OLD National Bancorp IN continued to hold its position in JA Solar Holdings Co. (NASDAQ:JASO) during the third quarter, Holdings Channel reports. The firm owned 17,600 shares of the company’s stock at the end of the third quarter. OLD National Bancorp IN’s holdings in JA Solar Holdings were worth $106,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jane Street Group LLC boosted its position in JA Solar Holdings by 55.6% in the second quarter. Jane Street Group LLC now owns 18,873 shares of the company’s stock valued at $129,000 after buying an additional 6,746 shares in the last quarter. Guinness Asset Management Ltd boosted its stake in shares of JA Solar Holdings by 1.4% in the third quarter. Guinness Asset Management Ltd now owns 499,548 shares of the company’s stock worth $3,003,000 after buying an additional 7,100 shares during the period. Guinness Atkinson Asset Management Inc boosted its stake in shares of JA Solar Holdings by 7.7% in the third quarter. Guinness Atkinson Asset Management Inc now owns 133,002 shares of the company’s stock worth $799,000 after buying an additional 9,500 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of JA Solar Holdings by 96.1% in the second quarter. Public Employees Retirement System of Ohio now owns 20,200 shares of the company’s stock worth $138,000 after buying an additional 9,900 shares during the period. Finally, Boothbay Fund Management LLC purchased a new stake in shares of JA Solar Holdings during the first quarter worth about $102,000. 31.76% of the stock is owned by institutional investors and hedge funds.
JA Solar Holdings Co. (NASDAQ:JASO) remained flat at $5.55 during mid-day trading on Thursday. The company had a trading volume of 390,300 shares. JA Solar Holdings Co. has a 1-year low of $5.19 and a 1-year high of $10.09. The stock’s 50 day moving average price is $0.00 and its 200-day moving average price is $0.00.
JA Solar Holdings (NASDAQ:JASO) last issued its quarterly earnings data on Thursday, November 17th. The company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.07. The company had revenue of $624.30 million for the quarter, compared to analysts’ expectations of $591.02 million. JA Solar Holdings had a return on equity of 7.74% and a net margin of 3.43%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 earnings per share. On average, equities research analysts expect that JA Solar Holdings Co. will post $0.82 EPS for the current fiscal year.
A number of brokerages recently issued reports on JASO. Axiom Securities cut JA Solar Holdings from a “buy” rating to a “sell” rating in a research report on Friday, November 18th. Credit Suisse Group AG began coverage on JA Solar Holdings in a research report on Monday, November 14th. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $9.62.
About JA Solar Holdings
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.