Acadian Asset Management LLC bought a new position in Kraton Corp (NYSE:KRA) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 5,085 shares of the specialty chemicals company’s stock, valued at approximately $240,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Kraton by 8.5% in the 2nd quarter. BlackRock Inc. now owns 4,358,381 shares of the specialty chemicals company’s stock worth $201,097,000 after purchasing an additional 341,081 shares in the last quarter. Frontier Capital Management Co. LLC lifted its stake in Kraton by 1.7% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 2,745,924 shares of the specialty chemicals company’s stock worth $129,470,000 after purchasing an additional 45,536 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Kraton by 17.0% in the 2nd quarter. Renaissance Technologies LLC now owns 993,000 shares of the specialty chemicals company’s stock worth $45,817,000 after purchasing an additional 144,000 shares in the last quarter. Northern Trust Corp lifted its stake in Kraton by 4.6% in the 2nd quarter. Northern Trust Corp now owns 674,124 shares of the specialty chemicals company’s stock worth $31,103,000 after purchasing an additional 29,882 shares in the last quarter. Finally, LSV Asset Management lifted its stake in Kraton by 6.5% in the 2nd quarter. LSV Asset Management now owns 443,287 shares of the specialty chemicals company’s stock worth $20,453,000 after purchasing an additional 27,200 shares in the last quarter. 96.34% of the stock is currently owned by institutional investors and hedge funds.

In other news, CFO Stephen E. Tremblay sold 9,174 shares of Kraton stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $49.50, for a total transaction of $454,113.00. Following the sale, the chief financial officer now owns 98,498 shares of the company’s stock, valued at approximately $4,875,651. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Stephen E. Tremblay sold 13,085 shares of Kraton stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $49.50, for a total transaction of $647,707.50. Following the sale, the insider now directly owns 102,409 shares in the company, valued at approximately $5,069,245.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,007 shares of company stock worth $2,489,221. Corporate insiders own 3.70% of the company’s stock.

KRA stock opened at $25.50 on Thursday. The company has a market cap of $818.42 million, a PE ratio of 8.95 and a beta of 1.78. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.04 and a current ratio of 2.33. Kraton Corp has a one year low of $24.29 and a one year high of $53.99.

Kraton (NYSE:KRA) last released its quarterly earnings results on Wednesday, October 24th. The specialty chemicals company reported $1.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.21 by ($0.19). The firm had revenue of $523.11 million for the quarter, compared to analysts’ expectations of $528.00 million. Kraton had a net margin of 5.87% and a return on equity of 14.83%. Analysts forecast that Kraton Corp will post 3.16 earnings per share for the current year.

A number of research firms have weighed in on KRA. TheStreet lowered shares of Kraton from a “b-” rating to a “c+” rating in a research note on Monday, November 12th. SunTrust Banks lowered shares of Kraton from a “buy” rating to a “hold” rating in a research note on Friday, October 26th. ValuEngine lowered shares of Kraton from a “sell” rating to a “strong sell” rating in a research note on Friday, October 26th. Zacks Investment Research lowered shares of Kraton from a “hold” rating to a “sell” rating in a research note on Thursday, October 18th. Finally, Loop Capital set a $76.00 target price on shares of Kraton and gave the stock a “buy” rating in a research note on Wednesday, August 15th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $57.50.

WARNING: This article was first published by Daily Political and is the property of of Daily Political. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at https://www.dailypolitical.com/2018/11/22/acadian-asset-management-llc-takes-position-in-kraton-corp-kra.html.

Kraton Company Profile

Kraton Corporation manufactures and sells styrenic block copolymers and other engineered polymers in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, Polymer and Chemical. The Polymer segment offers performance products, including styrene-butadiene-styrene and styrene-isoprene-styrene; and specialty polymers, such as hydrogenated styrenic block copolymers, as well as isoprene rubber and isoprene rubber latex for use in medical and personal care products, adhesives, tackifiers, paints, and coatings.

Recommended Story: Day Trading

Want to see what other hedge funds are holding KRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kraton Corp (NYSE:KRA).

Institutional Ownership by Quarter for Kraton (NYSE:KRA)

Receive News & Ratings for Kraton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraton and related companies with MarketBeat.com's FREE daily email newsletter.