Fmr LLC Invests $154,000 in JA Solar Holdings, Co., Ltd. (JASO)

Fmr LLC bought a new stake in JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) during the first quarter, Holdings Channel reports. The institutional investor bought 23,500 shares of the solar energy provider’s stock, valued at approximately $154,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp increased its position in shares of JA Solar Holdings, Co. by 6.3% in the first quarter. Van ECK Associates Corp now owns 38,041 shares of the solar energy provider’s stock valued at $249,000 after buying an additional 2,248 shares during the last quarter. ClariVest Asset Management LLC increased its position in shares of JA Solar Holdings, Co. by 5.4% in the first quarter. ClariVest Asset Management LLC now owns 35,812 shares of the solar energy provider’s stock valued at $234,000 after buying an additional 1,838 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of JA Solar Holdings, Co. during the first quarter valued at approximately $158,000. Airain ltd acquired a new position in shares of JA Solar Holdings, Co. during the first quarter valued at approximately $307,000. Finally, Parametric Portfolio Associates LLC acquired a new position in shares of JA Solar Holdings, Co. during the first quarter valued at approximately $622,000. 25.12% of the stock is currently owned by institutional investors and hedge funds.

JA Solar Holdings, Co., Ltd. (JASO) traded up 0.16% on Friday, reaching $6.10. The company’s stock had a trading volume of 38,365 shares. The firm’s 50 day moving average is $6.30 and its 200-day moving average is $6.07. The firm has a market cap of $285.83 million, a P/E ratio of 3.57 and a beta of 1.34. JA Solar Holdings, Co., Ltd. has a 12 month low of $4.42 and a 12 month high of $7.88.

JA Solar Holdings, Co. (NASDAQ:JASO) last posted its earnings results on Wednesday, May 24th. The solar energy provider reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.05. The firm had revenue of $536.40 million for the quarter, compared to analysts’ expectations of $490.84 million. JA Solar Holdings, Co. had a net margin of 3.41% and a return on equity of 7.73%. The company’s revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 earnings per share. On average, equities research analysts anticipate that JA Solar Holdings, Co., Ltd. will post $0.02 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Fmr LLC Invests $154,000 in JA Solar Holdings, Co., Ltd. (JASO)” was published by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.com-unik.info/2017/08/11/fmr-llc-invests-154000-in-ja-solar-holdings-co-ltd-jaso.html.

Several brokerages have recently commented on JASO. Axiom Securities reissued a “hold” rating on shares of JA Solar Holdings, Co. in a report on Thursday. Zacks Investment Research raised JA Solar Holdings, Co. from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. BidaskClub downgraded JA Solar Holdings, Co. from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Roth Capital set a $7.00 price objective on JA Solar Holdings, Co. and gave the stock a “hold” rating in a report on Wednesday, May 24th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $6.67.

JA Solar Holdings, Co. Company Profile

JA Solar Holdings Co, Ltd. is a holding company. The Company designs, develops, manufactures and sells solar power products that convert sunlight into electricity for a range of uses. The Company is engaged in manufacturing and selling solar modules, as well as silicon wafer manufacturing. The Company operates through two segments, including manufacturing and solar projects.

Want to see what other hedge funds are holding JASO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JA Solar Holdings, Co., Ltd. (NASDAQ:JASO).

Institutional Ownership by Quarter for JA Solar Holdings, Co. (NASDAQ:JASO)

What are top analysts saying about JA Solar Holdings Co. Ltd.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for JA Solar Holdings Co. Ltd. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit