Twinbeech Capital LP Increases Holdings in JinkoSolar Holding Co., Ltd. (NYSE:JKS)

Twinbeech Capital LP boosted its stake in shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS - Free Report) by 219.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,960 shares of the semiconductor company's stock after purchasing an additional 17,846 shares during the period. Twinbeech Capital LP's holdings in JinkoSolar were worth $646,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co purchased a new position in JinkoSolar during the fourth quarter valued at $55,000. Barclays PLC lifted its position in JinkoSolar by 30.2% during 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. purchased a new position in JinkoSolar during the fourth quarter valued at $119,000. New York State Common Retirement Fund purchased a new position in JinkoSolar during the fourth quarter valued at $132,000. Finally, Jump Financial LLC purchased a new position in JinkoSolar during the fourth quarter valued at $200,000. 35.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on JKS. The Goldman Sachs Group lowered their target price on JinkoSolar from $20.00 to $18.00 and set a "sell" rating on the stock in a research report on Thursday, March 27th. Citigroup downgraded JinkoSolar from a "buy" rating to a "sell" rating in a research report on Monday, May 5th. Finally, UBS Group lowered their price objective on JinkoSolar from $25.00 to $22.00 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned 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 Price Performance

Shares of JKS stock traded down $0.42 during trading hours on Wednesday, hitting $18.11. The stock had a trading volume of 55,315 shares, compared to its average volume of 1,048,979. JinkoSolar Holding Co., Ltd. has a one year low of $13.42 and a one year high of $37.36. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.22 and a quick ratio of 0.97. The stock's 50-day moving average price is $17.77 and its two-hundred day moving average price is $21.38. The stock has a market capitalization of $930.44 million, a price-to-earnings ratio of 30.68 and a beta of 0.16.

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