Himension Capital Singapore PTE. LTD. Purchases 45,542 Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS)

Himension Capital Singapore PTE. LTD. raised its holdings in shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) by 472.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 55,175 shares of the semiconductor company’s stock after purchasing an additional 45,542 shares during the period. Himension Capital Singapore PTE. LTD. owned approximately 0.10% of JinkoSolar worth $1,374,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of JKS. Russell Investments Group Ltd. purchased a new position in JinkoSolar in the 4th quarter worth about $744,000. Trexquant Investment LP purchased a new position in shares of JinkoSolar during the fourth quarter valued at approximately $341,000. Pictet Asset Management Holding SA bought a new position in JinkoSolar during the fourth quarter valued at approximately $5,948,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in JinkoSolar by 5.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 20,289 shares of the semiconductor company’s stock worth $532,000 after purchasing an additional 1,028 shares during the last quarter. Finally, AI Squared Management Ltd bought a new stake in JinkoSolar in the 4th quarter worth approximately $2,336,000. Institutional investors own 35.82% of the company’s stock.

JinkoSolar Trading Down 10.5 %

Shares of JinkoSolar stock opened at $15.69 on Friday. JinkoSolar Holding Co., Ltd. has a twelve month low of $14.81 and a twelve month high of $37.36. The company has a quick ratio of 0.97, a current ratio of 1.22 and a debt-to-equity ratio of 0.81. The business has a 50-day moving average price of $21.47 and a 200-day moving average price of $23.11. The firm has a market cap of $834.00 million, a price-to-earnings ratio of 26.59 and a beta of 0.17.

JinkoSolar (NYSE:JKS) last released its quarterly earnings results on Wednesday, March 26th. The semiconductor company reported ($1.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.38 billion. During the same period in the previous year, the company earned $0.54 EPS. JinkoSolar’s revenue for the quarter was down 37.1% compared to the same quarter last year. Equities research analysts anticipate that JinkoSolar Holding Co., Ltd. will post -0.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

JKS has been the topic of a number of research reports. The Goldman Sachs Group dropped their price target on JinkoSolar from $20.00 to $18.00 and set a “sell” rating on the stock in a research note on Thursday, March 27th. Daiwa Capital Markets downgraded JinkoSolar from an “underperform” rating to a “sell” rating in a research note on Friday, January 10th. 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 note on Thursday, January 23rd. Finally, UBS Group cut their price target on JinkoSolar from $25.00 to $22.00 and set a “neutral” rating for the company in a report on Thursday, March 27th. Three research 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.