Barclays PLC Boosts Stake in JinkoSolar Holding Co., Ltd. (NYSE:JKS)

Barclays PLC lifted its position in JinkoSolar Holding Co., Ltd. (NYSE:JKS) by 30.2% in the 3rd quarter, Holdings Channel reports. The fund owned 2,318 shares of the semiconductor company’s stock after acquiring an additional 537 shares during the quarter. Barclays PLC’s holdings in JinkoSolar were worth $62,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Mackenzie Financial Corp lifted its position in JinkoSolar by 1.8% during the second quarter. Mackenzie Financial Corp now owns 2,572,177 shares of the semiconductor company’s stock valued at $53,296,000 after buying an additional 44,661 shares during the period. Marshall Wace LLP grew its position in shares of JinkoSolar by 49.5% in the 2nd quarter. Marshall Wace LLP now owns 447,709 shares of the semiconductor company’s stock worth $9,277,000 after buying an additional 148,268 shares during the period. State Street Corp increased its stake in shares of JinkoSolar by 10.7% in the 3rd quarter. State Street Corp now owns 696,763 shares of the semiconductor company’s stock worth $18,687,000 after acquiring an additional 67,223 shares in the last quarter. Millennium Management LLC lifted its position in JinkoSolar by 2,305.1% during the 2nd 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. Finally, Decade Renewable Partners LP bought a new stake in JinkoSolar during the second quarter worth about $4,272,000. 35.82% of the stock is currently owned by institutional investors.

JinkoSolar Stock Performance

Shares of JKS opened at $26.10 on Friday. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 44.24 and a beta of 0.30. The business’s fifty day simple moving average is $24.82 and its two-hundred day simple moving average is $22.44. JinkoSolar Holding Co., Ltd. has a 12 month low of $16.70 and a 12 month high of $37.36. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81.

Analyst Upgrades and Downgrades

JKS has been the topic of several recent research reports. Jefferies Financial Group upped their price target on JinkoSolar from $36.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. StockNews.com raised JinkoSolar from a “sell” rating to a “hold” rating in a research note on Wednesday, September 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, JinkoSolar presently has an average rating of “Hold” and an average 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.