Calamos Advisors LLC Acquires Shares of 42,400 JinkoSolar Holding Company Limited (JKS)

Calamos Advisors LLC acquired a new stake in JinkoSolar Holding Company Limited (NYSE:JKS) during the fourth quarter, Holdings Channel reports. The firm acquired 42,400 shares of the company’s stock, valued at approximately $646,000. Calamos Advisors LLC owned about 0.13% of JinkoSolar Holding Company Limited as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp raised its position in shares of JinkoSolar Holding Company Limited by 5.4% in the second quarter. Bank of New York Mellon Corp now owns 10,972 shares of the company’s stock valued at $224,000 after buying an additional 562 shares during the last quarter. KBC Group NV raised its position in shares of JinkoSolar Holding Company Limited by 32.9% in the third quarter. KBC Group NV now owns 8,814 shares of the company’s stock valued at $139,000 after buying an additional 2,180 shares during the last quarter. Profund Advisors LLC raised its position in shares of JinkoSolar Holding Company Limited by 11.3% in the third quarter. Profund Advisors LLC now owns 31,120 shares of the company’s stock valued at $492,000 after buying an additional 3,170 shares during the last quarter. Guinness Asset Management Ltd raised its position in shares of JinkoSolar Holding Company Limited by 45.9% in the third quarter. Guinness Asset Management Ltd now owns 12,390 shares of the company’s stock valued at $196,000 after buying an additional 3,900 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in shares of JinkoSolar Holding Company Limited by 102.5% in the second quarter. Public Employees Retirement System of Ohio now owns 8,100 shares of the company’s stock valued at $165,000 after buying an additional 4,100 shares during the last quarter. 18.21% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for JinkoSolar Holding Company Limited (NYSE:JKS)

JinkoSolar Holding Company Limited (NYSE:JKS) traded up 3.13% during trading on Monday, hitting $15.49. The company had a trading volume of 279,786 shares. The company has a market cap of $489.28 million, a PE ratio of 2.81 and a beta of 2.03. The company’s 50 day moving average price is $15.20 and its 200-day moving average price is $16.19. JinkoSolar Holding Company Limited has a 12 month low of $12.72 and a 12 month high of $24.93.

JinkoSolar Holding Company Limited (NYSE:JKS) last announced its quarterly earnings results on Wednesday, November 16th. The company reported $1.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.76. JinkoSolar Holding Company Limited had a net margin of 5.28% and a return on equity of 33.72%. The company had revenue of $855.30 million for the quarter, compared to analyst estimates of $749.37 million. During the same quarter in the prior year, the business posted $1.04 EPS. JinkoSolar Holding Company Limited’s quarterly revenue was up 34.1% on a year-over-year basis. Equities analysts expect that JinkoSolar Holding Company Limited will post $4.19 earnings per share for the current year.

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Several brokerages have issued reports on JKS. Craig Hallum began coverage on JinkoSolar Holding Company Limited in a report on Tuesday, November 8th. They set a “buy” rating and a $36.00 price objective on the stock. Credit Suisse Group reissued a “buy” rating and set a $20.00 price target on shares of JinkoSolar Holding Company Limited in a report on Monday, November 21st. Finally, Zacks Investment Research raised JinkoSolar Holding Company Limited from a “sell” rating to a “hold” rating in a report on Tuesday, January 17th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. JinkoSolar Holding Company Limited has a consensus rating of “Buy” and an average price target of $25.95.

JinkoSolar Holding Company Limited Company Profile

JinkoSolar Holding Co, Ltd. operates in the photovoltaic (PV) industry. The Company has built a vertically integrated solar power product value chain, from recovering silicon materials to manufacturing solar modules and solar power generation. The Company’s segments include the manufacturing segment and the solar power projects segment.

5 Day Chart for NYSE:JKS

Want to see what other hedge funds are holding JKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JinkoSolar Holding Company Limited (NYSE:JKS).

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