Zurcher Kantonalbank Zurich Cantonalbank Has $489,000 Stock Position in Enlight Renewable Energy Ltd (NASDAQ:ENLT)

Zurcher Kantonalbank Zurich Cantonalbank cut its stake in shares of Enlight Renewable Energy Ltd (NASDAQ:ENLT) by 27.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 29,078 shares of the company’s stock after selling 10,867 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Enlight Renewable Energy were worth $489,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Enlight Renewable Energy by 4.2% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 8,771,161 shares of the company’s stock worth $147,885,000 after purchasing an additional 353,750 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in Enlight Renewable Energy by 1,181.5% during the third quarter. Advisors Asset Management Inc. now owns 14,263 shares of the company’s stock worth $241,000 after buying an additional 13,150 shares during the last quarter. Susquehanna International Group Ltd. bought a new stake in Enlight Renewable Energy during the second quarter worth $253,000. Y.D. More Investments Ltd lifted its stake 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 valued at $31,166,000 after acquiring an additional 1,955,345 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Enlight Renewable Energy by 3.0% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,619,180 shares of the company’s stock valued at $42,326,000 after acquiring an additional 76,873 shares during the period. 38.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Roth Mkm reiterated a “buy” rating and issued a $20.00 target price on shares of Enlight Renewable Energy in a research note on Wednesday, August 14th. Barclays upped their price objective on Enlight Renewable Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, November 15th.

Enlight Renewable Energy Price Performance

Shares of ENLT opened at $16.27 on Friday. The company’s 50-day moving average is $15.98 and its 200-day moving average is $16.17. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market capitalization of $1.88 billion, a PE ratio of 36.98 and a beta of 1.69. Enlight Renewable Energy Ltd has a fifty-two week low of $14.09 and a fifty-two week high of $20.00.

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

About Enlight Renewable Energy

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.