Advisors Asset Management Inc. Has $133,000 Stock Holdings in JinkoSolar Holding Co., Ltd. (NYSE:JKS)

Advisors Asset Management Inc. lowered its holdings in shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) by 37.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,959 shares of the semiconductor company’s stock after selling 2,959 shares during the period. Advisors Asset Management Inc.’s holdings in JinkoSolar were worth $133,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Decade Renewable Partners LP bought a new stake in shares of JinkoSolar in the 2nd quarter valued at $4,272,000. Millennium Management LLC increased its stake in JinkoSolar by 2,305.1% in the second quarter. Millennium Management LLC now owns 168,911 shares of the semiconductor company’s stock valued at $3,500,000 after purchasing an additional 161,888 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of JinkoSolar by 49.5% during the second quarter. Marshall Wace LLP now owns 447,709 shares of the semiconductor company’s stock valued at $9,277,000 after purchasing an additional 148,268 shares during the period. Point72 Europe London LLP bought a new position in shares of JinkoSolar during the 2nd quarter worth about $3,023,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of JinkoSolar by 8.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 981,492 shares of the semiconductor company’s stock valued at $20,357,000 after buying an additional 74,219 shares during the period. 35.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on JKS. Roth Mkm cut their price target on JinkoSolar from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. The Goldman Sachs Group reduced their price target on shares of JinkoSolar from $21.00 to $18.00 and set a “sell” rating for the company in a research report on Tuesday, September 3rd. Finally, StockNews.com upgraded shares of JinkoSolar from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat.com, JinkoSolar has a consensus rating of “Hold” and a consensus price target of $24.60.

JinkoSolar Trading Down 1.8 %

NYSE JKS opened at $22.17 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $1.18 billion, a P/E ratio of 39.12 and a beta of 0.44. The business has a fifty day simple moving average of $23.33 and a 200 day simple moving average of $22.42. JinkoSolar Holding Co., Ltd. has a 12 month low of $16.70 and a 12 month high of $38.37.

JinkoSolar (NYSE:JKS) last released its quarterly earnings results on Friday, August 30th. The semiconductor company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.92. The business had revenue of $3.31 billion for the quarter, compared to analysts’ expectations of $3.85 billion. JinkoSolar had a net margin of 0.53% and a return on equity of 4.18%. On average, analysts predict that JinkoSolar Holding Co., Ltd. will post -0.42 EPS 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.