Mackenzie Financial Corp Sells 716,030 Shares of JinkoSolar Holding Company Limited $JKS

Mackenzie Financial Corp reduced its holdings in shares of JinkoSolar Holding Company Limited (NYSE:JKS) by 34.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,361,478 shares of the semiconductor company’s stock after selling 716,030 shares during the period. Mackenzie Financial Corp’s holdings in JinkoSolar were worth $32,716,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. SG Americas Securities LLC increased its stake in shares of JinkoSolar by 63.0% during the third quarter. SG Americas Securities LLC now owns 66,997 shares of the semiconductor company’s stock valued at $1,610,000 after purchasing an additional 25,903 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of JinkoSolar during the second quarter valued at approximately $1,160,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of JinkoSolar in the 3rd quarter worth approximately $1,162,000. Hussman Strategic Advisors Inc. purchased a new stake in shares of JinkoSolar in the 3rd quarter worth approximately $1,009,000. Finally, Geode Capital Management LLC grew its stake in shares of JinkoSolar by 9.9% in the 2nd quarter. Geode Capital Management LLC now owns 37,671 shares of the semiconductor company’s stock worth $799,000 after buying an additional 3,394 shares during the last quarter. Institutional investors own 35.82% of the company’s stock.

JinkoSolar Trading Down 0.4%

Shares of NYSE:JKS opened at $25.77 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.30 and a quick ratio of 1.02. JinkoSolar Holding Company Limited has a 1 year low of $13.42 and a 1 year high of $31.88. The company has a market cap of $1.33 billion, a P/E ratio of -2.82 and a beta of 0.55. The stock’s fifty day moving average price is $26.87 and its 200-day moving average price is $25.77.

Analysts Set New Price Targets

JKS has been the subject of a number of analyst reports. UBS Group reaffirmed a “neutral” rating on shares of JinkoSolar in a research report on Friday, November 28th. Wall Street Zen downgraded JinkoSolar from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Weiss Ratings reissued a “hold (c-)” rating on shares of JinkoSolar in a research note on Wednesday, December 24th. Zacks Research lowered JinkoSolar from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Finally, The Goldman Sachs Group upped their price target 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. Four equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, JinkoSolar has a consensus rating of “Reduce” and an average target price 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.