Public Employees Retirement System of Ohio Has $719,000 Holdings in JinkoSolar Holding Company Limited $JKS

Key Points

• The Public Employees Retirement System of Ohio increased its stake in JinkoSolar Holding Company Limited by 51.3% in the second quarter, owning approximately 33,900 shares worth $719,000.
• Other institutional investors have also made significant stakes in JinkoSolar, with a combined ownership of 35.82% of the stock.
• JinkoSolar's stock has received a mixed response from analysts, with a consensus rating of "Strong Sell" and a price target of $28.99.

Public Employees Retirement System of Ohio lifted its stake in shares of JinkoSolar Holding Company Limited (NYSE:JKS - Free Report) by 51.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,900 shares of the semiconductor company's stock after acquiring an additional 11,500 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.07% of JinkoSolar worth $719,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new stake in JinkoSolar in the 1st quarter worth approximately $36,000. Caitong International Asset Management Co. Ltd raised its position in shares of JinkoSolar by 502.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 5,470 shares of the semiconductor company's stock valued at $102,000 after purchasing an additional 4,562 shares during the period. Harvest Portfolios Group Inc. acquired a new stake in shares of JinkoSolar in the first quarter worth $269,000. Quantbot Technologies LP bought a new stake in shares of JinkoSolar during the 1st quarter worth $579,000. Finally, Nuveen LLC bought a new stake in shares of JinkoSolar during the 1st quarter worth $598,000. 35.82% of the stock is owned by institutional investors.

JinkoSolar Trading Down 2.1%

Shares of JKS opened at $24.73 on Monday. The stock's 50-day moving average price is $23.60 and its 200 day moving average price is $20.89. The company has a quick ratio of 1.07, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of -4.93 and a beta of 0.44. JinkoSolar Holding Company Limited has a 12-month low of $13.42 and a 12-month high of $37.36.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on JKS shares. Wall Street Zen lowered shares of JinkoSolar from a "hold" rating to a "sell" rating in a research report on Saturday, September 20th. Weiss Ratings reiterated a "sell (d)" rating on shares of JinkoSolar in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Strong Sell" and a consensus price target of $28.99.

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.

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