JinkoSolar Holding Co., Ltd. (NYSE:JKS) Stake Lowered by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund decreased its stake in JinkoSolar Holding Co., Ltd. (NYSE:JKS) by 18.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 404,100 shares of the semiconductor company’s stock after selling 92,200 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.76% of JinkoSolar worth $8,373,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Mackenzie Financial Corp increased its holdings in shares of JinkoSolar by 1.8% in the 2nd quarter. Mackenzie Financial Corp now owns 2,572,177 shares of the semiconductor company’s stock worth $53,296,000 after acquiring an additional 44,661 shares during the period. GSA Capital Partners LLP boosted its position in shares of JinkoSolar by 372.9% during the first quarter. GSA Capital Partners LLP now owns 77,349 shares of the semiconductor company’s stock worth $1,948,000 after buying an additional 60,992 shares during the period. Marshall Wace LLP increased its position in JinkoSolar by 49.5% in the 2nd quarter. Marshall Wace LLP now owns 447,709 shares of the semiconductor company’s stock valued at $9,277,000 after acquiring an additional 148,268 shares during the period. SG Americas Securities LLC raised its stake in JinkoSolar by 16.0% during the 2nd quarter. SG Americas Securities LLC now owns 21,321 shares of the semiconductor company’s stock valued at $442,000 after acquiring an additional 2,939 shares in the last quarter. Finally, Decade Renewable Partners LP acquired a new position in JinkoSolar during the 2nd quarter worth $4,272,000. Institutional investors and hedge funds own 35.82% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on JKS. Roth Mkm reduced their price objective on shares of JinkoSolar from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, September 4th. StockNews.com raised JinkoSolar from a “sell” rating to a “hold” rating in a research note on Wednesday, September 18th. Finally, The Goldman Sachs Group dropped their price objective on JinkoSolar from $21.00 to $18.00 and set a “sell” rating on the stock in a research note on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $24.60.

JinkoSolar Trading Up 14.8 %

Shares of JKS opened at $29.94 on Friday. JinkoSolar Holding Co., Ltd. has a 1-year low of $16.70 and a 1-year high of $38.65. The business’s 50-day moving average price is $19.94 and its 200 day moving average price is $22.60. The stock has a market capitalization of $1.59 billion, a P/E ratio of 4.67 and a beta of 0.40. The company has a current ratio of 1.08, a quick ratio of 0.79 and a debt-to-equity ratio of 0.76.

JinkoSolar (NYSE:JKS) last posted its quarterly earnings data on Friday, August 30th. The semiconductor company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.92. The firm had revenue of $3.31 billion for the quarter, compared to analysts’ expectations of $3.85 billion. JinkoSolar had a net margin of 1.65% and a return on equity of 7.86%. Analysts expect that JinkoSolar Holding Co., Ltd. will post -0.42 earnings per share for the current year.

JinkoSolar Announces Dividend

The business also recently declared a Variable dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were given a $1.50 dividend. This represents a dividend yield of 15.6%. The ex-dividend date of this dividend was Thursday, August 15th. JinkoSolar’s dividend payout ratio (DPR) is 46.18%.

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.