DnB Asset Management AS grew its stake in shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) by 7.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 304,325 shares of the semiconductor company’s stock after acquiring an additional 21,794 shares during the quarter. DnB Asset Management AS owned about 0.93% of JinkoSolar worth $7,319,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisor Group Inc. lifted its holdings in shares of JinkoSolar by 20,995.0% in the third quarter. Advisor Group Inc. now owns 4,219 shares of the semiconductor company’s stock valued at $105,000 after purchasing an additional 4,199 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of JinkoSolar during the third quarter valued at approximately $139,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of JinkoSolar during the third quarter valued at approximately $162,000. Granite Point Capital Management L.P. purchased a new stake in shares of JinkoSolar during the second quarter valued at approximately $208,000. Finally, GRATRY & Co LLC purchased a new stake in shares of JinkoSolar during the third quarter valued at approximately $259,000. 21.44% of the stock is owned by institutional investors and hedge funds.
Shares of JinkoSolar Holding Co., Ltd. (NYSE JKS) traded down $0.33 on Friday, hitting $21.47. The stock had a trading volume of 291,228 shares, compared to its average volume of 493,951. 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 Holding Co., Ltd. has a 12-month low of $14.13 and a 12-month high of $30.50. The company has a market cap of $698.77, a PE ratio of 35.20, a P/E/G ratio of 1.93 and a beta of 1.60.
JinkoSolar (NYSE:JKS) last released its quarterly earnings data on Thursday, December 7th. The semiconductor company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.13). The business had revenue of $964.80 million during the quarter, compared to the consensus estimate of $849.17 million. JinkoSolar had a net margin of 4.36% and a return on equity of 3.99%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same period last year, the company posted $1.40 earnings per share. sell-side analysts forecast that JinkoSolar Holding Co., Ltd. will post 0.77 EPS for the current fiscal year.
A number of analysts have issued reports on JKS shares. Zacks Investment Research raised 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. ValuEngine lowered JinkoSolar from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. Vertical Research began coverage on JinkoSolar in a research note on Friday. They set a “sell” rating for the company. Vertical Group began coverage on JinkoSolar in a research note on Friday. They set a “sell” rating for the company. Finally, Goldman Sachs Group initiated coverage on JinkoSolar in a research note on Tuesday, January 9th. They set a “sell” rating and a $16.00 price target for the company. Six investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $18.86.
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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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