SG Americas Securities LLC Purchases 127,234 Shares of JinkoSolar Holding Company Limited $JKS

SG Americas Securities LLC raised its position in shares of JinkoSolar Holding Company Limited (NYSE:JKS) by 189.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 194,231 shares of the semiconductor company’s stock after purchasing an additional 127,234 shares during the quarter. SG Americas Securities LLC’s holdings in JinkoSolar were worth $5,013,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Profund Advisors LLC increased its stake in shares of JinkoSolar by 5.3% in the third quarter. Profund Advisors LLC now owns 18,650 shares of the semiconductor company’s stock worth $448,000 after purchasing an additional 937 shares in the last quarter. Raymond James Financial Inc. bought a new position in JinkoSolar in the 2nd quarter worth $47,000. Geode Capital Management LLC increased its stake in JinkoSolar by 9.9% in the 2nd quarter. Geode Capital Management LLC now owns 37,671 shares of the semiconductor company’s stock worth $799,000 after buying an additional 3,394 shares in the last quarter. New York State Common Retirement Fund purchased a new stake in JinkoSolar in the 3rd quarter worth $182,000. Finally, FNY Investment Advisers LLC purchased a new stake in JinkoSolar in the 3rd quarter worth $225,000. 35.82% of the stock is currently owned by institutional investors.

JinkoSolar Stock Performance

Shares of NYSE JKS opened at $25.43 on Thursday. The company has a market cap of $1.31 billion, a P/E ratio of -2.78 and a beta of 0.55. JinkoSolar Holding Company Limited has a 52-week low of $13.42 and a 52-week high of $31.88. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.02 and a current ratio of 1.30. The firm’s fifty day moving average is $25.95 and its two-hundred day moving average is $25.89.

Analyst Ratings Changes

Several equities analysts have recently commented on JKS shares. Weiss Ratings restated a “hold (c-)” rating on shares of JinkoSolar in a research report on Monday, March 23rd. Wall Street Zen cut JinkoSolar from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Zacks Research downgraded JinkoSolar from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 11th. Finally, Daiwa Securities Group upgraded JinkoSolar from a “sell” rating to a “buy” rating and set a $28.50 price target for the company in a research note on Tuesday, March 24th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $24.50.

JinkoSolar Profile

JinkoSolar Holding Co, Ltd. (NYSE: JKS) is a vertically integrated solar photovoltaic (PV) manufacturer headquartered in Shanghai, China. The company specializes in the design, development and production of high-performance solar modules, silicon wafers, solar cells and related components. Since its founding in 2006, JinkoSolar has become one of the world’s largest solar module suppliers, known for delivering reliable products to utility, commercial and residential customers.

JinkoSolar’s product portfolio encompasses a broad range of monocrystalline and polycrystalline PV modules, including half-cell, bifacial and high-efficiency Tiger module series.