V Square Quantitative Management LLC Purchases New Holdings in Enlight Renewable Energy Ltd. $ENLT

V Square Quantitative Management LLC purchased a new stake in Enlight Renewable Energy Ltd. (NASDAQ:ENLT) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,680 shares of the company’s stock, valued at approximately $106,000.

Several other institutional investors have also made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its stake in shares of Enlight Renewable Energy by 2.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 39,872 shares of the company’s stock valued at $690,000 after buying an additional 947 shares during the period. Amundi boosted its stake in shares of Enlight Renewable Energy by 2.3% in the first quarter. Amundi now owns 74,681 shares of the company’s stock valued at $1,160,000 after buying an additional 1,647 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Enlight Renewable Energy by 1.9% in the first quarter. Assenagon Asset Management S.A. now owns 350,203 shares of the company’s stock valued at $5,582,000 after buying an additional 6,381 shares during the period. Jane Street Group LLC bought a new stake in shares of Enlight Renewable Energy in the fourth quarter valued at approximately $196,000. Finally, Advisors Asset Management Inc. boosted its stake in shares of Enlight Renewable Energy by 70.7% in the first quarter. Advisors Asset Management Inc. now owns 27,565 shares of the company’s stock valued at $445,000 after buying an additional 11,414 shares during the period. 38.89% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ENLT has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $30.00 price target on shares of Enlight Renewable Energy in a research note on Wednesday. Roth Capital restated a “buy” rating and set a $28.00 target price on shares of Enlight Renewable Energy in a research note on Wednesday, August 6th. Barclays upped their target price on Enlight Renewable Energy from $21.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Wall Street Zen cut Enlight Renewable Energy from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 10th. Finally, JPMorgan Chase & Co. upped their target price on Enlight Renewable Energy from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Friday, September 19th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Enlight Renewable Energy currently has a consensus rating of “Hold” and a consensus target price of $26.40.

Enlight Renewable Energy Price Performance

NASDAQ ENLT opened at $31.46 on Friday. The business has a fifty day moving average price of $27.26 and a two-hundred day moving average price of $21.98. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.70 and a current ratio of 0.70. Enlight Renewable Energy Ltd. has a fifty-two week low of $14.01 and a fifty-two week high of $31.80.

Enlight Renewable Energy (NASDAQ:ENLT) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.05). Enlight Renewable Energy had a net margin of 23.58% and a return on equity of 7.48%. The firm had revenue of $36.37 million during the quarter, compared to the consensus estimate of $424.05 million. As a group, research analysts anticipate that Enlight Renewable Energy Ltd. will post 0.41 EPS for the current year.

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.