Mitsubishi UFJ Asset Management Co. Ltd. Purchases 3,608 Shares of JinkoSolar Holding Company Limited $JKS

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of JinkoSolar Holding Company Limited (NYSE:JKS) by 18.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,449 shares of the semiconductor company’s stock after buying an additional 3,608 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in JinkoSolar were worth $498,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of JKS. Banque Cantonale Vaudoise purchased a new position in shares of JinkoSolar during the first quarter worth approximately $36,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of JinkoSolar by 502.4% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 5,470 shares of the semiconductor company’s stock valued at $102,000 after purchasing an additional 4,562 shares during the last quarter. Harvest Portfolios Group Inc. bought a new position in shares of JinkoSolar during the 1st quarter valued at $269,000. Quantbot Technologies LP purchased a new position in JinkoSolar in the 1st quarter worth $579,000. Finally, Nuveen LLC bought a new stake in JinkoSolar in the first quarter worth $598,000. Hedge funds and other institutional investors own 35.82% of the company’s stock.

JinkoSolar Stock Up 2.3%

NYSE JKS opened at $26.93 on Friday. The business’s 50-day moving average is $24.71 and its 200 day moving average is $22.40. The stock has a market capitalization of $1.39 billion, a PE ratio of -5.36 and a beta of 0.60. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.07. JinkoSolar Holding Company Limited has a 1 year low of $13.42 and a 1 year high of $29.98.

Analyst Ratings Changes

A number of research analysts have recently issued reports on JKS shares. The Goldman Sachs Group raised their price objective on JinkoSolar from $15.00 to $18.00 and gave the company a “sell” rating in a research note on Wednesday, October 8th. Weiss Ratings restated a “sell (d)” rating on shares of JinkoSolar in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded JinkoSolar from a “sell” rating to a “hold” rating in a research report on Saturday, October 11th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Strong Sell” and an average target price of $28.99.

JinkoSolar 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.