JinkoSolar Holding Co., Ltd. (NYSE:JKS) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp decreased its position in JinkoSolar Holding Co., Ltd. (NYSE:JKS - Free Report) by 11.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,588,308 shares of the semiconductor company's stock after selling 319,369 shares during the period. Mackenzie Financial Corp owned about 4.87% of JinkoSolar worth $64,449,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. SG Americas Securities LLC purchased a new position in shares of JinkoSolar in the 4th quarter valued at about $1,435,000. Himension Capital Singapore PTE. LTD. increased its position in shares of JinkoSolar by 472.8% in the fourth quarter. Himension Capital Singapore PTE. LTD. now owns 55,175 shares of the semiconductor company's stock valued at $1,374,000 after buying an additional 45,542 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of JinkoSolar by 245.8% during the 4th quarter. Bank of New York Mellon Corp now owns 41,445 shares of the semiconductor company's stock worth $1,032,000 after buying an additional 29,459 shares during the period. Pictet Asset Management Holding SA purchased a new position in shares of JinkoSolar during the 4th quarter valued at approximately $5,948,000. Finally, Capital Wealth Planning LLC purchased a new position in shares of JinkoSolar during the 4th quarter valued at approximately $752,000. Institutional investors and hedge funds own 35.82% of the company's stock.

JinkoSolar Price Performance

JKS traded up $0.03 on Thursday, hitting $18.39. 204,753 shares of the company's stock were exchanged, compared to its average volume of 1,047,883. JinkoSolar Holding Co., Ltd. has a fifty-two week low of $13.42 and a fifty-two week high of $37.36. The stock has a market cap of $944.57 million, a price-to-earnings ratio of 31.16 and a beta of 0.16. The firm has a 50-day moving average price of $17.69 and a 200-day moving average price of $21.36. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81.

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

Analyst Ratings Changes

A number of equities analysts have weighed in on JKS shares. UBS Group reduced their price objective on shares of JinkoSolar from $25.00 to $22.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Citigroup cut shares of JinkoSolar from a "buy" rating to a "sell" rating in a research note on Monday, May 5th. Finally, The Goldman Sachs Group decreased their price target on shares of JinkoSolar from $20.00 to $18.00 and set a "sell" rating on the stock in a research note on Thursday, March 27th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, JinkoSolar has an average rating of "Hold" and an average price target of $27.19.

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; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.