Sensato Investors LLC Invests $1.25 Million in JinkoSolar Holding Company Limited (JKS)

Sensato Investors LLC purchased a new stake in JinkoSolar Holding Company Limited (NYSE:JKS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 75,426 shares of the semiconductor company’s stock, valued at approximately $1,250,000. Sensato Investors LLC owned 0.24% of JinkoSolar Holding Company Limited at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Numeric Investors LLC boosted its position in JinkoSolar Holding Company Limited by 21.3% in the fourth quarter. Numeric Investors LLC now owns 835,816 shares of the semiconductor company’s stock valued at $12,729,000 after buying an additional 146,522 shares during the period. Dimensional Fund Advisors LP boosted its position in JinkoSolar Holding Company Limited by 177.9% in the first 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. Russell Investments Group Ltd. acquired a new position in JinkoSolar Holding Company Limited during the fourth quarter valued at approximately $5,606,000. DnB Asset Management AS boosted its position in JinkoSolar Holding Company Limited by 0.8% in the first quarter. DnB Asset Management AS now owns 324,290 shares of the semiconductor company’s stock valued at $5,373,000 after buying an additional 2,700 shares during the period. Finally, Commerzbank Aktiengesellschaft FI boosted its position in JinkoSolar Holding Company Limited by 361.3% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 190,241 shares of the semiconductor company’s stock valued at $3,152,000 after buying an additional 149,002 shares during the period. Institutional investors and hedge funds own 21.09% of the company’s stock.

Institutional Ownership by Quarter for JinkoSolar Holding Company Limited (NYSE:JKS)

JinkoSolar Holding Company Limited (NYSE:JKS) traded up 0.96% during trading on Tuesday, hitting $18.91. The stock had a trading volume of 721,861 shares. The company has a market cap of $605.06 million, a PE ratio of 2.62 and a beta of 1.85. The stock has a 50-day moving average price of $17.98 and a 200-day moving average price of $16.52. JinkoSolar Holding Company Limited has a 52 week low of $12.72 and a 52 week high of $22.19.

JinkoSolar Holding Company Limited (NYSE:JKS) last announced its quarterly earnings results on Monday, June 5th. The semiconductor company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by $0.20. The business had revenue of $839.30 million for the quarter, compared to the consensus estimate of $780.08 million. JinkoSolar Holding Company Limited had a return on equity of 12.53% and a net margin of 6.92%. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.72 EPS. Equities analysts predict that JinkoSolar Holding Company Limited will post $1.51 EPS for the current year.

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JKS has been the topic of several recent analyst reports. Credit Suisse Group reiterated a “buy” rating and issued a $20.00 price target on shares of JinkoSolar Holding Company Limited in a research note on Wednesday, March 1st. Citigroup Inc. cut JinkoSolar Holding Company Limited from a “neutral” rating to a “sell” rating and cut their price objective for the company from $15.55 to $15.00 in a research note on Friday, May 26th. Zacks Investment Research cut JinkoSolar Holding Company Limited from a “hold” rating to a “sell” rating in a research note on Thursday, June 8th. Finally, Morgan Stanley cut JinkoSolar Holding Company Limited from an “overweight” rating to an “underweight” rating and cut their price objective for the company from $19.40 to $16.00 in a research note on Friday, May 26th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. JinkoSolar Holding Company Limited currently has an average rating of “Hold” and a consensus target price of $21.00.

JinkoSolar Holding Company Limited 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.

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