Traders Buy High Volume of Call Options on JinkoSolar (JKS)

JinkoSolar Holding Co., Ltd. (NYSE:JKS) was the recipient of unusually large options trading on Thursday. Stock investors bought 4,651 call options on the stock. This is an increase of 1,236% compared to the typical volume of 348 call options.

Several hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in shares of JinkoSolar by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 794,151 shares of the semiconductor company’s stock valued at $10,941,000 after acquiring an additional 18,591 shares in the last quarter. BlackRock Inc. grew its holdings in shares of JinkoSolar by 20.1% in the second quarter. BlackRock Inc. now owns 767,537 shares of the semiconductor company’s stock valued at $10,570,000 after acquiring an additional 128,716 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in shares of JinkoSolar by 25.1% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 345,531 shares of the semiconductor company’s stock valued at $4,758,000 after acquiring an additional 69,391 shares in the last quarter. Luminus Management LLC bought a new position in shares of JinkoSolar in the second quarter valued at approximately $2,289,000. Finally, Guinness Asset Management Ltd grew its holdings in shares of JinkoSolar by 34.8% in the third quarter. Guinness Asset Management Ltd now owns 37,990 shares of the semiconductor company’s stock valued at $409,000 after acquiring an additional 9,800 shares in the last quarter. 24.68% of the stock is owned by institutional investors.

JKS stock opened at $8.97 on Friday. The company has a market capitalization of $217.97 million, a PE ratio of 13.19, a price-to-earnings-growth ratio of 0.33 and a beta of 1.43. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.95 and a quick ratio of 0.69. JinkoSolar has a 12-month low of $7.11 and a 12-month high of $29.38.

JinkoSolar (NYSE:JKS) last released its earnings results on Monday, August 13th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.09). The business had revenue of $915.91 million during the quarter, compared to the consensus estimate of $909.54 million. JinkoSolar had a net margin of 0.58% and a return on equity of 1.89%. The business’s revenue was down 21.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.28 earnings per share. Analysts anticipate that JinkoSolar will post 2.34 earnings per share for the current fiscal year.

Several brokerages have recently commented on JKS. Zacks Investment Research raised JinkoSolar from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 16th. UBS Group lowered their price objective on JinkoSolar from $18.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday. Roth Capital set a $14.00 price objective on JinkoSolar and gave the stock a “hold” rating in a research note on Monday, August 13th. Finally, Citigroup raised JinkoSolar from a “sell” rating to a “neutral” rating in a research note on Tuesday, August 14th. Four analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $14.20.

JinkoSolar Company Profile

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products in the People's Republic of China and internationally. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots.

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