AI Squared Management Ltd Makes New $2.34 Million Investment in JinkoSolar Holding Co., Ltd. (NYSE:JKS)

AI Squared Management Ltd bought a new stake in JinkoSolar Holding Co., Ltd. (NYSE:JKS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 93,800 shares of the semiconductor company’s stock, valued at approximately $2,336,000. JinkoSolar comprises about 2.4% of AI Squared Management Ltd’s investment portfolio, making the stock its 13th biggest position. AI Squared Management Ltd owned approximately 0.18% of JinkoSolar at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of JKS. Barclays PLC grew its position in shares of JinkoSolar by 30.2% during the 3rd quarter. Barclays PLC now owns 2,318 shares of the semiconductor company’s stock worth $62,000 after buying an additional 537 shares during the period. SBI Securities Co. Ltd. bought a new position in JinkoSolar in the fourth quarter valued at approximately $119,000. New York State Common Retirement Fund acquired a new position in shares of JinkoSolar in the fourth quarter valued at approximately $132,000. Daiwa Securities Group Inc. raised its holdings in shares of JinkoSolar by 15.8% during the third quarter. Daiwa Securities Group Inc. now owns 8,800 shares of the semiconductor company’s stock worth $236,000 after acquiring an additional 1,200 shares during the period. Finally, Cornerstone Investment Partners LLC bought a new stake in JinkoSolar in the 4th quarter valued at $231,000. 35.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on JKS shares. Jefferies Financial Group increased their target price on JinkoSolar from $36.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Daiwa Capital Markets downgraded shares of JinkoSolar from an “underperform” rating to a “sell” rating in a report on Friday, January 10th. Finally, Glj Research dropped their price objective on shares of JinkoSolar from $13.08 to $10.95 and set a “sell” rating for the company in a research note on Thursday, January 23rd. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, JinkoSolar presently has a consensus rating of “Hold” and a consensus price target of $28.49.

JinkoSolar Stock Performance

NYSE JKS opened at $21.07 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 1.22. JinkoSolar Holding Co., Ltd. has a fifty-two week low of $16.70 and a fifty-two week high of $37.36. The stock has a market cap of $1.12 billion, a PE ratio of 35.71 and a beta of 0.40. The firm’s fifty day moving average price is $21.96 and its two-hundred day moving average price is $23.15.

About JinkoSolar

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.