Schroder Investment Management Group trimmed its position in shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) by 76.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,899 shares of the semiconductor company’s stock after selling 473,227 shares during the quarter. Schroder Investment Management Group’s holdings in JinkoSolar were worth $9,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in the stock. Myriad Asset Management Ltd. purchased a new position in shares of JinkoSolar during the fourth quarter valued at about $35,446,000. Exchange Traded Concepts LLC purchased a new position in JinkoSolar in the fourth quarter worth about $27,000. Handelsbanken Fonder AB lifted its stake in JinkoSolar by 57.9% in the fourth quarter. Handelsbanken Fonder AB now owns 1,189,998 shares of the semiconductor company’s stock worth $73,625,000 after purchasing an additional 436,489 shares during the last quarter. DNB Asset Management AS bought a new stake in JinkoSolar in the fourth quarter worth about $1,605,000. Finally, Infini Master Fund bought a new stake in JinkoSolar in the fourth quarter worth about $252,000. 57.91% of the stock is currently owned by institutional investors.
Several analysts have recently weighed in on the stock. Roth Capital downgraded shares of JinkoSolar from a “buy” rating to a “neutral” rating and set a $38.00 price target for the company. in a research note on Monday. Zacks Investment Research lowered shares of JinkoSolar from a “hold” rating to a “strong sell” rating in a report on Wednesday. Finally, The Goldman Sachs Group boosted their price objective on shares of JinkoSolar from $34.00 to $39.00 and gave the company a “sell” rating in a report on Monday, January 4th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. JinkoSolar currently has an average rating of “Hold” and a consensus price target of $36.33.
JinkoSolar (NYSE:JKS) last posted its quarterly earnings data on Thursday, April 8th. The semiconductor company reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.25). The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.38 billion. JinkoSolar had a return on equity of 7.53% and a net margin of 2.75%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.40 EPS. On average, sell-side analysts forecast that JinkoSolar Holding Co., Ltd. will post 3.31 EPS for the current fiscal year.
JinkoSolar Company 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; and develops commercial solar power projects.
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