Arlington Capital Management Inc. Invests $649,000 in JinkoSolar Holding Co., Ltd. (NYSE:JKS)

Arlington Capital Management Inc. purchased a new position in JinkoSolar Holding Co., Ltd. (NYSE:JKS) during the third quarter, HoldingsChannel reports. The firm purchased 40,685 shares of the semiconductor company’s stock, valued at approximately $649,000. JinkoSolar makes up about 0.4% of Arlington Capital Management Inc.’s investment portfolio, making the stock its 26th largest position.

Several other hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position in shares of JinkoSolar by 195.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 8,040 shares of the semiconductor company’s stock valued at $128,000 after acquiring an additional 5,315 shares during the period. First Trust Advisors LP increased its position in shares of JinkoSolar by 17.0% in the 3rd quarter. First Trust Advisors LP now owns 33,563 shares of the semiconductor company’s stock valued at $535,000 after acquiring an additional 4,865 shares during the period. Mackay Shields LLC acquired a new position in shares of JinkoSolar in the 3rd quarter valued at $557,000. California Public Employees Retirement System increased its position in shares of JinkoSolar by 111.2% in the 3rd quarter. California Public Employees Retirement System now owns 69,362 shares of the semiconductor company’s stock valued at $1,106,000 after acquiring an additional 36,519 shares during the period. Finally, Hussman Strategic Advisors Inc. increased its position in shares of JinkoSolar by 100.0% in the 3rd quarter. Hussman Strategic Advisors Inc. now owns 150,000 shares of the semiconductor company’s stock valued at $2,392,000 after acquiring an additional 75,000 shares during the period. Hedge funds and other institutional investors own 45.90% of the company’s stock.

NYSE:JKS opened at $14.81 on Thursday. JinkoSolar Holding Co., Ltd. has a one year low of $8.32 and a one year high of $24.84. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.73 and a current ratio of 0.95. The firm has a market cap of $684.84 million, a price-to-earnings ratio of 9.74, a PEG ratio of 0.25 and a beta of 1.87. The firm’s fifty day moving average is $15.55 and its two-hundred day moving average is $19.22.

JinkoSolar (NYSE:JKS) last posted its quarterly earnings results on Friday, August 30th. The semiconductor company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.10). JinkoSolar had a net margin of 1.72% and a return on equity of 5.36%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $931.74 million. During the same period in the previous year, the company posted $0.41 earnings per share. JinkoSolar’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, equities research analysts predict that JinkoSolar Holding Co., Ltd. will post 3 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on JKS shares. ValuEngine downgraded JinkoSolar from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Zacks Investment Research raised JinkoSolar from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Friday, September 27th. Finally, Credit Suisse Group upped their price target on shares of JinkoSolar from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Tuesday, September 3rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. JinkoSolar presently has an average rating of “Hold” and a consensus price target of $18.50.

JinkoSolar 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. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots.

See Also: Market Timing

Want to see what other hedge funds are holding JKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JinkoSolar Holding Co., Ltd. (NYSE:JKS).

Institutional Ownership by Quarter for JinkoSolar (NYSE:JKS)

Receive News & Ratings for JinkoSolar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JinkoSolar and related companies with MarketBeat.com's FREE daily email newsletter.