JinkoSolar Holding Co., Ltd. (NYSE:JKS) Shares Bought by Marshall Wace LLP

Marshall Wace LLP increased its holdings in JinkoSolar Holding Co., Ltd. (NYSE:JKS) by 49.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 447,709 shares of the semiconductor company’s stock after buying an additional 148,268 shares during the quarter. Marshall Wace LLP owned about 0.84% of JinkoSolar worth $9,277,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Barometer Capital Management Inc. bought a new stake in JinkoSolar during the fourth quarter worth approximately $126,000. Headlands Technologies LLC lifted its holdings in shares of JinkoSolar by 607.7% in the second quarter. Headlands Technologies LLC now owns 4,048 shares of the semiconductor company’s stock valued at $84,000 after buying an additional 3,476 shares during the period. Daiwa Securities Group Inc. boosted its stake in JinkoSolar by 117.1% during the first quarter. Daiwa Securities Group Inc. now owns 7,600 shares of the semiconductor company’s stock valued at $191,000 after buying an additional 4,100 shares in the last quarter. Banco BTG Pactual S.A. acquired a new position in JinkoSolar during the first quarter worth about $207,000. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in JinkoSolar by 43.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 11,659 shares of the semiconductor company’s stock worth $242,000 after acquiring an additional 3,521 shares in the last quarter. 35.82% of the stock is owned by institutional investors and hedge funds.

JinkoSolar Trading Up 9.2 %

NYSE JKS opened at $23.21 on Monday. The firm’s 50 day moving average price is $19.52 and its two-hundred day moving average price is $22.56. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.79 and a current ratio of 1.08. JinkoSolar Holding Co., Ltd. has a twelve month low of $16.70 and a twelve month high of $38.65. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 3.62 and a beta of 0.40.

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

Wall Street Analysts Forecast Growth

JKS has been the subject of several research reports. The Goldman Sachs Group reduced their price objective on shares of JinkoSolar from $21.00 to $18.00 and set a “sell” rating for the company in a research report on Tuesday, September 3rd. Roth Mkm reduced their target price 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. Finally, StockNews.com raised JinkoSolar from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $24.60.

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.