First Trust Advisors LP Lowers Stake in JA Solar Holdings Co. (JASO)
First Trust Advisors LP reduced its stake in JA Solar Holdings Co. (NASDAQ:JASO) by 1.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,589 shares of the company’s stock after selling 465 shares during the period. First Trust Advisors LP owned 0.08% of JA Solar Holdings worth $271,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. Emerald Acquisition Ltd. bought a new stake in shares of JA Solar Holdings during the second quarter valued at about $4,383,000. Societe Generale bought a new stake in shares of JA Solar Holdings during the second quarter valued at about $2,423,000. Tairen Capital Ltd bought a new stake in shares of JA Solar Holdings during the second quarter valued at about $343,000. Smith Asset Management Group LP boosted its stake in shares of JA Solar Holdings by 87.9% in the second quarter. Smith Asset Management Group LP now owns 37,720 shares of the company’s stock valued at $258,000 after buying an additional 17,650 shares in the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of JA Solar Holdings during the second quarter valued at about $109,000. Institutional investors own 31.68% of the company’s stock.
JA Solar Holdings Co. (NASDAQ:JASO) traded down 2.119% on Monday, reaching $6.235. 101,898 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $6.55 and a 200 day moving average price of $7.45. JA Solar Holdings Co. has a 12-month low of $5.66 and a 12-month high of $10.09. The stock has a market cap of $292.16 million, a price-to-earnings ratio of 3.088 and a beta of 2.05.
JA Solar Holdings (NASDAQ:JASO) last posted its quarterly earnings data on Wednesday, August 17th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.69 by $0.38. The firm had revenue of $619 million for the quarter. JA Solar Holdings had a return on equity of 11.39% and a net margin of 4.85%. During the same period in the previous year, the business posted $0.27 EPS. Analysts forecast that JA Solar Holdings Co. will post $0.82 EPS for the current year.
Several brokerages recently issued reports on JASO. Credit Suisse Group AG set a $9.70 target price on shares of JA Solar Holdings and gave the stock a “hold” rating in a report on Thursday, August 18th. Axiom Securities upgraded shares of JA Solar Holdings from a “sell” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Thursday, October 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. JA Solar Holdings has a consensus rating of “Hold” and an average target price of $9.62.
About JA Solar Holdings
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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