Handelsbanken Fonder AB Buys 18,255 Shares of Jinko Solar (JKS)

Handelsbanken Fonder AB grew its stake in shares of Jinko Solar (NYSE:JKS) by 15.8% during the 4th quarter, HoldingsChannel reports. The fund owned 133,798 shares of the semiconductor company’s stock after buying an additional 18,255 shares during the period. Handelsbanken Fonder AB’s holdings in Jinko Solar were worth $3,218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Advisor Group Inc. lifted its position in shares of Jinko Solar by 20,995.0% during the third quarter. Advisor Group Inc. now owns 4,219 shares of the semiconductor company’s stock worth $105,000 after acquiring an additional 4,199 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Jinko Solar during the third quarter worth $139,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Jinko Solar during the third quarter worth $162,000. Liberty Mutual Group Asset Management Inc. purchased a new stake in shares of Jinko Solar during the fourth quarter worth $262,000. Finally, SG Americas Securities LLC lifted its position in shares of Jinko Solar by 22.3% during the third quarter. SG Americas Securities LLC now owns 11,500 shares of the semiconductor company’s stock worth $287,000 after acquiring an additional 2,100 shares in the last quarter. Hedge funds and other institutional investors own 15.44% of the company’s stock.

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Several equities research analysts have issued reports on the company. ValuEngine downgraded Jinko Solar from a “buy” rating to a “hold” rating in a research report on Saturday, December 9th. Zacks Investment Research upgraded Jinko Solar from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Wednesday, December 13th. Goldman Sachs assumed coverage on Jinko Solar in a research report on Tuesday, January 9th. They issued a “sell” rating and a $16.00 price objective on the stock. Vertical Research assumed coverage on Jinko Solar in a research report on Friday, February 2nd. They issued a “sell” rating on the stock. Finally, Vertical Group assumed coverage on Jinko Solar in a research report on Friday, February 2nd. They issued a “sell” rating on the stock. Seven equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Sell” and an average price target of $20.00.

Shares of JKS stock opened at $18.46 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.02 and a quick ratio of 0.77. Jinko Solar has a 12-month low of $15.87 and a 12-month high of $30.50. The stock has a market capitalization of $717.31, a price-to-earnings ratio of 29.06, a P/E/G ratio of 1.65 and a beta of 1.76.

Jinko Solar (NYSE:JKS) last issued its quarterly earnings data on Thursday, March 22nd. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.11). Jinko Solar had a return on equity of 2.15% and a net margin of 0.53%. The business had revenue of $976.40 million during the quarter, compared to analysts’ expectations of $971.40 million. During the same quarter last year, the business posted $1.04 EPS. The company’s quarterly revenue was up 32.4% on a year-over-year basis. analysts expect that Jinko Solar will post 1.13 EPS for the current fiscal year.

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Jinko Solar Company Profile

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products in the People's Republic of China and internationally. It offers solar modules, solar cells, silicon ingots, silicon wafers, and recovered silicon materials.

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Institutional Ownership by Quarter for Jinko Solar (NYSE:JKS)

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