Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) by 41.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,694 shares of the semiconductor company’s stock after selling 2,600 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in JinkoSolar were worth $80,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Hanson & Doremus Investment Management bought a new position in JinkoSolar in the 1st quarter worth $30,000. CENTRAL TRUST Co increased its stake in JinkoSolar by 125.6% in the first quarter. CENTRAL TRUST Co now owns 2,497 shares of the semiconductor company’s stock valued at $45,000 after acquiring an additional 1,390 shares during the period. Two Sigma Advisers LP bought a new stake in JinkoSolar in the fourth quarter valued at about $157,000. SG Americas Securities LLC bought a new stake in JinkoSolar in the first quarter valued at about $172,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in JinkoSolar by 5,868.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 11,341 shares of the semiconductor company’s stock valued at $204,000 after acquiring an additional 11,151 shares during the period. 48.11% of the stock is owned by institutional investors.

JKS has been the topic of a number of analyst reports. Roth Capital set a $24.00 target price on shares of JinkoSolar and gave the company a “buy” rating in a research note on Monday, May 20th. ValuEngine raised shares of JinkoSolar from a “sell” rating to a “hold” rating in a research note on Tuesday, May 28th. UBS Group cut shares of JinkoSolar from a “buy” rating to a “neutral” rating and upped their target price for the company from $22.00 to $25.00 in a research note on Monday, June 17th. Zacks Investment Research cut shares of JinkoSolar from a “buy” rating to a “sell” rating in a research note on Saturday, July 20th. Finally, Credit Suisse Group boosted their price target on shares of JinkoSolar from $16.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, July 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $19.00.

NYSE:JKS traded down $0.41 on Thursday, reaching $19.42. The stock had a trading volume of 27,297 shares, compared to its average volume of 589,319. The company has a market capitalization of $581.64 million, a P/E ratio of 12.76, a price-to-earnings-growth ratio of 0.35 and a beta of 2.01. JinkoSolar Holding Co., Ltd. has a 1-year low of $7.11 and a 1-year high of $24.84. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.29. The stock has a fifty day moving average price of $20.29 and a 200-day moving average price of $19.57.

JinkoSolar (NYSE:JKS) last released its quarterly earnings results on Friday, June 28th. The semiconductor company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.08). The firm had revenue of $845.90 million during the quarter, compared to analyst estimates of $976.85 million. JinkoSolar had a net margin of 1.68% and a return on equity of 5.35%. JinkoSolar’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.05 earnings per share. Sell-side analysts predict that JinkoSolar Holding Co., Ltd. will post 2.79 earnings per share for the current fiscal year.

About JinkoSolar

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products in the People's Republic of China and internationally. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots.

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Institutional Ownership by Quarter for JinkoSolar (NYSE:JKS)

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