Quantitative Investment Management LLC Buys 8,400 Shares of JA Solar Holdings (JASO)

Quantitative Investment Management LLC grew its stake in JA Solar Holdings (NASDAQ:JASO) by 27.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 38,600 shares of the solar energy provider’s stock after buying an additional 8,400 shares during the quarter. Quantitative Investment Management LLC owned 0.08% of JA Solar worth $287,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of JA Solar by 3.2% in the 4th quarter. BlackRock Inc. now owns 783,319 shares of the solar energy provider’s stock valued at $5,844,000 after buying an additional 24,554 shares during the period. Guinness Asset Management Ltd boosted its stake in shares of JA Solar by 1.7% in the 4th quarter. Guinness Asset Management Ltd now owns 408,948 shares of the solar energy provider’s stock valued at $3,051,000 after buying an additional 6,800 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of JA Solar by 1,558.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 199,376 shares of the solar energy provider’s stock valued at $1,515,000 after buying an additional 187,354 shares during the period. State Street Corp boosted its stake in shares of JA Solar by 17.6% in the 2nd quarter. State Street Corp now owns 147,625 shares of the solar energy provider’s stock valued at $937,000 after buying an additional 22,121 shares during the period. Finally, Keybank National Association OH purchased a new position in shares of JA Solar in the 4th quarter valued at about $867,000. Institutional investors and hedge funds own 33.00% of the company’s stock.

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Several equities analysts have recently issued reports on the company. BidaskClub cut JA Solar from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. Zacks Investment Research upgraded JA Solar from a “hold” rating to a “buy” rating and set a $8.25 price objective for the company in a research note on Monday, December 18th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $6.81.

Shares of JASO stock opened at $6.65 on Friday. The firm has a market capitalization of $317.87, a P/E ratio of 4.32 and a beta of 1.00. JA Solar Holdings has a 52 week low of $5.62 and a 52 week high of $8.48. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.70 and a current ratio of 1.03.

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JA Solar Company Profile

JA Solar Holdings Co, Ltd., together with its subsidiaries, designs, develops, manufactures, and sells solar power products based on crystalline silicon technologies. The company's principal products include monocrystalline and multicrystalline solar cells and modules. It also provides monocrystalline and multicrystalline silicon wafers; solar product processing services; and solar power plant project development and electricity generation services.

Institutional Ownership by Quarter for JA Solar (NASDAQ:JASO)

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