Meitav Investment House Ltd. Has $101.91 Million Holdings in Enlight Renewable Energy Ltd (NASDAQ:ENLT)

Meitav Investment House Ltd. boosted its position in shares of Enlight Renewable Energy Ltd (NASDAQ:ENLT) by 4.0% in the fourth quarter, Holdings Channel reports. The fund owned 5,901,179 shares of the company’s stock after acquiring an additional 229,255 shares during the period. Enlight Renewable Energy accounts for 1.7% of Meitav Investment House Ltd.’s investment portfolio, making the stock its 18th biggest holding. Meitav Investment House Ltd. owned about 0.05% of Enlight Renewable Energy worth $101,910,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Y.D. More Investments Ltd lifted its position in shares of Enlight Renewable Energy by 18.6% during the 4th quarter. Y.D. More Investments Ltd now owns 3,068,179 shares of the company’s stock worth $53,043,000 after purchasing an additional 482,129 shares during the last quarter. JPMorgan Chase & Co. bought a new position in Enlight Renewable Energy in the 3rd quarter worth approximately $4,901,000. Barclays PLC lifted its holdings in shares of Enlight Renewable Energy by 4,278.2% during the third quarter. Barclays PLC now owns 25,525 shares of the company’s stock worth $432,000 after buying an additional 24,942 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Enlight Renewable Energy in the third quarter valued at approximately $655,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Enlight Renewable Energy by 4.2% in the third 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 last quarter. 38.89% of the stock is currently owned by institutional investors.

Enlight Renewable Energy Price Performance

Shares of NASDAQ:ENLT opened at $17.77 on Thursday. The firm has a market capitalization of $1.96 billion, a PE ratio of 40.39 and a beta of 1.51. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.64. Enlight Renewable Energy Ltd has a 1-year low of $14.09 and a 1-year high of $18.48. The business’s 50 day moving average is $16.70 and its 200-day moving average is $16.26.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.17. Enlight Renewable Energy had a net margin of 13.58% and a return on equity of 3.34%. Sell-side analysts predict that Enlight Renewable Energy Ltd will post 0.07 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Enlight Renewable Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Barclays boosted 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.