Kraton Corp (KRA) Holdings Boosted by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC grew its stake in shares of Kraton Corp (NYSE:KRA) by 1.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,745,924 shares of the specialty chemicals company’s stock after buying an additional 45,536 shares during the period. Kraton makes up 0.8% of Frontier Capital Management Co. LLC’s portfolio, making the stock its 22nd biggest position. Frontier Capital Management Co. LLC owned approximately 8.59% of Kraton worth $129,470,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. American Century Companies Inc. boosted its holdings in Kraton by 47.4% during the second quarter. American Century Companies Inc. now owns 215,569 shares of the specialty chemicals company’s stock worth $9,946,000 after buying an additional 69,301 shares during the last quarter. ClariVest Asset Management LLC boosted its holdings in Kraton by 8.9% during the second quarter. ClariVest Asset Management LLC now owns 30,563 shares of the specialty chemicals company’s stock worth $1,410,000 after buying an additional 2,500 shares during the last quarter. BlackRock Inc. boosted its holdings in Kraton by 8.5% during the second quarter. BlackRock Inc. now owns 4,358,381 shares of the specialty chemicals company’s stock worth $201,097,000 after buying an additional 341,081 shares during the last quarter. Mackay Shields LLC boosted its holdings in Kraton by 65.5% during the second quarter. Mackay Shields LLC now owns 71,500 shares of the specialty chemicals company’s stock worth $3,299,000 after buying an additional 28,300 shares during the last quarter. Finally, James Investment Research Inc. boosted its holdings in Kraton by 1.9% during the second quarter. James Investment Research Inc. now owns 62,820 shares of the specialty chemicals company’s stock worth $2,899,000 after buying an additional 1,185 shares during the last quarter. Hedge funds and other institutional investors own 96.85% of the company’s stock.

In related news, CFO Stephen E. Tremblay sold 9,174 shares of Kraton stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $49.50, for a total value of $454,113.00. Following the sale, the chief financial officer now owns 98,498 shares of the company’s stock, valued at approximately $4,875,651. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Stephen E. Tremblay sold 13,085 shares of Kraton stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $49.50, for a total value of $647,707.50. Following the completion of the sale, the insider now directly owns 102,409 shares in the company, valued at approximately $5,069,245.50. The disclosure for this sale can be found here. Insiders have sold a total of 50,007 shares of company stock worth $2,489,221 in the last quarter. 3.70% of the stock is currently owned by company insiders.



KRA has been the topic of several recent analyst reports. UBS Group lifted their price objective on Kraton from $38.00 to $39.00 and gave the company a “sell” rating in a report on Thursday, July 26th. ValuEngine cut Kraton from a “buy” rating to a “hold” rating in a report on Monday, August 13th. Loop Capital set a $76.00 price objective on Kraton and gave the company a “buy” rating in a report on Wednesday, August 15th. Zacks Investment Research cut Kraton from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. Finally, SunTrust Banks cut Kraton from a “buy” rating to a “hold” rating in a report on Friday. Three analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. Kraton has a consensus rating of “Hold” and an average target price of $57.50.

Shares of NYSE:KRA traded up $0.73 during trading on Tuesday, hitting $27.83. 23,978 shares of the company’s stock traded hands, compared to its average volume of 267,124. Kraton Corp has a 52 week low of $26.72 and a 52 week high of $53.99. The company has a debt-to-equity ratio of 2.11, a current ratio of 2.33 and a quick ratio of 1.04. The stock has a market capitalization of $869.87 million, a PE ratio of 9.76 and a beta of 1.27.

Kraton (NYSE:KRA) last released its quarterly earnings data on Wednesday, October 24th. The specialty chemicals company reported $1.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.21 by ($0.19). Kraton had a net margin of 5.87% and a return on equity of 14.83%. The business had revenue of $523.11 million for the quarter, compared to the consensus estimate of $528.00 million. On average, research analysts expect that Kraton Corp will post 3.64 earnings per share for the current year.

Kraton Profile

Kraton Corporation manufactures and sells styrenic block copolymers and other engineered polymers in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, Polymer and Chemical. The Polymer segment offers performance products, including styrene-butadiene-styrene and styrene-isoprene-styrene; and specialty polymers, such as hydrogenated styrenic block copolymers, as well as isoprene rubber and isoprene rubber latex for use in medical and personal care products, adhesives, tackifiers, paints, and coatings.

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Institutional Ownership by Quarter for Kraton (NYSE:KRA)

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