Stifel Financial Corp Takes Position in JinkoSolar Holding Co., Ltd. (NYSE:JKS)

Stifel Financial Corp acquired a new stake in shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 48,061 shares of the semiconductor company's stock, valued at approximately $1,197,000. Stifel Financial Corp owned about 0.09% of JinkoSolar at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Pictet Asset Management Holding SA acquired a new stake in JinkoSolar in the 4th quarter worth about $5,948,000. AI Squared Management Ltd purchased a new stake in JinkoSolar during the 4th quarter worth about $2,336,000. SG Americas Securities LLC purchased a new position in shares of JinkoSolar during the fourth quarter worth about $1,435,000. Himension Capital Singapore PTE. LTD. lifted its position in 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 purchasing an additional 45,542 shares during the period. Finally, DRW Securities LLC purchased a new stake in shares of JinkoSolar during the 4th quarter worth approximately $847,000. 35.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on JKS shares. The Goldman Sachs Group dropped their price objective on JinkoSolar from $20.00 to $18.00 and set a "sell" rating for the company in a report on Thursday, March 27th. Citigroup lowered shares of JinkoSolar from a "buy" rating to a "sell" rating in a research note on Monday, May 5th. UBS Group decreased 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, Glj Research decreased their target price on shares of JinkoSolar from $13.08 to $10.95 and set a "sell" rating for the company in a research note on Thursday, January 23rd. Four analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $27.19.

JinkoSolar Trading Up 0.1%

Shares of JinkoSolar stock traded up $0.02 during trading hours on Wednesday, hitting $19.39. The company's stock had a trading volume of 381,627 shares, compared to its average volume of 1,067,361. JinkoSolar Holding Co., Ltd. has a 12 month low of $13.42 and a 12 month 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 company has a market capitalization of $996.20 million, a PE ratio of 32.86 and a beta of 0.16. The stock has a 50 day moving average of $18.49 and a 200 day moving average of $21.87.

JinkoSolar (NYSE:JKS - Get Free Report) last released its 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). JinkoSolar had a net margin of 0.53% and a return on equity of 4.18%. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the previous year, the company posted $1.34 earnings per share. The business's revenue was down 39.9% compared to the same quarter last year. Analysts predict that JinkoSolar Holding Co., Ltd. will post -0.24 earnings per share for the current year.

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.