Frontier Capital Management Co. LLC trimmed its position in shares of Kraton Corp (NYSE:KRA) by 4.7% during the 1st quarter, HoldingsChannel.com reports. The fund owned 2,499,597 shares of the specialty chemicals company’s stock after selling 122,728 shares during the quarter. Frontier Capital Management Co. LLC owned approximately 0.08% of Kraton worth $80,437,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc boosted its holdings in shares of Kraton by 137.0% in the 1st quarter. Versant Capital Management Inc now owns 1,171 shares of the specialty chemicals company’s stock worth $37,000 after acquiring an additional 677 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Kraton by 413.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,360 shares of the specialty chemicals company’s stock worth $52,000 after acquiring an additional 1,900 shares in the last quarter. Quantamental Technologies LLC acquired a new position in shares of Kraton in the 1st quarter worth approximately $102,000. Everence Capital Management Inc. acquired a new position in shares of Kraton in the 1st quarter worth approximately $209,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Kraton by 569.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,194 shares of the specialty chemicals company’s stock worth $232,000 after acquiring an additional 6,120 shares in the last quarter. Hedge funds and other institutional investors own 95.92% of the company’s stock.
Several research analysts have issued reports on KRA shares. ValuEngine downgraded Kraton from a “sell” rating to a “strong sell” rating in a report on Thursday, April 25th. Zacks Investment Research downgraded Kraton from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. TheStreet downgraded Kraton from a “b-” rating to a “c” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. started coverage on Kraton in a report on Tuesday, February 19th. They set a “reduce” rating on the stock. Finally, SunTrust Banks upped their price objective on Kraton to $39.00 and gave the stock a “hold” rating in a report on Friday, March 1st. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $42.60.
In other Kraton news, SVP Jose Fernando Cherubini Haddad sold 6,000 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $33.10, for a total transaction of $198,600.00. Following the completion of the sale, the senior vice president now owns 14,910 shares in the company, valued at approximately $493,521. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.32% of the company’s stock.
Shares of Kraton stock opened at $29.09 on Friday. The firm has a market cap of $932.61 million, a price-to-earnings ratio of 9.21 and a beta of 2.06. Kraton Corp has a 52 week low of $19.13 and a 52 week high of $51.33. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.83 and a quick ratio of 0.78.
Kraton (NYSE:KRA) last issued its earnings results on Wednesday, April 24th. The specialty chemicals company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.65 by $0.23. The company had revenue of $456.40 million during the quarter, compared to analysts’ expectations of $491.65 million. Kraton had a net margin of 2.93% and a return on equity of 15.20%. The business’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS. As a group, sell-side analysts forecast that Kraton Corp will post 3.94 EPS for the current year.
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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