Kraton Performance Polymers Inc. (NYSE:KRA)’s share price shot up 7.1% during mid-day trading on Friday . The stock traded as high as $29.77 and last traded at $29.72, with a volume of 380,286 shares trading hands. The stock had previously closed at $27.76.

KRA has been the subject of a number of recent research reports. Zacks Investment Research downgraded Kraton Performance Polymers from a “hold” rating to a “sell” rating in a research report on Wednesday, July 13th. TheStreet raised Kraton Performance Polymers from a “sell” rating to a “buy” rating in a research report on Wednesday, April 27th.

The stock has a market capitalization of $922.22 million and a PE ratio of 9.27. The firm has a 50-day moving average price of $28.22 and a 200-day moving average price of $21.62.

Kraton Performance Polymers (NYSE:KRA) last issued its earnings results on Wednesday, July 27th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.70 by $0.07. The company earned $454.65 million during the quarter, compared to the consensus estimate of $445.07 million. Kraton Performance Polymers’s revenue for the quarter was up 77.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.02 EPS. On average, analysts expect that Kraton Performance Polymers Inc. will post $2.82 earnings per share for the current year.

A number of large investors recently modified their holdings of KRA. Weber Alan W boosted its stake in shares of Kraton Performance Polymers by 163.7% in the fourth quarter. Weber Alan W now owns 477,400 shares of the company’s stock valued at $7,930,000 after buying an additional 296,370 shares in the last quarter. Nationwide Fund Advisors boosted its stake in shares of Kraton Performance Polymers by 155.0% in the fourth quarter. Nationwide Fund Advisors now owns 152,024 shares of the company’s stock valued at $2,525,000 after buying an additional 92,412 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Kraton Performance Polymers by 1,288,262.5% in the fourth quarter. Sei Investments Co. now owns 103,069 shares of the company’s stock valued at $1,712,000 after buying an additional 103,061 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of Kraton Performance Polymers by 16.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 169,962 shares of the company’s stock valued at $2,823,000 after buying an additional 24,086 shares in the last quarter. Finally, Lapides Asset Management LLC boosted its stake in shares of Kraton Performance Polymers by 31.3% in the fourth quarter. Lapides Asset Management LLC now owns 352,800 shares of the company’s stock valued at $5,860,000 after buying an additional 84,100 shares in the last quarter.

Kraton Performance Polymers, Inc is a producer of styrenic block copolymers (SBCs) and other engineered polymers. The Company’s products are found in many everyday applications, including personal care products such as disposable diapers and the rubberized grips of toothbrushes, razor blades, and power tools.

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