 14,263 shares of the company’s stock valued at $241,000 after purchasing an additional 13,150 shares during the period. Susquehanna International Group Ltd. bought a new stake in Enlight Renewable Energy during the 2nd quarter valued at $253,000. Barclays PLC boosted its position in 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 acquiring an additional 24,942 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Enlight Renewable Energy in the third quarter worth $655,000. Finally, Geode Capital Management LLC increased its holdings in shares of Enlight Renewable Energy by 0.9% during the third quarter. Geode Capital Management LLC now owns 103,590 shares of the company’s stock valued at $1,751,000 after purchasing an additional 907 shares during the period. 38.89% of the stock is owned by institutional investors and hedge funds.

Enlight Renewable Energy Stock Performance

Shares of NASDAQ ENLT opened at $17.40 on Wednesday. Enlight Renewable Energy Ltd has a 1 year low of $14.09 and a 1 year high of $19.81. 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 stock has a fifty day moving average price of $16.03 and a two-hundred day moving average price of $16.06. The firm has a market cap of $2.01 billion, a P/E ratio of 39.55 and a beta of 1.70.

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

Analyst Ratings Changes

Separately, Barclays upped their price objective 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 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.