Mirae Asset Global Investments Co. Ltd. has recently reduced its stake in semiconductor company JinkoSolar Holding Co., Ltd. by 9.1%. The fund owned 70,485 shares of the company’s stock after selling 7,018 shares during the fourth quarter of the fiscal year as per their most recent Form 13F filing with the Securities & Exchange Commission (SEC). Mirae Asset Global Investments Co. Ltd.’s ownership in JinkoSolar is valued at $2,881,000 as of its most current SEC filing. This move followed JinkoSolar’s impressive fourth-quarter earnings report released on March 10th, which showed a revenue generation of $4.41 billion beating the consensus estimate by $0.65 billion.
JinkoSolar had reported EPS of $1.50 for Q4 FY2020, exceeding analysts’ consensus estimates of $1.45 by $0.05, showcasing a return on equity (ROE) of 8.66% and a net margin of 1.51%. Industry experts predict that JinkoSolar will post earnings per share (EPS) amounting to be around 8.34 for this fiscal year.
For investors looking to dip their toes into investing in JKS or those following hedge funds’ holdings carefully, HoldingsChannel.com provides an up-to-date overview of these entities’ positions concerning JinkoSolar and insider trades for the company.
This news demonstrates that Mirae Asset Global Investments Co.’s confidence in JinkoSolar’s future profitability is slightly less than before despite recording excellent results in Q4 FY2020 and indicates possible fluctuations regarding payment metrics like dividends and bonuses or general corporate trajectory as a whole.
In conclusion, these latest developments highlight that monitoring firms’ SEC filings provide clear insight as to whether or not they consider certain investments viable after studying relevant financial information and analyzing market trends for stock prices, which proves to be informative to prospective investors.
Hedge Funds Show Increased Interest in JinkoSolar for Strong Growth Potential in Renewable Energy Industry
JinkoSolar Holding Co. Ltd. continues to attract the attention of prominent hedge funds as they look to strengthen their portfolios in the renewable energy industry. Recent reports indicate that several other hedge funds have either added to or reduced their stakes in JinkoSolar, a leading manufacturer and distributor of solar modules.
Victory Capital Management Inc., for example, has recently purchased new positions in JinkoSolar worth approximately $351,000 during the fourth quarter. Citigroup Inc., on the other hand, grew its position by 13% to now own over 22,931 shares of the company’s stock valued at around $937,000. Another fund, Decade Renewable Partners LP, also purchased a new position in JinkoSolar during the fourth quarter valued at $3.9 million.
Meanwhile, Perseverance Asset Management International has grown its position by a whopping 150%, now owning over 24,385 shares worth close to $997,000 after buying an additional 14,653 shares in the last quarter. UBS Group AG also increased their JinkoSolar stake by 24.9% bringing its total valuation to $2.758 million after acquiring an additional 13,429 shares.
JinkoSolar opened trading at $45.62 on Friday, with a one-year low of $38.43 and high of $76.92 thanks to its strong business fundamentals including Debt-to-equity ratio of .54 along with quick ratios and Current ratios both above standard benchmarks that are widely used as measures of liquidity by investors.
Equities analysts weighed into this development reporting an average rating of Moderate Buy which was drawn from insider trades reports ranging from “Buy” to “Sell”.
The latest increase in investments seems likely due to JinkoSolar holding’s impressive core competency structure founded on dependable solar technology coupled with services ranging from product distribution and sales catering to both residential and commercial customers. The company has managed to make a name for themselves in the market with its solutions and services deemed paramount when considering renewable energy resources.
In conclusion, JinkoSolar seems poised to entice more investors as hedge funds strive to diversify their portfolios with high-growth and environmentally conscious investments. Investors can visit niche channels like HoldingsChannel.com for the latest reports on insider trades as well as the 13F filings around various hedge funds holding positions in JinkoSolar.
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