Russell Investments Group Ltd. Makes New $744,000 Investment in JinkoSolar Holding Co., Ltd. (NYSE:JKS)

Russell Investments Group Ltd. acquired a new stake in JinkoSolar Holding Co., Ltd. (NYSE:JKS - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 29,911 shares of the semiconductor company's stock, valued at approximately $744,000. Russell Investments Group Ltd. owned about 0.06% of JinkoSolar at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Barclays PLC raised its holdings in JinkoSolar by 30.2% during the 3rd quarter. Barclays PLC now owns 2,318 shares of the semiconductor company's stock worth $62,000 after purchasing an additional 537 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in JinkoSolar during the 4th quarter worth approximately $119,000. New York State Common Retirement Fund bought a new position in JinkoSolar during the 4th quarter worth approximately $132,000. Cornerstone Investment Partners LLC bought a new position in JinkoSolar during the 4th quarter worth approximately $231,000. Finally, Trexquant Investment LP bought a new position in JinkoSolar during the 4th quarter worth approximately $341,000. Institutional investors own 35.82% of the company's stock.

JinkoSolar Stock Down 0.1 %

NYSE JKS traded down $0.02 during mid-day trading on Monday, hitting $17.64. The company's stock had a trading volume of 798,152 shares, compared to its average volume of 1,069,122. The company's 50 day simple moving average is $19.51 and its 200 day simple moving average is $22.12. JinkoSolar Holding Co., Ltd. has a twelve month low of $13.42 and a twelve month high of $37.36. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $937.65 million, a price-to-earnings ratio of 29.90 and a beta of 0.17.

JinkoSolar (NYSE:JKS - Get Free Report) last posted its quarterly earnings results on Wednesday, March 26th. The semiconductor company reported ($1.01) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by ($0.55). JinkoSolar had a net margin of 0.53% and a return on equity of 4.18%. The business had revenue of $20.65 billion during the quarter, compared to analyst estimates of $3.38 billion. During the same period in the previous year, the business posted $0.54 EPS. The business's revenue for the quarter was down 37.1% compared to the same quarter last year. Analysts anticipate that JinkoSolar Holding Co., Ltd. will post -0.24 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Glj Research lowered their price target on shares of JinkoSolar from $13.08 to $10.95 and set a "sell" rating for the company in a report on Thursday, January 23rd. Daiwa Capital Markets lowered shares of JinkoSolar from an "underperform" rating to a "sell" rating in a research note on Friday, January 10th. UBS Group lowered their price objective 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 lowered their price objective on shares of JinkoSolar from $20.00 to $18.00 and set a "sell" rating for the company in a research note on Thursday, March 27th. Three 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. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $27.19.

About JinkoSolar

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.