XTX Topco Ltd Invests $1.16 Million in JinkoSolar Holding Company Limited $JKS

XTX Topco Ltd bought a new stake in JinkoSolar Holding Company Limited (NYSE:JKS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 54,672 shares of the semiconductor company’s stock, valued at approximately $1,160,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 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 valued at $235,000 after purchasing an additional 10,941 shares during the period. MTM Investment Management LLC bought a new position in shares of JinkoSolar during the 2nd quarter worth approximately $28,000. Geode Capital Management LLC boosted its stake in JinkoSolar by 9.9% in the 2nd quarter. Geode Capital Management LLC now owns 37,671 shares of the semiconductor company’s stock valued at $799,000 after buying an additional 3,394 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in JinkoSolar by 18.2% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 23,449 shares of the semiconductor company’s stock valued at $498,000 after acquiring an additional 3,608 shares during the period. Finally, Public Employees Retirement System of Ohio raised its stake in JinkoSolar by 51.3% during the second quarter. Public Employees Retirement System of Ohio now owns 33,900 shares of the semiconductor company’s stock worth $719,000 after acquiring an additional 11,500 shares in the last quarter. Institutional investors own 35.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on JKS. Wall Street Zen upgraded shares of JinkoSolar from a “sell” rating to a “hold” rating in a research note on Saturday, October 11th. Roth Capital boosted their price target on shares of JinkoSolar from $17.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, November 21st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of JinkoSolar in a report on Wednesday, October 8th. The Goldman Sachs Group lifted their target price on shares of JinkoSolar from $18.00 to $20.00 and gave the company a “sell” rating in a research note on Wednesday, November 19th. Finally, UBS Group reissued a “neutral” rating on shares of JinkoSolar in a report on Friday. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $28.59.

JinkoSolar Trading Up 1.7%

Shares of NYSE JKS opened at $26.14 on Friday. JinkoSolar Holding Company Limited has a 1-year low of $13.42 and a 1-year high of $31.88. The company has a 50-day moving average of $25.03 and a two-hundred day moving average of $23.02. The company has a market cap of $1.35 billion, a PE ratio of -5.21 and a beta of 0.60. The company has a current ratio of 1.33, a quick ratio of 1.07 and a debt-to-equity ratio of 1.11.

JinkoSolar (NYSE:JKS) last issued its quarterly earnings results on Monday, November 17th. The semiconductor company reported ($2.30) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.56) by $0.26. JinkoSolar had a negative net margin of 2.23% and a negative return on equity of 2.95%. The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.72 billion. As a group, equities analysts expect that JinkoSolar Holding Company Limited will post -0.24 earnings per share for the current fiscal year.

JinkoSolar Profile

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.