PEAK6 Investments L.P. cut its stake in shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) by 53.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,100 shares of the semiconductor company’s stock after selling 29,189 shares during the quarter. PEAK6 Investments L.P. owned 0.09% of JinkoSolar worth $346,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in the stock. Aperio Group LLC acquired a new stake in JinkoSolar during the 2nd quarter worth approximately $276,000. BNP Paribas Arbitrage SA boosted its position in JinkoSolar by 90.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 21,792 shares of the semiconductor company’s stock worth $300,000 after buying an additional 10,328 shares during the period. Yong Rong HK Asset Management Ltd acquired a new position in shares of JinkoSolar in the 1st quarter worth approximately $365,000. Northern Trust Corp lifted its position in shares of JinkoSolar by 35.3% in the 1st quarter. Northern Trust Corp now owns 30,460 shares of the semiconductor company’s stock worth $555,000 after purchasing an additional 7,953 shares during the period. Finally, Van ECK Associates Corp increased its stake in shares of JinkoSolar by 23.0% in the 1st quarter. Van ECK Associates Corp now owns 31,786 shares of the semiconductor company’s stock valued at $580,000 after acquiring an additional 5,951 shares in the last quarter. 25.43% of the stock is currently owned by institutional investors.
Shares of JinkoSolar stock traded down $0.82 on Friday, reaching $9.62. The stock had a trading volume of 947,331 shares, compared to its average volume of 615,402. JinkoSolar Holding Co., Ltd. has a 1 year low of $9.50 and a 1 year high of $29.38. The company has a market cap of $307.27 million, a price-to-earnings ratio of 14.15, a PEG ratio of 0.46 and a beta of 1.43. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 0.21.
JinkoSolar (NYSE:JKS) last announced its quarterly earnings results on Monday, August 13th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The firm had revenue of $915.91 million during the quarter, compared to analysts’ expectations of $909.54 million. JinkoSolar had a return on equity of 1.89% and a net margin of 0.58%. The company’s quarterly revenue was down 21.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 earnings per share. On average, sell-side analysts predict that JinkoSolar Holding Co., Ltd. will post 2.34 earnings per share for the current year.
Several analysts have recently weighed in on the stock. Roth Capital upgraded shares of JinkoSolar from a “sell” rating to a “neutral” rating and set a $12.00 price objective for the company in a research note on Wednesday, June 27th. TheStreet lowered shares of JinkoSolar from a “c” rating to a “d+” rating in a research note on Tuesday, June 26th. Citigroup upgraded shares of JinkoSolar from a “sell” rating to a “neutral” rating in a research note on Tuesday, August 14th. Finally, Zacks Investment Research upgraded shares of JinkoSolar from a “sell” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Saturday, June 30th. Five analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $17.00.
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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