Teachers Retirement System of The State of Kentucky Maintains Position in Kraton Corporation (KRA)
Teachers Retirement System of The State of Kentucky held its stake in shares of Kraton Corporation (NYSE:KRA) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,100 shares of the specialty chemicals company’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in Kraton Corporation were worth $281,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. First Trust Advisors LP increased its stake in Kraton Corporation by 10.8% in the first quarter. First Trust Advisors LP now owns 69,026 shares of the specialty chemicals company’s stock worth $2,134,000 after buying an additional 6,702 shares during the last quarter. LSV Asset Management increased its stake in Kraton Corporation by 64.5% in the first quarter. LSV Asset Management now owns 420,587 shares of the specialty chemicals company’s stock worth $13,004,000 after buying an additional 164,864 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in Kraton Corporation by 2.8% in the first quarter. Great West Life Assurance Co. Can now owns 43,277 shares of the specialty chemicals company’s stock worth $1,338,000 after buying an additional 1,182 shares during the last quarter. Rubric Capital Management LP increased its stake in Kraton Corporation by 187.5% in the first quarter. Rubric Capital Management LP now owns 575,000 shares of the specialty chemicals company’s stock worth $17,779,000 after buying an additional 375,000 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in Kraton Corporation during the first quarter worth approximately $710,000. Institutional investors and hedge funds own 97.54% of the company’s stock.
Kraton Corporation (NYSE KRA) traded down 2.96% during midday trading on Thursday, hitting $34.13. 67,268 shares of the stock were exchanged. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 24.50 and a beta of 1.23. Kraton Corporation has a one year low of $24.95 and a one year high of $37.50. The company has a 50 day moving average price of $34.69 and a 200 day moving average price of $31.51.
Kraton Corporation (NYSE:KRA) last released its quarterly earnings data on Wednesday, July 26th. The specialty chemicals company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.24. The business had revenue of $525.30 million for the quarter, compared to analyst estimates of $506.58 million. Kraton Corporation had a net margin of 2.36% and a return on equity of 9.52%. Kraton Corporation’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.63 EPS. Equities analysts anticipate that Kraton Corporation will post $2.28 EPS for the current year.
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A number of research firms recently commented on KRA. Zacks Investment Research upgraded shares of Kraton Corporation from a “hold” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a report on Tuesday, August 1st. BidaskClub upgraded shares of Kraton Corporation from a “hold” rating to a “buy” rating in a report on Monday, July 31st. UBS AG reiterated a “sell” rating and issued a $26.00 target price (up from $24.00) on shares of Kraton Corporation in a report on Friday, April 28th. Finally, TheStreet upgraded shares of Kraton Corporation from a “c+” rating to a “b-” rating in a report on Thursday, April 27th.
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 transaction of $156,516.12. Following the sale, the senior vice president now directly owns 25,695 shares in the company, 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.
Kraton Corporation Company Profile
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.
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