Caxton Associates LP Makes New $1.29 Million Investment in JinkoSolar Holding Co., Ltd. (NYSE:JKS)

Caxton Associates LP bought a new position in JinkoSolar Holding Co., Ltd. (NYSE:JKS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 51,594 shares of the semiconductor company's stock, valued at approximately $1,285,000. Caxton Associates LP owned approximately 0.10% of JinkoSolar as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. CANADA LIFE ASSURANCE Co purchased a new position in JinkoSolar in the 4th quarter valued at approximately $55,000. Barclays PLC grew its position in shares of JinkoSolar by 30.2% in the third quarter. Barclays PLC now owns 2,318 shares of the semiconductor company's stock valued at $62,000 after purchasing an additional 537 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of JinkoSolar during the 4th quarter valued at $119,000. New York State Common Retirement Fund purchased a new stake in JinkoSolar during the 4th quarter worth about $132,000. Finally, Jump Financial LLC purchased a new position in JinkoSolar during the 4th quarter valued at about $200,000. Institutional investors own 35.82% of the company's stock.

JinkoSolar Stock Up 1.3 %

Shares of JKS stock traded up $0.25 during midday trading on Friday, reaching $18.88. 399,713 shares of the stock were exchanged, compared to its average volume of 1,069,050. The firm has a market cap of $970.00 million, a PE ratio of 32.00 and a beta of 0.16. 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 company's 50 day moving average is $18.63 and its two-hundred day moving average is $21.91. JinkoSolar Holding Co., Ltd. has a 1 year low of $13.42 and a 1 year high of $37.36.

JinkoSolar (NYSE:JKS - Get Free Report) last announced its earnings results on Tuesday, April 29th. The semiconductor company reported ($2.85) EPS for the quarter, missing analysts' consensus estimates of ($1.45) by ($1.40). JinkoSolar had a net margin of 0.53% and a return on equity of 4.18%. The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the firm posted $1.34 EPS. The business's quarterly revenue was down 39.9% on a year-over-year basis. On average, equities research analysts predict that JinkoSolar Holding Co., Ltd. will post -0.24 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Glj Research reduced their price target on shares of JinkoSolar from $13.08 to $10.95 and set a "sell" rating for the company in a research report on Thursday, January 23rd. Citigroup lowered shares of JinkoSolar from a "buy" rating to a "sell" rating in a report on Monday, May 5th. UBS Group lowered their price target on shares of JinkoSolar from $25.00 to $22.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Finally, The Goldman Sachs Group reduced their price objective on JinkoSolar from $20.00 to $18.00 and set a "sell" rating on the stock in a research note on Thursday, March 27th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $27.19.

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.