Verition Fund Management LLC Purchases New Stake in JinkoSolar Holding Co., Ltd. (NYSE:JKS)

Verition Fund Management LLC acquired a new position in JinkoSolar Holding Co., Ltd. (NYSE:JKS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,413 shares of the semiconductor company’s stock, valued at approximately $682,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Signaturefd LLC increased its holdings in shares of JinkoSolar by 108.0% in the 3rd quarter. Signaturefd LLC now owns 1,246 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 647 shares in the last quarter. Profund Advisors LLC increased its holdings in JinkoSolar by 8.5% in the second quarter. Profund Advisors LLC now owns 12,217 shares of the semiconductor company’s stock valued at $253,000 after buying an additional 960 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of JinkoSolar by 15.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 8,800 shares of the semiconductor company’s stock valued at $236,000 after acquiring an additional 1,200 shares during the period. Green Alpha Advisors LLC lifted its position in shares of JinkoSolar by 2.1% during the 3rd quarter. Green Alpha Advisors LLC now owns 71,548 shares of the semiconductor company’s stock valued at $1,919,000 after acquiring an additional 1,497 shares during the period. Finally, SG Americas Securities LLC boosted its stake in shares of JinkoSolar by 16.0% during the 2nd quarter. SG Americas Securities LLC now owns 21,321 shares of the semiconductor company’s stock worth $442,000 after acquiring an additional 2,939 shares in the last quarter. Institutional investors and hedge funds own 35.82% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on JKS shares. Jefferies Financial Group raised their price objective on JinkoSolar from $36.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Roth Mkm dropped their price target on JinkoSolar from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. The Goldman Sachs Group decreased their price objective on shares of JinkoSolar from $21.00 to $18.00 and set a “sell” rating on the stock in a research report on Tuesday, September 3rd. Finally, StockNews.com upgraded shares of JinkoSolar from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $31.33.

JinkoSolar Stock Up 0.2 %

JKS opened at $28.76 on Wednesday. The firm has a market cap of $1.53 billion, a P/E ratio of 48.75 and a beta of 0.35. The business’s fifty day simple moving average is $23.96 and its 200 day simple moving average is $22.40. JinkoSolar Holding Co., Ltd. has a 52 week low of $16.70 and a 52 week high of $38.37. The company has a quick ratio of 0.97, a current ratio of 1.22 and a debt-to-equity ratio of 0.81.

JinkoSolar Company 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.