California Public Employees Retirement System boosted its position in shares of JinkoSolar Holding Company Limited (NYSE:JKS) by 29.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,900 shares of the semiconductor company’s stock after buying an additional 10,700 shares during the period. California Public Employees Retirement System’s holdings in JinkoSolar Holding Company Limited were worth $777,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC purchased a new position in JinkoSolar Holding Company Limited during the fourth quarter worth $233,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in JinkoSolar Holding Company Limited by 7.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,794 shares of the semiconductor company’s stock worth $195,000 after buying an additional 779 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in JinkoSolar Holding Company Limited by 1,943.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 220,667 shares of the semiconductor company’s stock worth $3,361,000 after buying an additional 209,867 shares during the last quarter. Profund Advisors LLC boosted its position in JinkoSolar Holding Company Limited by 4.6% in the first quarter. Profund Advisors LLC now owns 35,958 shares of the semiconductor company’s stock worth $596,000 after buying an additional 1,569 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in JinkoSolar Holding Company Limited by 12.0% in the first quarter. BNP Paribas Arbitrage SA now owns 17,017 shares of the semiconductor company’s stock worth $282,000 after buying an additional 1,820 shares during the last quarter. 23.66% of the stock is owned by institutional investors.

Shares of JinkoSolar Holding Company Limited (NYSE:JKS) traded up 0.237% during mid-day trading on Thursday, hitting $27.515. 199,351 shares of the stock traded hands. JinkoSolar Holding Company Limited has a 12-month low of $12.72 and a 12-month high of $29.36. The firm has a market cap of $880.40 million, a price-to-earnings ratio of 3.765 and a beta of 2.04. The firm’s 50 day moving average price is $25.14 and its 200 day moving average price is $19.10.

JinkoSolar Holding Company Limited (NYSE:JKS) last announced its quarterly earnings results on Monday, June 5th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.20. The company had revenue of $839.30 million during the quarter, compared to analysts’ expectations of $780.08 million. JinkoSolar Holding Company Limited had a net margin of 6.92% and a return on equity of 12.53%. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.72 EPS. On average, equities research analysts predict that JinkoSolar Holding Company Limited will post $1.52 EPS for the current fiscal year.

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A number of research analysts have weighed in on JKS shares. Zacks Investment Research cut shares of JinkoSolar Holding Company Limited from a “hold” rating to a “sell” rating in a report on Thursday, June 8th. Citigroup Inc. cut shares of JinkoSolar Holding Company Limited from a “neutral” rating to a “sell” rating and cut their price objective for the company from $15.55 to $15.00 in a report on Friday, May 26th. Morgan Stanley cut shares of JinkoSolar Holding Company Limited from an “overweight” rating to an “underweight” rating and cut their price objective for the company from $19.40 to $16.00 in a report on Friday, May 26th. Axiom Securities reaffirmed a “buy” rating on shares of JinkoSolar Holding Company Limited in a report on Saturday, July 22nd. Finally, Credit Suisse Group set a $20.00 price objective on shares of JinkoSolar Holding Company Limited and gave the company a “buy” rating in a report on Tuesday, June 6th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $21.00.

JinkoSolar Holding Company Limited Company Profile

JinkoSolar Holding Co, Ltd. operates in the photovoltaic (PV) industry. The Company has built a vertically integrated solar power product value chain, from recovering silicon materials to manufacturing solar modules and solar power generation. The Company’s segments include the manufacturing segment and the solar power projects segment.

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Institutional Ownership by Quarter for JinkoSolar Holding Company Limited (NYSE:JKS)

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