Kraton (NYSE:KRA) Shares Up 6.2%

Kraton Corp (NYSE:KRA)’s stock price shot up 6.2% on Friday . The company traded as high as $27.72 and last traded at $27.60, 172,929 shares traded hands during trading. A decline of 24% from the average session volume of 226,413 shares. The stock had previously closed at $26.00.

A number of research firms have recently weighed in on KRA. ValuEngine downgraded Kraton from a “sell” rating to a “strong sell” rating in a research report on Thursday, April 25th. Zacks Investment Research upgraded Kraton from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Wednesday, July 31st. SunTrust Banks set a $33.00 target price on Kraton and gave the company a “hold” rating in a research report on Monday, July 15th. Finally, TheStreet cut Kraton from a “b-” rating to a “c” rating in a report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. Kraton currently has a consensus rating of “Hold” and an average price target of $29.67.

The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.82 and a current ratio of 1.89. The company has a market cap of $880.81 million, a price-to-earnings ratio of 8.73 and a beta of 2.31. The business has a fifty day moving average price of $29.78 and a 200 day moving average price of $30.67.



Kraton (NYSE:KRA) last posted its quarterly earnings results on Wednesday, July 24th. The specialty chemicals company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.49. Kraton had a return on equity of 17.62% and a net margin of 5.92%. The company had revenue of $495.28 million during the quarter, compared to analysts’ expectations of $539.35 million. During the same quarter in the previous year, the firm earned $0.88 EPS. Kraton’s revenue was down 8.0% on a year-over-year basis. As a group, equities analysts anticipate that Kraton Corp will post 4.31 EPS for the current year.

In other news, SVP Holger R. Jung sold 13,102 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $30.75, for a total transaction of $402,886.50. Following the completion of the transaction, the senior vice president now owns 43,738 shares of the company’s stock, valued at approximately $1,344,943.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Holger R. Jung sold 6,640 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $31.04, for a total value of $206,105.60. Following the transaction, the senior vice president now directly owns 43,738 shares of the company’s stock, valued at approximately $1,357,627.52. The disclosure for this sale can be found here. 3.32% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Mason Street Advisors LLC increased its holdings in Kraton by 3.3% in the 1st quarter. Mason Street Advisors LLC now owns 10,253 shares of the specialty chemicals company’s stock worth $330,000 after purchasing an additional 329 shares in the last quarter. Arizona State Retirement System increased its holdings in Kraton by 0.8% in the 2nd quarter. Arizona State Retirement System now owns 49,664 shares of the specialty chemicals company’s stock worth $1,543,000 after purchasing an additional 417 shares in the last quarter. Meadow Creek Investment Management LLC increased its holdings in Kraton by 6.2% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 7,168 shares of the specialty chemicals company’s stock worth $223,000 after purchasing an additional 420 shares in the last quarter. Ironwood Investment Management LLC increased its holdings in Kraton by 1.7% in the 1st quarter. Ironwood Investment Management LLC now owns 27,074 shares of the specialty chemicals company’s stock worth $871,000 after purchasing an additional 463 shares in the last quarter. Finally, Glen Harbor Capital Management LLC increased its holdings in Kraton by 6.2% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 8,704 shares of the specialty chemicals company’s stock worth $270,000 after purchasing an additional 510 shares in the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

About Kraton (NYSE:KRA)

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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