Public Employees Retirement System of Ohio Makes New $928,000 Investment in JinkoSolar Holding Co., Ltd. (NYSE:JKS)

Public Employees Retirement System of Ohio bought a new stake in JinkoSolar Holding Co., Ltd. (NYSE:JKS - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 34,600 shares of the semiconductor company's stock, valued at approximately $928,000. Public Employees Retirement System of Ohio owned approximately 0.07% of JinkoSolar as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Mackenzie Financial Corp raised its stake in shares of JinkoSolar by 1.8% in the second quarter. Mackenzie Financial Corp now owns 2,572,177 shares of the semiconductor company's stock worth $53,296,000 after acquiring an additional 44,661 shares during the last quarter. Marshall Wace LLP raised its position in shares of JinkoSolar by 49.5% during the second quarter. Marshall Wace LLP now owns 447,709 shares of the semiconductor company's stock worth $9,277,000 after acquiring an additional 148,268 shares during the last quarter. Millennium Management LLC lifted its stake in shares of JinkoSolar by 2,305.1% during the second quarter. Millennium Management LLC now owns 168,911 shares of the semiconductor company's stock valued at $3,500,000 after acquiring an additional 161,888 shares during the period. Decade Renewable Partners LP bought a new stake in JinkoSolar during the 2nd quarter worth about $4,272,000. Finally, Point72 Europe London LLP bought a new position in shares of JinkoSolar in the 2nd quarter valued at about $3,023,000. Institutional investors and hedge funds own 35.82% of the company's stock.

JinkoSolar Stock Performance

NYSE:JKS traded down $0.22 on Friday, hitting $23.80. The company's stock had a trading volume of 1,950,321 shares, compared to its average volume of 1,087,790. JinkoSolar Holding Co., Ltd. has a one year low of $16.70 and a one year high of $38.37. The firm has a market capitalization of $1.27 billion, a P/E ratio of 40.34 and a beta of 0.35. The stock has a fifty day moving average of $23.92 and a two-hundred day moving average of $22.37. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Roth Mkm lowered their target price on shares of JinkoSolar from $25.00 to $20.00 and set a "neutral" rating for the company in a report on Wednesday, September 4th. The Goldman Sachs Group dropped their price objective on JinkoSolar from $21.00 to $18.00 and set a "sell" rating on the stock in a research note on Tuesday, September 3rd. Jefferies Financial Group raised their price target on JinkoSolar from $36.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Finally, StockNews.com raised shares of JinkoSolar from a "sell" rating to a "hold" rating in a research note on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $31.33.

About JinkoSolar

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.