7,802 Shares in Enlight Renewable Energy Ltd. $ENLT Acquired by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC acquired a new stake in shares of Enlight Renewable Energy Ltd. (NASDAQ:ENLT) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,802 shares of the company’s stock, valued at approximately $533,000.

A number of other large investors have also added to or reduced their stakes in the stock. USS Investment Management Ltd boosted its holdings in Enlight Renewable Energy by 3.5% in the first quarter. USS Investment Management Ltd now owns 88,084 shares of the company’s stock worth $6,013,000 after acquiring an additional 2,981 shares in the last quarter. Pictet Asset Management Holding SA grew its position in Enlight Renewable Energy by 3.2% during the 1st quarter. Pictet Asset Management Holding SA now owns 126,798 shares of the company’s stock valued at $8,405,000 after purchasing an additional 3,970 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Enlight Renewable Energy by 121.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 505,792 shares of the company’s stock valued at $33,527,000 after purchasing an additional 277,179 shares during the last quarter. Invesco Ltd. increased its stake in Enlight Renewable Energy by 19.0% during the 4th quarter. Invesco Ltd. now owns 1,468,914 shares of the company’s stock valued at $66,777,000 after purchasing an additional 234,306 shares in the last quarter. Finally, Mackenzie Financial Corp bought a new stake in Enlight Renewable Energy during the 4th quarter valued at about $277,000. Hedge funds and other institutional investors own 38.89% of the company’s stock.

Enlight Renewable Energy Price Performance

Shares of NASDAQ:ENLT opened at $84.26 on Friday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a market cap of $9.99 billion, a price-to-earnings ratio of 195.96, a price-to-earnings-growth ratio of 30.53 and a beta of 1.66. The business has a 50-day simple moving average of $91.43 and a two-hundred day simple moving average of $72.78. Enlight Renewable Energy Ltd. has a fifty-two week low of $22.95 and a fifty-two week high of $108.65.

Enlight Renewable Energy (NASDAQ:ENLT) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. Enlight Renewable Energy had a net margin of 9.47% and a return on equity of 2.48%. The firm had revenue of $156.49 million for the quarter. On average, analysts expect that Enlight Renewable Energy Ltd. will post 0.29 earnings per share for the current year.

Insider Activity at Enlight Renewable Energy

In other Enlight Renewable Energy news, Vice Chairman Yair Seroussi sold 22,505 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $90.63, for a total transaction of $2,039,628.15. Following the completion of the sale, the insider directly owned 14,233 shares in the company, valued at approximately $1,289,936.79. The trade was a 61.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Israeli Ayelet Cohen sold 10,123 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $108.50, for a total transaction of $1,098,345.50. Following the sale, the vice president owned 20,974 shares of the company’s stock, valued at approximately $2,275,679. This represents a 32.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 313,597 shares of company stock valued at $29,830,515 over the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ENLT. Deutsche Bank Aktiengesellschaft set a $65.00 target price on shares of Enlight Renewable Energy and gave the stock a “hold” rating in a research note on Thursday, April 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Enlight Renewable Energy in a research report on Friday, March 27th. JPMorgan Chase & Co. boosted their price objective on shares of Enlight Renewable Energy from $57.00 to $68.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Wall Street Zen raised Enlight Renewable Energy from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. Finally, UBS Group increased their target price on Enlight Renewable Energy from $105.00 to $123.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Enlight Renewable Energy currently has a consensus rating of “Hold” and an average target price of $63.17.

Enlight Renewable Energy Profile

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) is an independent power producer specializing in the development, financing, construction and operation of renewable energy assets. The company’s portfolio encompasses utility-scale solar photovoltaic (PV) farms, onshore wind farms and energy storage facilities. By providing end-to-end project management—from site identification and feasibility studies through engineering procurement and construction (EPC) to long-term operations and maintenance—Enlight seeks to deliver reliable clean power under long-term power purchase agreements (PPAs).

Founded in 2008 and headquartered in Tel Aviv, Enlight has pursued an international growth strategy with operational and development projects in Israel and Western Europe.