Citigroup Inc. Has $5.76 Million Position in JinkoSolar Holding Co., Ltd. (NYSE:JKS)

Citigroup Inc. increased its position in JinkoSolar Holding Co., Ltd. (NYSE:JKS) by 392.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 112,877 shares of the semiconductor company’s stock after purchasing an additional 89,946 shares during the quarter. Citigroup Inc. owned approximately 0.23% of JinkoSolar worth $5,759,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of JKS. Exchange Traded Concepts LLC raised its stake in JinkoSolar by 26.7% in the first quarter. Exchange Traded Concepts LLC now owns 1,528 shares of the semiconductor company’s stock valued at $78,000 after buying an additional 322 shares during the period. Quadrant Capital Group LLC raised its stake in JinkoSolar by 63.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,131 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 441 shares during the period. Seaport Global Advisors LLC boosted its position in JinkoSolar by 33.3% during the fourth quarter. Seaport Global Advisors LLC now owns 1,878 shares of the semiconductor company’s stock worth $77,000 after purchasing an additional 469 shares during the period. abrdn plc increased its holdings in shares of JinkoSolar by 1.7% in the fourth quarter. abrdn plc now owns 29,984 shares of the semiconductor company’s stock valued at $1,226,000 after purchasing an additional 493 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of JinkoSolar by 7.6% in the fourth quarter. Advisors Asset Management Inc. now owns 7,251 shares of the semiconductor company’s stock valued at $296,000 after purchasing an additional 514 shares during the period. 35.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on JKS. StockNews.com started coverage on shares of JinkoSolar in a report on Thursday, August 17th. They set a “hold” rating for the company. The Goldman Sachs Group reduced their price objective on JinkoSolar from $38.00 to $33.00 and set a “sell” rating for the company in a report on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $60.33.

JinkoSolar Price Performance

NYSE:JKS opened at $34.46 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.83 and a current ratio of 1.11. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 4.93 and a beta of 0.81. JinkoSolar Holding Co., Ltd. has a 52 week low of $30.01 and a 52 week high of $63.08. The firm’s 50-day simple moving average is $39.29 and its 200 day simple moving average is $44.65.

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; and develops commercial solar power projects.