Kraton Performance Polymers Inc. (KRA) Sees Large Volume Increase
Kraton Performance Polymers Inc. (NYSE:KRA) shares saw unusually-high trading volume on Wednesday . Approximately 738,031 shares traded hands during mid-day trading, an increase of 2% from the previous session’s volume of 722,285 shares.The stock last traded at $32.06 and had previously closed at $32.14.
KRA has been the subject of several analyst reports. Zacks Investment Research upgraded Kraton Performance Polymers from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Wednesday, April 27th. TheStreet upgraded Kraton Performance Polymers from a “sell” rating to a “buy” rating in a report on Wednesday, April 27th.
The company has a 50-day moving average of $29.52 and a 200 day moving average of $23.10. The firm has a market cap of $980.82 million and a P/E ratio of 9.86.
Kraton Performance Polymers (NYSE:KRA) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by $0.07. The business earned $454.65 million during the quarter, compared to the consensus estimate of $445.07 million. During the same period in the prior year, the business earned $0.02 EPS. Kraton Performance Polymers’s quarterly revenue was up 77.7% on a year-over-year basis. On average, analysts anticipate that Kraton Performance Polymers Inc. will post $2.75 earnings per share for the current year.
In other Kraton Performance Polymers news, VP Melinda Scissors Conley sold 16,002 shares of the stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $33.20, for a total value of $531,266.40. Following the completion of the sale, the vice president now directly owns 38,264 shares in the company, valued at $1,270,364.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP James Leo Simmons sold 4,500 shares of the stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $31.87, for a total value of $143,415.00. Following the completion of the sale, the vice president now owns 28,104 shares of the company’s stock, valued at $895,674.48. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Kraton Performance Polymers stock. Cornerstone Capital Management Holdings LLC. raised its stake in Kraton Performance Polymers Inc. (NYSE:KRA) by 76.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 130,822 shares of the company’s stock after buying an additional 56,522 shares during the period. Cornerstone Capital Management Holdings LLC. owned approximately 0.43% of Kraton Performance Polymers worth $2,173,000 as of its most recent SEC filing.
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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