57,115 Shares in Enlight Renewable Energy Ltd (NASDAQ:ENLT) Acquired by USS Investment Management Ltd

USS Investment Management Ltd acquired a new position in shares of Enlight Renewable Energy Ltd (NASDAQ:ENLT - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 57,115 shares of the company's stock, valued at approximately $985,000.

Several other large investors have also recently modified their holdings of the company. Edmond DE Rothschild Holding S.A. increased its stake in Enlight Renewable Energy by 51.0% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 1,850 shares of the company's stock valued at $32,000 after purchasing an additional 625 shares in the last quarter. Geode Capital Management LLC increased its stake in Enlight Renewable Energy by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 106,057 shares of the company's stock valued at $1,829,000 after purchasing an additional 2,467 shares in the last quarter. Deutsche Bank AG increased its stake in Enlight Renewable Energy by 0.6% during the 4th quarter. Deutsche Bank AG now owns 425,693 shares of the company's stock valued at $7,343,000 after purchasing an additional 2,748 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in Enlight Renewable Energy during the 4th quarter valued at approximately $145,000. Finally, Jane Street Group LLC acquired a new position in Enlight Renewable Energy during the 4th quarter valued at approximately $196,000. Institutional investors own 38.89% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Enlight Renewable Energy in a research note on Thursday, March 6th. They set a "buy" rating and a $22.00 price target on the stock. Wolfe Research lowered shares of Enlight Renewable Energy from an "outperform" rating to a "peer perform" rating in a research note on Thursday, February 20th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Enlight Renewable Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $20.25.

Read Our Latest Research Report on ENLT

Enlight Renewable Energy Stock Up 2.1%

NASDAQ:ENLT opened at $17.51 on Friday. The firm has a market capitalization of $2.02 billion, a P/E ratio of 48.64 and a beta of 1.24. Enlight Renewable Energy Ltd has a 1-year low of $14.01 and a 1-year high of $19.65. The company's fifty day moving average price is $16.48 and its 200-day moving average price is $16.57. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.22 and a quick ratio of 0.53.

Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.51 by $0.24. The company had revenue of $129.87 million for the quarter, compared to analyst estimates of $396.61 million. Enlight Renewable Energy had a net margin of 11.09% and a return on equity of 3.03%. As a group, equities research analysts anticipate that Enlight Renewable Energy Ltd will post 0.41 EPS for the current 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.

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