Verition Fund Management LLC Buys Shares of 25,413 JinkoSolar Holding Co., Ltd. (NYSE:JKS)

Verition Fund Management LLC bought a new stake in JinkoSolar Holding Co., Ltd. (NYSE:JKS - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 25,413 shares of the semiconductor company's stock, valued at approximately $682,000.

Other institutional investors have also recently made changes to their positions in the company. Mackenzie Financial Corp raised its stake in JinkoSolar by 1.8% in the 2nd quarter. Mackenzie Financial Corp now owns 2,572,177 shares of the semiconductor company's stock valued at $53,296,000 after acquiring an additional 44,661 shares during the period. Marshall Wace LLP boosted its holdings in shares of JinkoSolar by 49.5% in 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 period. Millennium Management LLC grew its position in shares of JinkoSolar by 2,305.1% in the second quarter. Millennium Management LLC now owns 168,911 shares of the semiconductor company's stock valued at $3,500,000 after purchasing an additional 161,888 shares in the last quarter. SG Americas Securities LLC boosted its stake in JinkoSolar by 16.0% in the 2nd quarter. SG Americas Securities LLC now owns 21,321 shares of the semiconductor company's stock worth $442,000 after purchasing an additional 2,939 shares during the period. Finally, Decade Renewable Partners LP bought a new stake in shares of JinkoSolar during the second quarter valued at about $4,272,000. Hedge funds and other institutional investors own 35.82% of the company's stock.

JinkoSolar Stock Down 4.6 %

Shares of JKS stock traded down $1.32 during mid-day trading on Wednesday, reaching $27.46. 1,274,113 shares of the company's stock traded hands, compared to its average volume of 1,087,486. The company has a quick ratio of 0.97, a current ratio of 1.22 and a debt-to-equity ratio of 0.81. The company's 50-day moving average price is $24.00 and its 200-day moving average price is $22.43. The company has a market cap of $1.46 billion, a P/E ratio of 46.54 and a beta of 0.35. JinkoSolar Holding Co., Ltd. has a 12 month low of $16.70 and a 12 month high of $38.37.

Analysts Set New Price Targets

A number of brokerages recently weighed in on JKS. StockNews.com raised shares of JinkoSolar from a "sell" rating to a "hold" rating in a research note on Wednesday, September 18th. Jefferies Financial Group increased their price target on shares of JinkoSolar from $36.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. The Goldman Sachs Group decreased their target price on shares of JinkoSolar from $21.00 to $18.00 and set a "sell" rating on the stock in a research report on Tuesday, September 3rd. Finally, Roth Mkm reduced their price objective on JinkoSolar from $25.00 to $20.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $31.33.

JinkoSolar Company Profile

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.