Cornerstone Investment Partners LLC Buys New Shares in JinkoSolar Holding Co., Ltd. (NYSE:JKS)

Cornerstone Investment Partners LLC bought a new stake in shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) during the 4th quarter, HoldingsChannel.com reports. The fund bought 9,273 shares of the semiconductor company’s stock, valued at approximately $231,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC grew its holdings in shares of JinkoSolar by 30.2% during the 3rd quarter. Barclays PLC now owns 2,318 shares of the semiconductor company’s stock valued at $62,000 after purchasing an additional 537 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of JinkoSolar during the 4th quarter valued at $119,000. New York State Common Retirement Fund bought a new position in shares of JinkoSolar during the 4th quarter valued at $132,000. Banque Cantonale Vaudoise grew its holdings in shares of JinkoSolar by 198.1% during the 3rd quarter. Banque Cantonale Vaudoise now owns 7,923 shares of the semiconductor company’s stock valued at $212,000 after purchasing an additional 5,265 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in shares of JinkoSolar by 15.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 8,800 shares of the semiconductor company’s stock valued at $236,000 after purchasing an additional 1,200 shares during the last quarter. Institutional investors own 35.82% of the company’s stock.

JinkoSolar Trading Down 6.3 %

Shares of NYSE JKS opened at $21.12 on Tuesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.22 and a quick ratio of 0.97. The stock has a market cap of $1.12 billion, a P/E ratio of 35.80 and a beta of 0.27. JinkoSolar Holding Co., Ltd. has a 1 year low of $16.70 and a 1 year high of $37.36. The firm has a 50-day moving average of $22.97 and a 200 day moving average of $22.74.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on JKS shares. Glj Research cut their price target on shares of JinkoSolar from $13.08 to $10.95 and set a “sell” rating on the stock in a report on Thursday, January 23rd. Daiwa Capital Markets lowered shares of JinkoSolar from an “underperform” rating to a “sell” rating in a report on Friday, January 10th. Finally, Jefferies Financial Group lifted their target price on shares of JinkoSolar from $36.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, JinkoSolar currently has an average rating of “Hold” and an average price target of $28.79.

JinkoSolar Company Profile

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.