DnB Asset Management AS boosted its position in JinkoSolar Holding Co., Ltd. (NYSE:JKS) by 7.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 304,325 shares of the semiconductor company’s stock after purchasing an additional 21,794 shares during the period. DnB Asset Management AS owned about 0.93% of JinkoSolar worth $7,319,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Advisor Group Inc. grew its position in JinkoSolar by 20,995.0% in the 3rd quarter. Advisor Group Inc. now owns 4,219 shares of the semiconductor company’s stock worth $105,000 after purchasing an additional 4,199 shares in the last quarter. Quantbot Technologies LP bought a new stake in JinkoSolar in the 3rd quarter worth about $139,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in JinkoSolar in the 3rd quarter worth about $162,000. Granite Point Capital Management L.P. bought a new stake in JinkoSolar in the 2nd quarter worth about $208,000. Finally, GRATRY & Co LLC bought a new stake in JinkoSolar in the 3rd quarter worth about $259,000. 21.34% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have issued reports on JKS. Goldman Sachs Group began coverage on shares of JinkoSolar in a research report on Tuesday. They issued a “sell” rating and a $16.00 price objective for the company. ValuEngine downgraded shares of JinkoSolar from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research raised shares of JinkoSolar from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Wednesday, December 13th. Axiom Securities began coverage on shares of JinkoSolar in a research report on Thursday, September 21st. They set a “sell” rating and a $10.00 target price for the company. Finally, Roth Capital increased their target price on shares of JinkoSolar from $18.00 to $26.00 and gave the company a “neutral” rating in a research report on Tuesday, September 26th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. JinkoSolar has an average rating of “Hold” and a consensus price target of $18.86.
JinkoSolar Holding Co., Ltd. (NYSE:JKS) opened at $24.77 on Friday. JinkoSolar Holding Co., Ltd. has a 52-week low of $13.70 and a 52-week high of $30.50. The firm has a market cap of $808.75, a P/E ratio of 41.98, a PEG ratio of 2.14 and a beta of 1.90. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.77 and a current ratio of 1.02.
JinkoSolar (NYSE:JKS) last released its earnings results on Thursday, December 7th. The semiconductor company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.13). JinkoSolar had a net margin of 4.36% and a return on equity of 3.99%. The company had revenue of $964.80 million for the quarter, compared to the consensus estimate of $849.17 million. During the same period in the prior year, the company earned $1.40 earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. sell-side analysts anticipate that JinkoSolar Holding Co., Ltd. will post 0.77 earnings per share for the current fiscal year.
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JinkoSolar Holding Co, Ltd. operates in the photovoltaic (PV) industry. The Company has built a vertically integrated solar power product value chain, from recovering silicon materials to manufacturing solar modules and solar power generation. The Company’s segments include the manufacturing segment and the solar power projects segment.
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