Trexquant Investment LP Decreases Position in JA Solar Holdings, Co., Ltd. (JASO)

Trexquant Investment LP cut its stake in JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) by 2.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 51,098 shares of the solar energy provider’s stock after selling 1,502 shares during the period. Trexquant Investment LP owned about 0.11% of JA Solar Holdings, Co. worth $334,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Parametric Portfolio Associates LLC purchased a new stake in shares of JA Solar Holdings, Co. during the first quarter valued at approximately $622,000. Teza Capital Management LLC purchased a new stake in shares of JA Solar Holdings, Co. during the first quarter valued at approximately $122,000. Smith Asset Management Group LP raised its stake in shares of JA Solar Holdings, Co. by 87.3% in the first quarter. Smith Asset Management Group LP now owns 42,410 shares of the solar energy provider’s stock valued at $277,000 after buying an additional 19,770 shares during the last quarter. Guinness Asset Management Ltd raised its stake in shares of JA Solar Holdings, Co. by 1.9% in the first quarter. Guinness Asset Management Ltd now owns 413,948 shares of the solar energy provider’s stock valued at $2,707,000 after buying an additional 7,600 shares during the last quarter. Finally, Shah Capital Management raised its stake in shares of JA Solar Holdings, Co. by 18.2% in the first quarter. Shah Capital Management now owns 1,350,150 shares of the solar energy provider’s stock valued at $8,829,000 after buying an additional 208,040 shares during the last quarter. 25.47% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for JA Solar Holdings, Co. (NASDAQ:JASO)

Shares of JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) opened at 6.44 on Friday. The company has a 50 day moving average price of $6.84 and a 200-day moving average price of $5.76. The stock has a market capitalization of $301.77 million, a P/E ratio of 3.82 and a beta of 1.38. JA Solar Holdings, Co., Ltd. has a 52-week low of $4.42 and a 52-week high of $8.15.

JA Solar Holdings, Co. (NASDAQ:JASO) last issued its earnings results on Wednesday, May 24th. The solar energy provider reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.05. JA Solar Holdings, Co. had a net margin of 3.41% and a return on equity of 7.73%. The company had revenue of $536.40 million during the quarter, compared to analysts’ expectations of $490.84 million. During the same period last year, the company posted $0.36 earnings per share. The firm’s quarterly revenue was down .3% compared to the same quarter last year. On average, analysts predict that JA Solar Holdings, Co., Ltd. will post $0.02 earnings per share for the current fiscal year.

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JASO has been the subject of several recent research reports. Roth Capital set a $7.00 price target on JA Solar Holdings, Co. and gave the company a “hold” rating in a report on Wednesday, May 24th. Zacks Investment Research lowered JA Solar Holdings, Co. from a “hold” rating to a “sell” rating in a research note on Monday, May 29th. Axiom Securities reaffirmed a “sell” rating on shares of JA Solar Holdings, Co. in a research note on Friday, June 9th. Finally, Credit Suisse Group set a $6.00 price objective on JA Solar Holdings, Co. and gave the stock a “hold” rating in a research note on Saturday, March 18th.

JA Solar Holdings, Co. Company Profile

JA Solar Holdings Co, Ltd. is a holding company. The Company designs, develops, manufactures and sells solar power products that convert sunlight into electricity for a range of uses. The Company is engaged in manufacturing and selling solar modules, as well as silicon wafer manufacturing. The Company operates through two segments, including manufacturing and solar projects.

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