Zurcher Kantonalbank Zurich Cantonalbank Has $775,000 Position in Enlight Renewable Energy Ltd (NASDAQ:ENLT)

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in Enlight Renewable Energy Ltd (NASDAQ:ENLT) by 17.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,776 shares of the company’s stock after selling 8,416 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Enlight Renewable Energy were worth $775,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ENLT. Vanguard Group Inc. lifted its stake in shares of Enlight Renewable Energy by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 3,889,496 shares of the company’s stock valued at $61,026,000 after purchasing an additional 79,618 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Enlight Renewable Energy by 1.1% during the third quarter. DekaBank Deutsche Girozentrale now owns 422,381 shares of the company’s stock valued at $6,560,000 after buying an additional 4,415 shares in the last quarter. Swiss National Bank lifted its position in shares of Enlight Renewable Energy by 3.6% in the third quarter. Swiss National Bank now owns 260,411 shares of the company’s stock worth $4,098,000 after buying an additional 9,069 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Enlight Renewable Energy by 40.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 410,362 shares of the company’s stock worth $6,476,000 after acquiring an additional 117,525 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Enlight Renewable Energy by 7.5% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,830,384 shares of the company’s stock valued at $107,302,000 after acquiring an additional 477,897 shares during the last quarter. 38.89% of the stock is owned by institutional investors.

Enlight Renewable Energy Stock Up 2.9 %

Shares of ENLT stock opened at $16.21 on Tuesday. Enlight Renewable Energy Ltd has a 12 month low of $12.11 and a 12 month high of $20.44. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.63. The firm has a market cap of $1.87 billion, a PE ratio of 28.44 and a beta of 1.84. The stock has a 50 day moving average of $16.84 and a 200-day moving average of $16.72.

Enlight Renewable Energy (NASDAQ:ENLT) last announced its earnings results on Monday, February 26th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.05). Enlight Renewable Energy had a return on equity of 5.05% and a net margin of 27.74%. The company had revenue of $73.83 million for the quarter, compared to the consensus estimate of $85.36 million. On average, equities analysts predict that Enlight Renewable Energy Ltd will post 0.44 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ENLT shares. Mizuho boosted their target price on Enlight Renewable Energy from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Wednesday, January 3rd. Barclays reduced their price objective on shares of Enlight Renewable Energy from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, April 10th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $16.00 target price (down from $19.00) on shares of Enlight Renewable Energy in a research note on Monday, April 8th.

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.