Shah Capital Management increased its position in shares of JA Solar Holdings Co. (NASDAQ:JASO) by 8.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 476,900 shares of the company’s stock after buying an additional 36,900 shares during the period. JA Solar Holdings comprises about 1.6% of Shah Capital Management’s portfolio, making the stock its 15th largest position. Shah Capital Management’s holdings in JA Solar Holdings were worth $2,866,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Boothbay Fund Management LLC bought a new position in shares of JA Solar Holdings during the first quarter worth approximately $102,000. Bank of Montreal Can bought a new position in shares of JA Solar Holdings during the second quarter worth approximately $109,000. Jane Street Group LLC increased its position in shares of JA Solar Holdings by 55.6% in the second quarter. Jane Street Group LLC now owns 18,873 shares of the company’s stock worth $129,000 after buying an additional 6,746 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of JA Solar Holdings by 96.1% in the second quarter. Public Employees Retirement System of Ohio now owns 20,200 shares of the company’s stock worth $138,000 after buying an additional 9,900 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of JA Solar Holdings by 5,505.3% in the first quarter. Royal Bank of Canada now owns 16,816 shares of the company’s stock worth $146,000 after buying an additional 16,516 shares during the last quarter. Institutional investors own 31.65% of the company’s stock.
JA Solar Holdings Co. (NASDAQ:JASO) opened at 6.44 on Thursday. The firm has a market capitalization of $301.77 million, a P/E ratio of 3.19 and a beta of 2.05. The stock’s 50 day moving average price is $6.62 and its 200 day moving average price is $7.47. JA Solar Holdings Co. has a 12 month low of $5.66 and a 12 month high of $10.09.
JA Solar Holdings (NASDAQ:JASO) last announced its quarterly earnings data on Wednesday, August 17th. The company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.69 by $0.38. The company had revenue of $619 million for the quarter. JA Solar Holdings had a net margin of 4.85% and a return on equity of 11.39%. During the same period in the prior year, the company earned $0.27 earnings per share. On average, analysts forecast that JA Solar Holdings Co. will post $0.82 earnings per share for the current year.
Several equities analysts have recently issued reports on the company. Axiom Securities upgraded JA Solar Holdings from a “sell” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Thursday, October 6th. Credit Suisse Group AG set a $9.70 price objective on JA Solar Holdings and gave the stock a “hold” rating in a research report on Thursday, August 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $9.62.
JA Solar Holdings 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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