JinkoSolar Holding Company Limited $JKS Shares Bought by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lifted its holdings in JinkoSolar Holding Company Limited (NYSE:JKS) by 72.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,404 shares of the semiconductor company’s stock after purchasing an additional 35,057 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in JinkoSolar were worth $2,153,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in JKS. Geode Capital Management LLC grew its stake in shares of JinkoSolar by 9.9% in the 2nd quarter. Geode Capital Management LLC now owns 37,671 shares of the semiconductor company’s stock worth $799,000 after purchasing an additional 3,394 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of JinkoSolar by 7,759.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 11,082 shares of the semiconductor company’s stock worth $235,000 after purchasing an additional 10,941 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of JinkoSolar in the 2nd quarter worth approximately $47,000. SG Americas Securities LLC grew its stake in shares of JinkoSolar by 63.0% in the 3rd quarter. SG Americas Securities LLC now owns 66,997 shares of the semiconductor company’s stock worth $1,610,000 after purchasing an additional 25,903 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. acquired a new position in shares of JinkoSolar in the 3rd quarter worth approximately $1,009,000. Institutional investors and hedge funds own 35.82% of the company’s stock.

Analyst Ratings Changes

JKS has been the topic of several recent research reports. Weiss Ratings raised shares of JinkoSolar from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, April 22nd. UBS Group lowered their price objective on shares of JinkoSolar from $25.00 to $23.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 29th. Zacks Research downgraded shares of JinkoSolar from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Daiwa Securities Group raised shares of JinkoSolar from a “sell” rating to a “buy” rating and set a $28.50 target price on the stock in a research report on Tuesday, March 24th. Finally, Wall Street Zen raised shares of JinkoSolar from a “sell” rating to a “hold” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $24.13.

JinkoSolar Stock Performance

JinkoSolar stock opened at $24.03 on Tuesday. The firm’s 50 day simple moving average is $24.24 and its 200-day simple moving average is $25.66. The company has a market cap of $1.24 billion, a P/E ratio of -2.47 and a beta of 0.53. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.26 and a quick ratio of 0.95. JinkoSolar Holding Company Limited has a fifty-two week low of $16.80 and a fifty-two week high of $31.88.

JinkoSolar (NYSE:JKS) last released its earnings results on Wednesday, April 29th. The semiconductor company reported ($1.52) earnings per share for the quarter, topping the consensus estimate of ($1.84) by $0.32. JinkoSolar had a negative net margin of 5.62% and a negative return on equity of 9.52%.

JinkoSolar Company 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.