Renaissance Technologies LLC Has $2.09 Million Holdings in JinkoSolar Holding Company Limited $JKS

Renaissance Technologies LLC increased its holdings in shares of JinkoSolar Holding Company Limited (NYSE:JKS) by 96.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,200 shares of the semiconductor company’s stock after acquiring an additional 40,300 shares during the period. Renaissance Technologies LLC’s holdings in JinkoSolar were worth $2,089,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JKS. Raymond James Financial Inc. acquired a new position in JinkoSolar in the second quarter worth $47,000. Banque Cantonale Vaudoise acquired a new stake in shares of JinkoSolar in the fourth quarter valued at $58,000. Leonteq Securities AG acquired a new stake in shares of JinkoSolar in the fourth quarter valued at $101,000. Federation des caisses Desjardins du Quebec raised its holdings in shares of JinkoSolar by 277.9% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 7,086 shares of the semiconductor company’s stock valued at $183,000 after buying an additional 5,211 shares during the last quarter. Finally, Cornerstone Investment Partners LLC bought a new position in shares of JinkoSolar in the fourth quarter valued at about $205,000. 35.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on JKS shares. Freedom Capital raised shares of JinkoSolar from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Weiss Ratings reiterated a “sell (d)” rating on shares of JinkoSolar in a research report on Monday, August 3rd. Wall Street Zen upgraded shares of JinkoSolar from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, UBS Group increased their price target on shares of JinkoSolar from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $24.38.

Insider Transactions at JinkoSolar

In related news, Director Wing Keong Siew sold 16,000 shares of JinkoSolar stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $16.49, for a total transaction of $263,840.00. Following the transaction, the director owned 170,000 shares of the company’s stock, valued at $2,803,300. This trade represents a 8.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Xianhua Li sold 1,280,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $25.53, for a total transaction of $32,678,400.00. Following the transaction, the director owned 10,349,612 shares of the company’s stock, valued at approximately $264,225,594.36. This represents a 11.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,312,000 shares of company stock valued at $33,360,000. 19.80% of the stock is currently owned by company insiders.

JinkoSolar Trading Down 0.2%

NYSE JKS opened at $16.98 on Tuesday. The stock has a 50-day simple moving average of $17.11 and a 200 day simple moving average of $22.06. The company has a market capitalization of $889.24 million, a PE ratio of -1.74 and a beta of 0.52. The company has a current ratio of 1.26, a quick ratio of 0.95 and a debt-to-equity ratio of 1.16. JinkoSolar Holding Company Limited has a 12 month low of $14.55 and a 12 month high of $31.88.

JinkoSolar Dividend Announcement

The business also recently announced an annual dividend, which was paid on Thursday, July 9th. Stockholders of record on Monday, June 22nd were given a dividend of $1.50 per share. This represents a dividend yield of 837.0%. The ex-dividend date was Monday, June 22nd. JinkoSolar’s payout ratio is presently -15.20%.

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.