Dorsey Wright & Associates Takes $4.56 Million Position in JinkoSolar Holding Co., Ltd. (JKS)

Dorsey Wright & Associates bought a new position in JinkoSolar Holding Co., Ltd. (NYSE:JKS) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 187,893 shares of the semiconductor company’s stock, valued at approximately $4,559,000. Dorsey Wright & Associates owned approximately 0.58% of JinkoSolar Holding Co. at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JKS. Parametric Portfolio Associates LLC purchased a new position in JinkoSolar Holding Co. in the 1st quarter worth approximately $581,000. FMR LLC lifted its stake in JinkoSolar Holding Co. by 43.1% in the 1st quarter. FMR LLC now owns 21,900 shares of the semiconductor company’s stock worth $363,000 after purchasing an additional 6,600 shares in the last quarter. California Public Employees Retirement System raised its position in shares of JinkoSolar Holding Co. by 29.6% during the 1st quarter. California Public Employees Retirement System now owns 46,900 shares of the semiconductor company’s stock valued at $777,000 after buying an additional 10,700 shares during the period. Dimensional Fund Advisors LP raised its position in shares of JinkoSolar Holding Co. by 177.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 613,191 shares of the semiconductor company’s stock valued at $10,157,000 after buying an additional 392,524 shares during the period. Finally, UBS Group AG raised its position in shares of JinkoSolar Holding Co. by 1.7% during the 1st quarter. UBS Group AG now owns 22,182 shares of the semiconductor company’s stock valued at $367,000 after buying an additional 378 shares during the period. 22.84% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently commented on the stock. Axiom Securities reaffirmed a “buy” rating on shares of JinkoSolar Holding Co. in a research report on Saturday, July 22nd. Credit Suisse Group lowered shares of JinkoSolar Holding Co. from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $25.00 to $20.00 in a research report on Tuesday, August 22nd. Zacks Investment Research lowered shares of JinkoSolar Holding Co. from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 27th. ValuEngine raised shares of JinkoSolar Holding Co. from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, Roth Capital lifted their price target on shares of JinkoSolar Holding Co. from $18.00 to $26.00 and gave the company a “neutral” rating in a research report on Tuesday, September 26th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $17.40.

JinkoSolar Holding Co., Ltd. (NYSE JKS) traded up $1.32 during trading on Monday, reaching $28.41. 779,300 shares of the company traded hands, compared to its average volume of 790,756. JinkoSolar Holding Co., Ltd. has a 12-month low of $12.72 and a 12-month high of $30.50. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.02 and a quick ratio of 0.76. The firm has a market cap of $923.05, a P/E ratio of 12.85, a PEG ratio of -3.69 and a beta of 1.92.

JinkoSolar Holding Co. (NYSE:JKS) last posted its earnings results on Wednesday, September 6th. The semiconductor company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.49). JinkoSolar Holding Co. had a net margin of 0.60% and a return on equity of 2.89%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $998.22 million. During the same quarter last year, the business posted $2.04 EPS. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. research analysts predict that JinkoSolar Holding Co., Ltd. will post 0.77 earnings per share for the current year.

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JinkoSolar Holding Co. Company Profile

JinkoSolar Holding Co, Ltd. operates in the photovoltaic (PV) industry. The Company has built a vertically integrated solar power product value chain, from recovering silicon materials to manufacturing solar modules and solar power generation. The Company’s segments include the manufacturing segment and the solar power projects segment.

Institutional Ownership by Quarter for JinkoSolar Holding Co. (NYSE:JKS)

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