DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Raises Stake in JinkoSolar Holding Co., Ltd. (NYSE:JKS)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) by 85.1% during the 4th quarter, HoldingsChannel reports. The fund owned 8,697 shares of the semiconductor company’s stock after acquiring an additional 3,998 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in JinkoSolar were worth $217,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. CoreCommodity Management LLC lifted its stake in shares of JinkoSolar by 1.1% in the 4th quarter. CoreCommodity Management LLC now owns 61,559 shares of the semiconductor company’s stock valued at $1,533,000 after acquiring an additional 640 shares during the last quarter. Caxton Associates LP purchased a new position in JinkoSolar in the 4th quarter worth approximately $1,285,000. Balyasny Asset Management L.P. lifted its position in JinkoSolar by 1,592.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 129,385 shares of the semiconductor company’s stock valued at $3,222,000 after purchasing an additional 121,740 shares during the last quarter. Northern Trust Corp boosted its stake in shares of JinkoSolar by 58.6% during the fourth quarter. Northern Trust Corp now owns 84,252 shares of the semiconductor company’s stock valued at $2,098,000 after purchasing an additional 31,130 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of JinkoSolar in the fourth quarter worth approximately $1,174,000. 35.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. The Goldman Sachs Group decreased their target price on shares of JinkoSolar from $20.00 to $18.00 and set a “sell” rating on the stock in a research note on Thursday, March 27th. Glj Research decreased their price objective on shares of JinkoSolar from $13.08 to $10.95 and set a “sell” rating on the stock in a research report on Thursday, January 23rd. Citigroup lowered shares of JinkoSolar from a “buy” rating to a “sell” rating in a report on Monday, May 5th. Finally, UBS Group cut their target price on JinkoSolar from $25.00 to $22.00 and set a “neutral” rating on the stock in a research note on Thursday, March 27th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $27.19.

JinkoSolar Stock Up 2.8%

Shares of JinkoSolar stock opened at $19.36 on Tuesday. The company’s fifty day simple moving average is $18.56 and its two-hundred day simple moving average is $21.88. JinkoSolar Holding Co., Ltd. has a 12-month low of $13.42 and a 12-month high of $37.36. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81. The company has a market cap of $994.61 million, a P/E ratio of 32.81 and a beta of 0.16.

JinkoSolar (NYSE:JKS) last issued its quarterly earnings data on Tuesday, April 29th. The semiconductor company reported ($2.85) EPS for the quarter, missing the consensus estimate of ($1.45) by ($1.40). The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.89 billion. JinkoSolar had a return on equity of 4.18% and a net margin of 0.53%. The business’s quarterly revenue was down 39.9% on a year-over-year basis. During the same quarter last year, the business earned $1.34 earnings per share. Research analysts anticipate that JinkoSolar Holding Co., Ltd. will post -0.24 EPS for the current year.

About JinkoSolar

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.