Goldman Sachs Group Inc. Has $837,000 Position in Kraton Corporation (KRA)
Goldman Sachs Group Inc. reduced its position in shares of Kraton Corporation (NYSE:KRA) by 75.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,060 shares of the specialty chemicals company’s stock after selling 83,739 shares during the period. Goldman Sachs Group Inc.’s holdings in Kraton Corporation were worth $837,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the stock. State of Alaska Department of Revenue raised 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 period. US Bancorp DE raised 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 period. LS Investment Advisors LLC raised 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 period. Mason Street Advisors LLC raised 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 period. Finally, Airain ltd bought a new stake in Kraton Corporation during the first quarter worth about $228,000. Institutional investors and hedge funds own 97.54% of the company’s stock.
Kraton Corporation (NYSE KRA) traded down 2.84% during midday trading on Tuesday, hitting $33.19. The stock had a trading volume of 58,004 shares. The stock has a 50-day moving average price of $34.88 and a 200 day moving average price of $31.67. The firm has a market cap of $1.04 billion, a P/E ratio of 23.83 and a beta of 1.23. Kraton Corporation has a 12-month low of $24.95 and a 12-month high of $37.50.
Kraton Corporation (NYSE:KRA) last issued its quarterly earnings data on Wednesday, July 26th. The specialty chemicals company reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.24. Kraton Corporation had a return on equity of 9.52% and a net margin of 2.36%. The firm had revenue of $525.30 million during the quarter, compared to the consensus estimate of $506.58 million. During the same period in the previous year, the firm posted $0.63 EPS. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. On average, equities analysts anticipate that Kraton Corporation will post $2.28 earnings per share for the current fiscal year.
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A number of equities research analysts have recently issued reports on the company. TheStreet upgraded Kraton Corporation from a “c+” rating to a “b-” rating in a research report on Thursday, April 27th. BidaskClub lowered Kraton Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research lowered Kraton Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, UBS AG restated a “sell” rating and issued a $26.00 price target (up from $24.00) on shares of Kraton Corporation in a research report on Friday, April 28th.
In other Kraton Corporation news, SVP James Leo Simmons sold 4,252 shares of Kraton Corporation stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $36.81, for a total value of $156,516.12. Following the completion of the sale, the senior vice president now directly owns 25,695 shares of the company’s stock, valued at approximately $945,832.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.01% of the stock is currently owned by insiders.
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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