Hussman Strategic Advisors Inc. Takes Position in JinkoSolar Holding Company Limited $JKS

Hussman Strategic Advisors Inc. bought a new position in shares of JinkoSolar Holding Company Limited (NYSE:JKS) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 42,000 shares of the semiconductor company’s stock, valued at approximately $1,009,000. Hussman Strategic Advisors Inc. owned 0.08% of JinkoSolar at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new stake in JinkoSolar in the 2nd quarter worth $1,160,000. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of JinkoSolar during the third quarter worth about $1,162,000. SG Americas Securities LLC raised its position in shares of JinkoSolar by 63.0% during the 3rd quarter. SG Americas Securities LLC now owns 66,997 shares of the semiconductor company’s stock worth $1,610,000 after purchasing an additional 25,903 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in JinkoSolar by 51.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 33,900 shares of the semiconductor company’s stock valued at $719,000 after buying an additional 11,500 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in JinkoSolar by 7,759.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 11,082 shares of the semiconductor company’s stock worth $235,000 after buying an additional 10,941 shares during the last quarter. Institutional investors and hedge funds own 35.82% of the company’s stock.

JinkoSolar Trading Down 2.2%

Shares of JKS opened at $27.24 on Thursday. JinkoSolar Holding Company Limited has a 12-month low of $13.42 and a 12-month high of $31.88. The firm has a market capitalization of $1.41 billion, a P/E ratio of -2.98 and a beta of 0.52. The firm has a 50-day moving average price of $26.84 and a 200 day moving average price of $25.07. The company has a current ratio of 1.30, a quick ratio of 1.02 and a debt-to-equity ratio of 1.07.

JinkoSolar (NYSE:JKS) last posted its earnings results on Monday, November 17th. The semiconductor company reported ($2.30) earnings per share for the quarter, beating the consensus estimate of ($2.56) by $0.26. The company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.72 billion. JinkoSolar had a negative net margin of 4.98% and a negative return on equity of 8.96%. Sell-side analysts forecast that JinkoSolar Holding Company Limited will post -0.24 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on JKS shares. Roth Mkm boosted their price target on JinkoSolar from $17.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 21st. Wall Street Zen cut shares of JinkoSolar from a “hold” rating to a “sell” rating in a research report on Friday, January 23rd. Weiss Ratings reissued a “hold (c-)” rating on shares of JinkoSolar in a research note on Wednesday, December 24th. UBS Group reaffirmed a “neutral” rating on shares of JinkoSolar in a research note on Friday, November 28th. Finally, The Goldman Sachs Group raised their target price on shares of JinkoSolar from $18.00 to $20.00 and gave the stock a “sell” rating in a research note on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, JinkoSolar currently has an average rating of “Hold” and a consensus price target of $22.33.

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.