Himension Capital Singapore PTE. LTD. increased its position in shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS - Free Report) by 472.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,175 shares of the semiconductor company's stock after buying an additional 45,542 shares during the quarter. Himension Capital Singapore PTE. LTD. owned 0.10% of JinkoSolar worth $1,374,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new stake in shares of JinkoSolar in the 4th quarter worth approximately $744,000. Trexquant Investment LP acquired a new stake in JinkoSolar during the fourth quarter worth $341,000. Pictet Asset Management Holding SA acquired a new stake in JinkoSolar during the fourth quarter worth $5,948,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in JinkoSolar by 5.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 20,289 shares of the semiconductor company's stock valued at $532,000 after buying an additional 1,028 shares during the period. Finally, AI Squared Management Ltd bought a new position in shares of JinkoSolar during the 4th quarter worth about $2,336,000. 35.82% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
JKS has been the subject of several recent research reports. Daiwa Capital Markets lowered shares of JinkoSolar from an "underperform" rating to a "sell" rating in a research report on Friday, January 10th. The Goldman Sachs Group cut their target price on JinkoSolar from $20.00 to $18.00 and set a "sell" rating for the company in a research report on Thursday, March 27th. Glj Research decreased their price target on JinkoSolar from $13.08 to $10.95 and set a "sell" rating on the stock in a research note on Thursday, January 23rd. Finally, UBS Group dropped their price objective on JinkoSolar from $25.00 to $22.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, JinkoSolar currently has a consensus rating of "Hold" and an average price target of $27.19.
Read Our Latest Analysis on JKS
JinkoSolar Price Performance
Shares of JKS stock traded up $0.08 during trading hours on Friday, hitting $13.96. 573,480 shares of the company's stock were exchanged, compared to its average volume of 1,058,083. The stock's 50-day moving average is $20.83 and its 200-day moving average is $22.88. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.22 and a quick ratio of 0.97. JinkoSolar Holding Co., Ltd. has a 52 week low of $13.43 and a 52 week high of $37.36. The stock has a market cap of $741.78 million, a price-to-earnings ratio of 23.49 and a beta of 0.17.
JinkoSolar (NYSE:JKS - Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The semiconductor company reported ($1.01) earnings per share for the quarter, missing the consensus estimate of ($0.46) by ($0.55). JinkoSolar had a net margin of 0.53% and a return on equity of 4.18%. The company had revenue of $20.65 billion during the quarter, compared to analyst estimates of $3.38 billion. During the same quarter in the previous year, the business posted $0.54 EPS. The company's revenue was down 37.1% compared to the same quarter last year. As a group, research analysts forecast that JinkoSolar Holding Co., Ltd. will post -0.24 EPS for the current year.
JinkoSolar Profile
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Free Report)
JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.
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