Kraton Corp (NYSE:KRA) Sees Large Increase in Short Interest

Kraton Corp (NYSE:KRA) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 750,000 shares, a growth of 12.4% from the July 31st total of 667,500 shares. Approximately 2.4% of the company’s stock are short sold. Based on an average daily trading volume, of 202,100 shares, the short-interest ratio is presently 3.7 days.

A number of brokerages recently commented on KRA. SunTrust Banks set a $33.00 price target on Kraton and gave the company a “hold” rating in a report on Monday, July 15th. ValuEngine raised Kraton from a “strong sell” rating to a “sell” rating in a report on Thursday. Finally, Zacks Investment Research downgraded Kraton from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $29.67.

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



A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Susquehanna International Group LLP raised its stake in Kraton by 750.1% during the second quarter. Susquehanna International Group LLP now owns 11,901 shares of the specialty chemicals company’s stock valued at $370,000 after buying an additional 10,501 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in Kraton during the second quarter valued at approximately $6,166,000. UBS Asset Management Americas Inc. raised its stake in Kraton by 10.1% during the second quarter. UBS Asset Management Americas Inc. now owns 20,403 shares of the specialty chemicals company’s stock valued at $634,000 after buying an additional 1,874 shares in the last quarter. Jefferies Group LLC acquired a new stake in Kraton during the second quarter valued at approximately $931,000. Finally, Morgan Stanley raised its stake in Kraton by 94.4% during the second quarter. Morgan Stanley now owns 298,618 shares of the specialty chemicals company’s stock valued at $9,278,000 after buying an additional 145,015 shares in the last quarter. Hedge funds and other institutional investors own 95.76% of the company’s stock.

NYSE KRA traded up $0.24 on Friday, hitting $34.30. 149,695 shares of the stock traded hands, compared to its average volume of 219,206. The stock has a 50-day moving average of $28.59 and a 200 day moving average of $30.45. Kraton has a twelve month low of $19.13 and a twelve month high of $50.20. The company has a market capitalization of $1.10 billion, a P/E ratio of 10.85 and a beta of 2.38. The company has a current ratio of 1.89, a quick ratio of 0.82 and a debt-to-equity ratio of 1.85.

Kraton (NYSE:KRA) last announced its quarterly earnings data on Wednesday, July 24th. The specialty chemicals company reported $1.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.49. Kraton had a return on equity of 17.62% and a net margin of 5.92%. The firm had revenue of $495.28 million for the quarter, compared to analysts’ expectations of $539.35 million. During the same quarter in the prior year, the firm posted $0.88 earnings per share. Kraton’s revenue for the quarter was down 8.0% compared to the same quarter last year. As a group, equities research analysts expect that Kraton will post 4.26 earnings per share for the current year.

Kraton Company 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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