Kraton Performance Polymers Inc. (KRA) Sees Strong Trading Volume
Kraton Performance Polymers Inc. (NYSE:KRA) shares saw unusually-high trading volume on Thursday . Approximately 657,745 shares were traded during mid-day trading, an increase of 41% from the previous session’s volume of 466,916 shares.The stock last traded at $33.08 and had previously closed at $32.22.
KRA has been the subject of several recent analyst reports. Zacks Investment Research raised Kraton Performance Polymers from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Wednesday, April 27th. TheStreet raised Kraton Performance Polymers from a “sell” rating to a “buy” rating in a report on Wednesday, April 27th.
The stock has a market capitalization of $922.81 million and a PE ratio of 9.27. The stock has a 50-day moving average of $29.07 and a 200 day moving average of $22.62.
Kraton Performance Polymers (NYSE:KRA) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by $0.07. The company earned $454.65 million during the quarter, compared to analysts’ expectations of $445.07 million. The company’s revenue for the quarter was up 77.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.02 EPS. On average, equities analysts anticipate that Kraton Performance Polymers Inc. will post $2.75 EPS for the current year.
In related news, VP Melinda Scissors Conley sold 16,002 shares of the business’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $33.20, for a total value of $531,266.40. Following the sale, the vice president now owns 38,264 shares in the company, valued at approximately $1,270,364.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Several large investors have recently bought and sold shares of KRA. Weber Alan W increased its stake in 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. Cornerstone Capital Management Holdings LLC. increased its stake in shares of Kraton Performance Polymers by 76.1% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 130,822 shares of the company’s stock valued at $2,173,000 after buying an additional 56,522 shares during the period. Finally, Russell Frank Co increased its stake in shares of Kraton Performance Polymers by 41.0% in the fourth quarter. Russell Frank Co now owns 63,215 shares of the company’s stock valued at $1,070,000 after buying an additional 18,366 shares during the period.
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. It operates through the manufacturing and marketing of engineered polymers segment.
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