SG Americas Securities LLC Purchases New Position in JinkoSolar Holding Co., Ltd. (NYSE:JKS)

SG Americas Securities LLC acquired a new position in JinkoSolar Holding Co., Ltd. (NYSE:JKSFree Report) in the 4th quarter, HoldingsChannel reports. The firm acquired 57,635 shares of the semiconductor company’s stock, valued at approximately $1,435,000.

Other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in JinkoSolar by 8.2% in the second quarter. Dimensional Fund Advisors LP now owns 981,492 shares of the semiconductor company’s stock worth $20,357,000 after acquiring an additional 74,219 shares during the period. State Street Corp lifted its position in shares of JinkoSolar by 10.7% in the 3rd quarter. State Street Corp now owns 696,763 shares of the semiconductor company’s stock worth $18,687,000 after purchasing an additional 67,223 shares during the period. Marshall Wace LLP boosted its stake 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 valued at $9,277,000 after purchasing an additional 148,268 shares in the last quarter. Millennium Management LLC increased its position in shares of JinkoSolar by 2,305.1% during the second quarter. Millennium Management LLC now owns 168,911 shares of the semiconductor company’s stock valued at $3,500,000 after buying an additional 161,888 shares during the period. Finally, Green Alpha Advisors LLC raised its stake in JinkoSolar by 15.4% in the fourth quarter. Green Alpha Advisors LLC now owns 82,531 shares of the semiconductor company’s stock worth $2,055,000 after buying an additional 10,983 shares in the last quarter. 35.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on JKS. Jefferies Financial Group upped their target price on JinkoSolar from $36.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Glj Research reduced their price target on JinkoSolar from $13.08 to $10.95 and set a “sell” rating on the stock in a research note on Thursday, January 23rd. Finally, Daiwa Capital Markets lowered JinkoSolar from an “underperform” rating to a “sell” rating in a research report on Friday, January 10th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $28.42.

View Our Latest Stock Analysis on JinkoSolar

JinkoSolar Trading Down 1.6 %

JinkoSolar stock opened at $20.62 on Tuesday. JinkoSolar Holding Co., Ltd. has a 12 month low of $16.70 and a 12 month high of $37.36. 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 business’s fifty day simple moving average is $24.44 and its two-hundred day simple moving average is $22.51. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 34.96 and a beta of 0.30.

JinkoSolar Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding JKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JinkoSolar Holding Co., Ltd. (NYSE:JKSFree Report).

Institutional Ownership by Quarter for JinkoSolar (NYSE:JKS)

Receive News & Ratings for JinkoSolar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JinkoSolar and related companies with MarketBeat.com's FREE daily email newsletter.