47,142 Shares in JinkoSolar Holding Co., Ltd. (NYSE:JKS) Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new position in shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 47,142 shares of the semiconductor company's stock, valued at approximately $1,174,000. Susquehanna Fundamental Investments LLC owned 0.09% of JinkoSolar as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in JKS. SG Americas Securities LLC acquired a new stake in JinkoSolar in the 4th quarter valued at $1,435,000. Himension Capital Singapore PTE. LTD. grew its holdings in shares of JinkoSolar by 472.8% during 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 buying an additional 45,542 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of JinkoSolar by 245.8% during the fourth quarter. Bank of New York Mellon Corp now owns 41,445 shares of the semiconductor company's stock worth $1,032,000 after acquiring an additional 29,459 shares in the last quarter. Pictet Asset Management Holding SA bought a new position in JinkoSolar in the 4th quarter valued at about $5,948,000. Finally, Capital Wealth Planning LLC acquired a new position in JinkoSolar during the 4th quarter valued at about $752,000. Institutional investors and hedge funds own 35.82% of the company's stock.

JinkoSolar Price Performance

JKS traded up $0.04 on Wednesday, reaching $17.93. The company had a trading volume of 50,842 shares, compared to its average volume of 1,063,525. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 1.22. JinkoSolar Holding Co., Ltd. has a 52-week low of $13.42 and a 52-week high of $37.36. The company has a market cap of $952.80 million, a price-to-earnings ratio of 30.36 and a beta of 0.16. The business has a 50 day simple moving average of $18.84 and a 200 day simple moving average of $21.96.

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). The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.89 billion. JinkoSolar had a return on equity of 4.18% and a net margin of 0.53%. The business's quarterly revenue was down 39.9% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 Analyst Weigh In

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group dropped their price target on shares of JinkoSolar from $20.00 to $18.00 and set a "sell" rating on the stock in a research report on Thursday, March 27th. Daiwa Capital Markets lowered JinkoSolar from an "underperform" rating to a "sell" rating in a report on Friday, January 10th. Citigroup lowered JinkoSolar from a "buy" rating to a "sell" rating in a report on Monday. UBS Group decreased their target price on JinkoSolar from $25.00 to $22.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Finally, Glj Research lowered their price objective on shares of JinkoSolar from $13.08 to $10.95 and set a "sell" rating on the stock in a research report 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 data from MarketBeat, JinkoSolar presently 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.