Goldman Sachs Group Inc. reduced its holdings in shares of JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) by 73.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,574 shares of the solar energy provider’s stock after selling 123,715 shares during the period. Goldman Sachs Group Inc.’s holdings in JA Solar Holdings, Co. were worth $283,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of JASO. FMR LLC bought a new position in JA Solar Holdings, Co. during the first quarter valued at approximately $154,000. Bank of America Corp DE grew its position in JA Solar Holdings, Co. by 10.5% during the first quarter. Bank of America Corp DE now owns 36,557 shares of the solar energy provider’s stock valued at $239,000 after acquiring an additional 3,465 shares during the last quarter. First Trust Advisors LP grew its position in JA Solar Holdings, Co. by 16.5% during the second quarter. First Trust Advisors LP now owns 41,844 shares of the solar energy provider’s stock valued at $266,000 after acquiring an additional 5,939 shares during the last quarter. Bank of Montreal Can bought a new position in JA Solar Holdings, Co. during the second quarter valued at approximately $325,000. Finally, Parametric Portfolio Associates LLC bought a new position in JA Solar Holdings, Co. during the first quarter valued at approximately $622,000. Institutional investors and hedge funds own 23.19% of the company’s stock.

Shares of JA Solar Holdings, Co., Ltd. (JASO) opened at $7.45 on Friday. The firm has a market capitalization of $326.57, a P/E ratio of 5.15 and a beta of 1.26. JA Solar Holdings, Co., Ltd. has a 52 week low of $4.42 and a 52 week high of $8.48. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.85 and a current ratio of 1.08.

JA Solar Holdings, Co. (NASDAQ:JASO) last released its quarterly earnings data on Wednesday, November 15th. The solar energy provider reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06). The company had revenue of $652.60 million for the quarter, compared to analysts’ expectations of $609.78 million. JA Solar Holdings, Co. had a net margin of 2.89% and a return on equity of 7.90%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the company posted $0.13 EPS. sell-side analysts forecast that JA Solar Holdings, Co., Ltd. will post 0.61 EPS for the current year.

JASO has been the subject of a number of analyst reports. Credit Suisse Group set a $7.00 price objective on JA Solar Holdings, Co. and gave the company a “hold” rating in a research note on Tuesday, August 29th. ValuEngine raised JA Solar Holdings, Co. from a “buy” rating to a “strong-buy” rating in a research note on Monday, September 11th. Zacks Investment Research raised JA Solar Holdings, Co. from a “hold” rating to a “buy” rating and set a $7.00 price objective for the company in a research note on Friday, August 25th. Axiom Securities reissued a “sell” rating on shares of JA Solar Holdings, Co. in a research note on Friday, September 8th. Finally, Roth Capital set a $7.00 price objective on JA Solar Holdings, Co. and gave the company a “hold” rating in a research note on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $6.50.

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JA Solar Holdings, Co. Profile

JA Solar Holdings Co, Ltd. is a holding company. The Company designs, develops, manufactures and sells solar power products that convert sunlight into electricity for a range of uses. The Company is engaged in manufacturing and selling solar modules, as well as silicon wafer manufacturing. The Company operates through two segments, including manufacturing and solar projects.

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Institutional Ownership by Quarter for JA Solar Holdings, Co. (NASDAQ:JASO)

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