California Public Employees Retirement System increased its position in JinkoSolar Holding Co. (NYSE:JKS) by 39.0% during the second quarter, Holdings Channel reports. The firm owned 52,000 shares of the company’s stock after buying an additional 14,600 shares during the period. California Public Employees Retirement System owned about 0.17% of JinkoSolar Holding worth $1,060,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. SG Americas Securities LLC boosted its stake in shares of JinkoSolar Holding by 63.8% in the second quarter. SG Americas Securities LLC now owns 14,185 shares of the company’s stock worth $289,000 after buying an additional 5,525 shares during the period. Emerald Acquisition Ltd. bought a new stake in shares of JinkoSolar Holding during the second quarter worth approximately $6,669,000. Kleinwort Benson Investors Dublin Ltd bought a new stake in shares of JinkoSolar Holding during the second quarter worth approximately $4,148,000. Oceanic Investment Management LTD boosted its stake in shares of JinkoSolar Holding by 1.6% in the second quarter. Oceanic Investment Management LTD now owns 465,267 shares of the company’s stock worth $9,482,000 after buying an additional 7,400 shares during the period. Finally, Societe Generale bought a new stake in shares of JinkoSolar Holding during the second quarter worth approximately $289,000. 19.57% of the stock is owned by institutional investors and hedge funds.
JinkoSolar Holding Co. (NYSE:JKS) traded down 0.30% on Monday, reaching $16.35. The company’s stock had a trading volume of 79,769 shares. JinkoSolar Holding Co. has a 52-week low of $14.32 and a 52-week high of $29.50. The firm’s 50-day moving average price is $16.69 and its 200-day moving average price is $19.48. The stock has a market cap of $514.88 million, a price-to-earnings ratio of 3.09 and a beta of 3.36.
A number of brokerages recently commented on JKS. Roth Capital reaffirmed a “neutral” rating and set a $18.00 price objective on shares of JinkoSolar Holding in a research note on Thursday. Zacks Investment Research raised JinkoSolar Holding from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 5th. Credit Suisse Group AG decreased their price objective on JinkoSolar Holding from $40.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, August 18th. Finally, Morgan Stanley set a $27.20 price objective on JinkoSolar Holding and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. JinkoSolar Holding presently has an average rating of “Buy” and a consensus target price of $29.28.
JinkoSolar Holding Company Profile
JinkoSolar Holding Co, Ltd. operates in the photovoltaic (PV) industry. The Company has built a vertically integrated solar power product value chain, from recovering silicon materials to manufacturing solar modules and solar power generation. The Company’s segments include the manufacturing segment and the solar power projects segment.
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