Royce & Associates LP Has $17.79 Million Position in Kraton Corp (KRA)

Royce & Associates LP raised its stake in shares of Kraton Corp (NYSE:KRA) by 8.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 377,376 shares of the specialty chemicals company’s stock after purchasing an additional 30,000 shares during the period. Royce & Associates LP’s holdings in Kraton were worth $17,793,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in KRA. BlackRock Inc. raised its position in Kraton by 8.5% during 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 during the last quarter. Advisors Asset Management Inc. raised its position in Kraton by 11,720.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 182,748 shares of the specialty chemicals company’s stock worth $192,000 after purchasing an additional 181,202 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Kraton by 665.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 166,549 shares of the specialty chemicals company’s stock worth $7,853,000 after purchasing an additional 144,788 shares during the last quarter. Renaissance Technologies LLC raised its position in Kraton by 17.0% during 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 during the last quarter. Finally, American Century Companies Inc. raised its position in Kraton by 47.4% during the 2nd quarter. American Century Companies Inc. now owns 215,569 shares of the specialty chemicals company’s stock worth $9,946,000 after purchasing an additional 69,301 shares during the last quarter. 96.11% of the stock is owned by institutional investors and hedge funds.

Shares of Kraton stock opened at $26.57 on Tuesday. The company has a debt-to-equity ratio of 2.11, a current ratio of 2.33 and a quick ratio of 1.04. Kraton Corp has a 1-year low of $24.29 and a 1-year high of $53.99. The stock has a market cap of $837.28 million, a price-to-earnings ratio of 9.32 and a beta of 1.75.

Kraton (NYSE:KRA) last issued its quarterly earnings results on Wednesday, October 24th. The specialty chemicals company reported $1.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.21 by ($0.19). Kraton had a return on equity of 14.83% and a net margin of 5.87%. The business had revenue of $523.11 million for the quarter, compared to analyst estimates of $528.00 million. On average, sell-side analysts forecast that Kraton Corp will post 3.16 earnings per share for the current year.

KRA has been the subject of several analyst reports. ValuEngine downgraded Kraton from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. TheStreet downgraded Kraton from a “b-” rating to a “c+” rating in a report on Monday, November 12th. Zacks Investment Research downgraded Kraton from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. Loop Capital set a $76.00 price target on Kraton and gave the stock a “buy” rating in a report on Wednesday, August 15th. Finally, SunTrust Banks downgraded Kraton from a “buy” rating to a “hold” rating in a report on Friday, October 26th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $57.50.

In other news, CEO Kevin Michael Fogarty sold 27,748 shares of the firm’s stock in a transaction dated Friday, September 21st. The stock was sold at an average price of $50.00, for a total value of $1,387,400.00. Following the completion of the sale, the chief executive officer now directly owns 273,281 shares in the company, valued at approximately $13,664,050. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Stephen E. Tremblay sold 13,085 shares of the firm’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $49.50, for a total value of $647,707.50. Following the completion of the sale, the insider now owns 102,409 shares of the company’s stock, valued at $5,069,245.50. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

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Kraton 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.

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Institutional Ownership by Quarter for Kraton (NYSE:KRA)

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