SG Americas Securities LLC Raises Stock Position in JinkoSolar Holding Company Limited $JKS

SG Americas Securities LLC boosted its stake in JinkoSolar Holding Company Limited (NYSE:JKS) by 189.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 194,231 shares of the semiconductor company’s stock after purchasing an additional 127,234 shares during the period. SG Americas Securities LLC owned approximately 0.38% of JinkoSolar worth $5,013,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Profund Advisors LLC boosted its stake in shares of JinkoSolar by 5.3% in the 3rd quarter. Profund Advisors LLC now owns 18,650 shares of the semiconductor company’s stock worth $448,000 after buying an additional 937 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in JinkoSolar during the second quarter valued at $47,000. Geode Capital Management LLC increased its position in JinkoSolar by 9.9% during the second quarter. Geode Capital Management LLC now owns 37,671 shares of the semiconductor company’s stock valued at $799,000 after acquiring an additional 3,394 shares during the last quarter. New York State Common Retirement Fund bought a new position in JinkoSolar in the third quarter valued at about $182,000. Finally, FNY Investment Advisers LLC bought a new position in JinkoSolar in the third quarter valued at about $225,000. 35.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JKS has been the subject of a number of recent research reports. Daiwa Securities Group upgraded JinkoSolar from a “sell” rating to a “buy” rating and set a $28.50 price target for the company in a research note on Tuesday, March 24th. Wall Street Zen downgraded shares of JinkoSolar from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Weiss Ratings restated a “hold (c-)” rating on shares of JinkoSolar in a research report on Monday, March 23rd. Finally, Zacks Research cut shares of JinkoSolar from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $24.50.

JinkoSolar Stock Performance

NYSE:JKS opened at $25.43 on Thursday. The stock has a 50-day simple moving average of $25.95 and a two-hundred day simple moving average of $25.89. JinkoSolar Holding Company Limited has a 52-week low of $13.42 and a 52-week high of $31.88. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.02 and a current ratio of 1.30. The firm has a market capitalization of $1.31 billion, a PE ratio of -2.78 and a beta of 0.55.

JinkoSolar Company Profile

JinkoSolar Holding Co, Ltd. (NYSE: JKS) is a vertically integrated solar photovoltaic (PV) manufacturer headquartered in Shanghai, China. The company specializes in the design, development and production of high-performance solar modules, silicon wafers, solar cells and related components. Since its founding in 2006, JinkoSolar has become one of the world’s largest solar module suppliers, known for delivering reliable products to utility, commercial and residential customers.

JinkoSolar’s product portfolio encompasses a broad range of monocrystalline and polycrystalline PV modules, including half-cell, bifacial and high-efficiency Tiger module series.