Monarch Partners Asset Management LLC acquired a new position in shares of Kraton Corporation (NYSE:KRA) during the second quarter, Holdings Channel reports. The institutional investor acquired 88,520 shares of the specialty chemicals company’s stock, valued at approximately $3,049,000.

A number of other large investors also recently added to or reduced their stakes in KRA. State of Alaska Department of Revenue increased its stake in Kraton Corporation by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 3,410 shares of the specialty chemicals company’s stock worth $105,000 after buying an additional 70 shares during the last quarter. US Bancorp DE increased 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 during the last quarter. LS Investment Advisors LLC increased 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 during the last quarter. Mason Street Advisors LLC increased 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 during the last quarter. Finally, Aperio Group LLC bought a new stake in Kraton Corporation during the second quarter worth $226,000. 97.54% of the stock is currently owned by institutional investors.

Kraton Corporation (NYSE:KRA) opened at 33.76 on Friday. The firm has a market capitalization of $1.05 billion, a P/E ratio of 24.24 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 stock has a 50 day moving average price of $34.83 and a 200 day moving average price of $31.57.

Kraton Corporation (NYSE:KRA) last announced its earnings results on Wednesday, July 26th. The specialty chemicals company reported $0.82 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $506.58 million. During the same period last year, the firm earned $0.63 earnings per share. The business’s revenue for the quarter was up 15.6% on a year-over-year basis. On average, equities analysts predict that Kraton Corporation will post $2.28 EPS for the current fiscal year.

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KRA has been the topic of a number of recent research reports. TheStreet raised Kraton Corporation from a “c+” rating to a “b-” rating in a report on Thursday, April 27th. BidaskClub raised Kraton Corporation from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research raised Kraton Corporation from a “strong sell” rating to a “hold” rating and set a $39.00 price objective on the stock in a report on Wednesday, May 3rd. Finally, UBS AG reaffirmed a “sell” rating and set a $26.00 price objective (up from $24.00) on shares of Kraton Corporation in a report on Friday, April 28th.

In other 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 transaction, the senior vice president now directly owns 25,695 shares of the company’s stock, valued at $945,832.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.01% of the stock is currently owned by company insiders.

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.

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Institutional Ownership by Quarter for Kraton Corporation (NYSE:KRA)

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