Himension Capital Singapore PTE. LTD. Grows Stock Holdings in JinkoSolar Holding Co., Ltd. (NYSE:JKS)

Himension Capital Singapore PTE. LTD. lifted its stake in JinkoSolar Holding Co., Ltd. (NYSE:JKS) by 472.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 55,175 shares of the semiconductor company’s stock after purchasing an additional 45,542 shares during the quarter. Himension Capital Singapore PTE. LTD.’s holdings in JinkoSolar were worth $1,374,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of JKS. Barclays PLC grew its holdings in shares of JinkoSolar by 30.2% during the third quarter. Barclays PLC now owns 2,318 shares of the semiconductor company’s stock valued at $62,000 after buying an additional 537 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of JinkoSolar in the fourth quarter valued at about $119,000. New York State Common Retirement Fund purchased a new position in shares of JinkoSolar in the fourth quarter worth about $132,000. Cornerstone Investment Partners LLC acquired a new stake in shares of JinkoSolar during the fourth quarter worth about $231,000. Finally, Trexquant Investment LP purchased a new stake in JinkoSolar in the fourth quarter valued at approximately $341,000. Hedge funds and other institutional investors own 35.82% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on JKS shares. The Goldman Sachs Group cut their price objective on shares of JinkoSolar from $20.00 to $18.00 and set a “sell” rating on the stock in a research note on Thursday, March 27th. Glj Research reduced their price objective on JinkoSolar from $13.08 to $10.95 and set a “sell” rating for the company in a research note on Thursday, January 23rd. UBS Group dropped their target price on JinkoSolar from $25.00 to $22.00 and set a “neutral” rating on the stock in a report on Thursday, March 27th. Finally, Daiwa Capital Markets downgraded JinkoSolar from an “underperform” rating to a “sell” rating in a report on Friday, January 10th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $27.19.

JinkoSolar Stock Performance

NYSE JKS opened at $15.69 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81. JinkoSolar Holding Co., Ltd. has a twelve month low of $14.81 and a twelve month high of $37.36. The stock has a 50-day moving average of $21.47 and a 200 day moving average of $23.11. The stock has a market capitalization of $834.00 million, a price-to-earnings ratio of 26.59 and a beta of 0.17.

JinkoSolar (NYSE:JKS) last issued its quarterly earnings results on Wednesday, March 26th. The semiconductor company reported ($1.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.46) by ($0.55). JinkoSolar had a return on equity of 4.18% and a net margin of 0.53%. The firm had revenue of $20.65 billion during the quarter, compared to analyst estimates of $3.38 billion. During the same period in the prior year, the firm earned $0.54 earnings per share. The business’s revenue was down 37.1% on a year-over-year basis. Sell-side analysts anticipate that JinkoSolar Holding Co., Ltd. will post -0.24 EPS for the current fiscal year.

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.