Public Employees Retirement System of Ohio Purchases 14,765 Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS)

Public Employees Retirement System of Ohio grew its stake in JinkoSolar Holding Co., Ltd. (NYSE:JKS - Free Report) by 42.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,365 shares of the semiconductor company's stock after purchasing an additional 14,765 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.09% of JinkoSolar worth $1,229,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of JKS. Pictet Asset Management Holding SA acquired a new stake in JinkoSolar during the fourth quarter worth approximately $5,948,000. Balyasny Asset Management L.P. lifted its holdings in JinkoSolar by 1,592.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 129,385 shares of the semiconductor company's stock worth $3,222,000 after purchasing an additional 121,740 shares during the last quarter. Millennium Management LLC acquired a new position in JinkoSolar in the 4th quarter valued at $2,846,000. Hsbc Holdings PLC lifted its holdings in shares of JinkoSolar by 30.6% during the fourth quarter. Hsbc Holdings PLC now owns 102,523 shares of the semiconductor company's stock worth $2,553,000 after buying an additional 24,016 shares in the last quarter. Finally, AI Squared Management Ltd bought a new position in JinkoSolar during the fourth quarter worth about $2,336,000. Institutional investors and hedge funds own 35.82% of the company's stock.

JinkoSolar Price Performance

JKS traded down $0.21 on Thursday, reaching $18.50. The stock had a trading volume of 173,319 shares, compared to its average volume of 1,034,391. 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 has a market capitalization of $950.47 million, a price-to-earnings ratio of 31.43 and a beta of 0.16. JinkoSolar Holding Co., Ltd. has a fifty-two week low of $13.42 and a fifty-two week high of $37.36. The firm has a 50-day moving average of $17.48 and a 200-day moving average of $21.25.

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

Wall Street Analysts Forecast Growth

JKS has been the subject of a number of recent analyst reports. The Goldman Sachs Group cut their target price on JinkoSolar from $20.00 to $18.00 and set a "sell" rating for the company in a research report on Thursday, March 27th. UBS Group decreased their price objective on shares of JinkoSolar from $25.00 to $22.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Finally, Citigroup cut JinkoSolar from a "buy" rating to a "sell" rating in a research note on Monday, May 5th. Four equities research 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. According to data from MarketBeat, the stock currently 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.