Headlands Technologies LLC Grows Stock Position in JinkoSolar Holding Co., Ltd. (NYSE:JKS)

Headlands Technologies LLC boosted its position in shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) by 217.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,199 shares of the semiconductor company’s stock after buying an additional 2,190 shares during the quarter. Headlands Technologies LLC’s holdings in JinkoSolar were worth $118,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in shares of JinkoSolar by 10.7% during the third quarter. Bank of New York Mellon Corp now owns 65,392 shares of the semiconductor company’s stock valued at $1,986,000 after buying an additional 6,299 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of JinkoSolar by 109.2% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,215 shares of the semiconductor company’s stock worth $94,000 after purchasing an additional 1,678 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of JinkoSolar by 22.6% in the third quarter. Mackenzie Financial Corp now owns 2,678,032 shares of the semiconductor company’s stock worth $78,895,000 after purchasing an additional 493,976 shares during the last quarter. California Public Employees Retirement System increased its stake in JinkoSolar by 3.0% in the 3rd quarter. California Public Employees Retirement System now owns 73,834 shares of the semiconductor company’s stock worth $2,242,000 after buying an additional 2,142 shares during the period. Finally, Barclays PLC boosted its position in JinkoSolar by 732.1% in the 3rd quarter. Barclays PLC now owns 65,956 shares of the semiconductor company’s stock valued at $2,003,000 after buying an additional 58,030 shares during the period. Hedge funds and other institutional investors own 35.82% of the company’s stock.

Wall Street Analysts Forecast Growth

JKS has been the subject of several research analyst reports. The Goldman Sachs Group decreased their price target on shares of JinkoSolar from $26.00 to $23.00 and set a “sell” rating for the company in a research note on Thursday, April 11th. Roth Capital cut JinkoSolar from a “buy” rating to a “neutral” rating in a report on Thursday, March 21st. StockNews.com lowered JinkoSolar from a “hold” rating to a “sell” rating in a research note on Thursday, April 25th. HSBC reaffirmed a “hold” rating and issued a $30.00 price objective on shares of JinkoSolar in a research note on Monday, February 5th. Finally, UBS Group cut their target price on shares of JinkoSolar from $31.00 to $30.00 and set a “neutral” rating on the stock in a research report on Thursday, March 21st. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, JinkoSolar presently has a consensus rating of “Hold” and a consensus price target of $26.60.

JinkoSolar Price Performance

NYSE:JKS opened at $24.75 on Tuesday. The firm has a market cap of $1.30 billion, a P/E ratio of 3.15 and a beta of 0.37. The stock has a 50 day moving average of $24.96 and a two-hundred day moving average of $29.05. JinkoSolar Holding Co., Ltd. has a 12 month low of $21.06 and a 12 month high of $50.46. The company has a current ratio of 1.02, a quick ratio of 0.80 and a debt-to-equity ratio of 0.48.

JinkoSolar (NYSE:JKS) last announced its quarterly earnings data on Wednesday, March 20th. The semiconductor company reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.32 by ($1.11). JinkoSolar had a net margin of 2.89% and a return on equity of 11.85%. The firm had revenue of $4.62 billion during the quarter, compared to analysts’ expectations of $4.08 billion. On average, analysts expect that JinkoSolar Holding Co., Ltd. will post 5.27 earnings per share for the current fiscal year.

JinkoSolar Company 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.