First Trust Advisors LP increased its stake in shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) by 17.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,563 shares of the semiconductor company’s stock after buying an additional 4,865 shares during the quarter. First Trust Advisors LP owned 0.08% of JinkoSolar worth $535,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Acadian Asset Management LLC purchased a new position in shares of JinkoSolar during the 2nd quarter valued at $38,000. Advisors Preferred LLC purchased a new stake in shares of JinkoSolar during the 2nd quarter valued at approximately $55,000. Tower Research Capital LLC TRC purchased a new stake in shares of JinkoSolar during the 2nd quarter valued at approximately $59,000. Ladenburg Thalmann Financial Services Inc. raised its position in shares of JinkoSolar by 136.4% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,900 shares of the semiconductor company’s stock valued at $84,000 after buying an additional 2,250 shares during the period. Finally, Krane Funds Advisors LLC raised its position in shares of JinkoSolar by 13.4% during the 2nd quarter. Krane Funds Advisors LLC now owns 4,880 shares of the semiconductor company’s stock valued at $106,000 after buying an additional 577 shares during the period. Institutional investors and hedge funds own 48.05% of the company’s stock.
Several analysts have recently commented on the stock. ValuEngine lowered shares of JinkoSolar from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Zacks Investment Research lowered shares of JinkoSolar from a “buy” rating to a “hold” rating in a research report on Thursday, November 21st. Finally, Credit Suisse Group lifted their price target on shares of JinkoSolar from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $18.50.
JinkoSolar (NYSE:JKS) last announced its earnings results on Tuesday, November 19th. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.02 billion. JinkoSolar had a return on equity of 6.70% and a net margin of 2.27%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.76 earnings per share. Analysts anticipate that JinkoSolar Holding Co., Ltd. will post 2.48 EPS for the current fiscal year.
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.
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