Berson & Corrado Investment Advisors LLC trimmed its stake in shares of Kraton Corp (NYSE:KRA) by 40.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,995 shares of the specialty chemicals company’s stock after selling 12,215 shares during the period. Berson & Corrado Investment Advisors LLC’s holdings in Kraton were worth $867,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Rubric Capital Management LP raised its holdings in shares of Kraton by 509.1% during the third quarter. Rubric Capital Management LP now owns 607,952 shares of the specialty chemicals company’s stock worth $24,586,000 after acquiring an additional 508,140 shares during the period. Algert Global LLC acquired a new stake in shares of Kraton during the third quarter worth $495,000. Uniplan Investment Counsel Inc. raised its holdings in shares of Kraton by 45.8% during the third quarter. Uniplan Investment Counsel Inc. now owns 237,590 shares of the specialty chemicals company’s stock worth $9,608,000 after acquiring an additional 74,590 shares during the period. Magnetar Financial LLC acquired a new stake in shares of Kraton during the third quarter worth $232,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Kraton by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 2,631,627 shares of the specialty chemicals company’s stock worth $106,419,000 after acquiring an additional 13,374 shares during the period. Institutional investors and hedge funds own 97.46% of the company’s stock.

In other news, insider Kevin Michael Fogarty sold 1,042 shares of Kraton stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $50.00, for a total value of $52,100.00. Following the completion of the transaction, the insider now owns 197,731 shares of the company’s stock, valued at approximately $9,886,550. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP James Leo Simmons sold 6,950 shares of Kraton stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $47.39, for a total transaction of $329,360.50. Following the completion of the transaction, the senior vice president now directly owns 25,000 shares of the company’s stock, valued at approximately $1,184,750. The disclosure for this sale can be found here. In the last ninety days, insiders sold 198,454 shares of company stock valued at $9,645,791. 4.71% of the stock is owned by insiders.

A number of research analysts recently weighed in on KRA shares. Loop Capital started coverage on shares of Kraton in a research report on Thursday, September 28th. They issued a “buy” rating and a $65.00 target price for the company. Zacks Investment Research downgraded shares of Kraton from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 26th. UBS Group raised their target price on shares of Kraton from $28.00 to $30.00 and gave the company a “sell” rating in a research report on Wednesday, October 25th. ValuEngine downgraded shares of Kraton from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Finally, TheStreet downgraded shares of Kraton from a “b-” rating to a “c” rating in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $51.50.

Kraton Corp (KRA) remained flat at $$52.80 during trading on Wednesday. 211,871 shares of the company’s stock were exchanged, compared to its average volume of 240,223. The firm has a market cap of $1,650.00, a P/E ratio of 68.57 and a beta of 1.19. Kraton Corp has a twelve month low of $25.09 and a twelve month high of $53.03. The company has a debt-to-equity ratio of 2.85, a current ratio of 2.27 and a quick ratio of 1.19.

Kraton (NYSE:KRA) last released its earnings results on Tuesday, October 24th. The specialty chemicals company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.57. The business had revenue of $510.90 million during the quarter, compared to the consensus estimate of $481.77 million. Kraton had a net margin of 1.27% and a return on equity of 14.19%. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.63 earnings per share. equities research analysts predict that Kraton Corp will post 2.96 EPS for the current year.

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

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