Quantitative Investment Management LLC Acquires 39,900 Shares of Kraton Corporation (KRA)
Quantitative Investment Management LLC increased its holdings in Kraton Corporation (NYSE:KRA) by 93.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,500 shares of the specialty chemicals company’s stock after buying an additional 39,900 shares during the period. Quantitative Investment Management LLC owned about 0.26% of Kraton Corporation worth $2,841,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. US Bancorp DE raised its stake in Kraton Corporation by 99.0% in the first quarter. US Bancorp DE now owns 3,806 shares of the specialty chemicals company’s stock worth $118,000 after buying an additional 1,893 shares in the last quarter. LS Investment Advisors LLC raised its stake in Kraton Corporation by 279.4% in the first quarter. LS Investment Advisors LLC now owns 4,128 shares of the specialty chemicals company’s stock worth $128,000 after buying an additional 3,040 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Kraton Corporation by 80.4% in the second quarter. State of Alaska Department of Revenue now owns 6,152 shares of the specialty chemicals company’s stock worth $211,000 after buying an additional 2,742 shares in the last quarter. Aperio Group LLC bought a new position in Kraton Corporation in the second quarter worth approximately $226,000. Finally, Mason Street Advisors LLC raised its stake in Kraton Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 7,229 shares of the specialty chemicals company’s stock worth $224,000 after buying an additional 473 shares in the last quarter. 97.75% of the stock is owned by institutional investors.
A number of brokerages recently commented on KRA. KeyCorp reissued a “hold” rating on shares of Kraton Corporation in a research note on Friday, September 1st. BidaskClub raised shares of Kraton Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Zacks Investment Research raised Kraton Corporation from a “hold” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a research report on Tuesday, August 1st. Finally, UBS AG reaffirmed a “sell” rating and set a $27.00 price target (up from $26.00) on shares of Kraton Corporation in a research report on Sunday, June 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $34.50.
Kraton Corporation (NYSE:KRA) opened at 36.41 on Thursday. Kraton Corporation has a 12 month low of $24.95 and a 12 month high of $37.50. The stock’s 50 day moving average price is $33.92 and its 200-day moving average price is $32.76. The firm has a market capitalization of $1.14 billion, a P/E ratio of 26.14 and a beta of 1.28.
Kraton Corporation (NYSE:KRA) last issued its quarterly earnings results on Wednesday, July 26th. The specialty chemicals company reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.24. Kraton Corporation had a net margin of 2.36% and a return on equity of 9.52%. The company had revenue of $525.30 million during the quarter, compared to analysts’ expectations of $506.58 million. During the same quarter last year, the company posted $0.63 EPS. The firm’s revenue was up 15.6% compared to the same quarter last year. Equities analysts forecast that Kraton Corporation will post $2.31 earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: “Quantitative Investment Management LLC Acquires 39,900 Shares of Kraton Corporation (KRA)” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/09/28/quantitative-investment-management-llc-acquires-39900-shares-of-kraton-corporation-kra.html.
In other Kraton Corporation news, SVP James Leo Simmons sold 4,252 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $36.81, for a total value of $156,516.12. Following the completion of the transaction, the senior vice president now owns 25,695 shares of the company’s stock, valued at approximately $945,832.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.01% of the company’s stock.
About Kraton Corporation
Kraton Corporation, formerly Kraton Performance Polymers, Inc, is a specialty chemicals company. The Company manufactures styrenic block copolymers (SBCs) and other engineered polymers. The Company also produces specialty products primarily derived from pine wood pulping co-products. The Company operates through two segments: Polymer Segment, which comprises SBCs and other engineered polymers business, and Chemical Segment, which comprises pine-based specialty products business.
Receive News & Stock Ratings for Kraton Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraton Corporation and related stocks with our FREE daily email newsletter.