Barclays PLC Has $62,000 Stock Position in JinkoSolar Holding Co., Ltd. (NYSE:JKS)

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

A number of other hedge funds have also added to or reduced their stakes in JKS. Dimensional Fund Advisors LP raised its holdings in shares of JinkoSolar by 8.2% in the second quarter. Dimensional Fund Advisors LP now owns 981,492 shares of the semiconductor company’s stock valued at $20,357,000 after purchasing an additional 74,219 shares during the last quarter. Profund Advisors LLC increased its stake in JinkoSolar by 8.5% in the 2nd quarter. Profund Advisors LLC now owns 12,217 shares of the semiconductor company’s stock valued at $253,000 after buying an additional 960 shares during the last quarter. Marshall Wace LLP lifted its position in shares of JinkoSolar by 49.5% during 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 in the last quarter. Millennium Management LLC boosted its stake in shares of JinkoSolar by 2,305.1% in the 2nd quarter. Millennium Management LLC now owns 168,911 shares of the semiconductor company’s stock worth $3,500,000 after buying an additional 161,888 shares during the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of JinkoSolar by 1.8% in the second 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 in the last quarter. Institutional investors and hedge funds own 35.82% of the company’s stock.

Wall Street Analysts Forecast Growth

JKS has been the topic of several research analyst reports. Glj Research cut their price objective on JinkoSolar from $13.08 to $10.95 and set a “sell” rating on the stock in a research report on Thursday. Daiwa Capital Markets cut JinkoSolar from an “underperform” rating to a “sell” rating in a research note on Friday, January 10th. Finally, Jefferies Financial Group raised their price objective on shares of JinkoSolar from $36.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $28.42.

JinkoSolar Stock Up 2.4 %

JKS opened at $21.00 on Friday. JinkoSolar Holding Co., Ltd. has a 12 month low of $16.70 and a 12 month high of $37.36. The company has a market cap of $1.12 billion, a PE ratio of 35.59 and a beta of 0.30. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81. The company has a 50 day moving average of $24.45 and a 200 day moving average of $22.51.

JinkoSolar 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.