Prudential Financial Inc. cut its stake in JinkoSolar Holding Company Limited (NYSE:JKS) by 58.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,300 shares of the semiconductor company’s stock after selling 41,797 shares during the period. Prudential Financial Inc. owned approximately 0.09% of JinkoSolar Holding Company Limited worth $609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. Sumway Development LTD. purchased a new stake in shares of JinkoSolar Holding Company Limited in the second quarter valued at approximately $3,214,000. BNP Paribas Arbitrage SA grew its position in shares of JinkoSolar Holding Company Limited by 35.7% in the second quarter. BNP Paribas Arbitrage SA now owns 23,097 shares of the semiconductor company’s stock valued at $480,000 after purchasing an additional 6,080 shares in the last quarter. First Trust Advisors LP grew its position in shares of JinkoSolar Holding Company Limited by 511.5% in the second quarter. First Trust Advisors LP now owns 124,208 shares of the semiconductor company’s stock valued at $2,584,000 after purchasing an additional 103,896 shares in the last quarter. J&P China Capital Management CO. Ltd. purchased a new stake in shares of JinkoSolar Holding Company Limited in the second quarter valued at approximately $23,732,000. Finally, Aperio Group LLC purchased a new stake in shares of JinkoSolar Holding Company Limited in the second quarter valued at approximately $205,000. Institutional investors and hedge funds own 20.92% of the company’s stock.

JinkoSolar Holding Company Limited (NYSE JKS) opened at 23.74 on Tuesday. The company has a 50-day moving average price of $26.22 and a 200 day moving average price of $21.89. The stock has a market capitalization of $762.41 million, a price-to-earnings ratio of 23.34 and a beta of 1.89. JinkoSolar Holding Company Limited has a 12 month low of $12.72 and a 12 month high of $30.50.

JinkoSolar Holding Company Limited (NYSE:JKS) last issued its quarterly earnings results on Wednesday, September 6th. The semiconductor company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.49). The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $998.22 million. JinkoSolar Holding Company Limited had a net margin of 5.42% and a return on equity of 7.88%. The company’s revenue was up 30.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.04 earnings per share. Equities analysts predict that JinkoSolar Holding Company Limited will post $0.48 earnings per share for the current year.

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A number of equities research analysts have recently issued reports on the company. ValuEngine lowered JinkoSolar Holding Company Limited from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Axiom Securities reiterated a “buy” rating on shares of JinkoSolar Holding Company Limited in a research report on Saturday, July 22nd. Credit Suisse Group lowered JinkoSolar Holding Company Limited from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $25.00 to $20.00 in a research report on Tuesday, August 22nd. Zacks Investment Research upgraded JinkoSolar Holding Company Limited from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Roth Capital increased their price objective on JinkoSolar Holding Company Limited from $18.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 26th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $20.50.

JinkoSolar Holding Company Limited 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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