GSA Capital Partners LLP trimmed its position in shares of Kraton Corporation (NYSE:KRA) by 1.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,163 shares of the specialty chemicals company’s stock after selling 137 shares during the period. GSA Capital Partners LLP’s holdings in Kraton Corporation were worth $281,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in Kraton Corporation by 4.3% during the second quarter. BlackRock Inc. now owns 3,975,623 shares of the specialty chemicals company’s stock valued at $136,919,000 after acquiring an additional 164,103 shares during the period. Vanguard Group Inc. boosted its holdings in Kraton Corporation by 5.5% during the first quarter. Vanguard Group Inc. now owns 2,835,197 shares of the specialty chemicals company’s stock valued at $87,664,000 after acquiring an additional 147,286 shares during the period. Rothschild Asset Management Inc. boosted its holdings in Kraton Corporation by 5.2% during the second quarter. Rothschild Asset Management Inc. now owns 954,446 shares of the specialty chemicals company’s stock valued at $32,871,000 after acquiring an additional 47,540 shares during the period. FMR LLC boosted its holdings in Kraton Corporation by 53.2% during the first quarter. FMR LLC now owns 954,380 shares of the specialty chemicals company’s stock valued at $29,509,000 after acquiring an additional 331,303 shares during the period. Finally, Nuveen Asset Management LLC boosted its holdings in Kraton Corporation by 138.5% during the first quarter. Nuveen Asset Management LLC now owns 710,282 shares of the specialty chemicals company’s stock valued at $21,962,000 after acquiring an additional 412,530 shares during the period. Institutional investors own 97.70% of the company’s stock.

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In related news, SVP Holger R. Jung sold 21,202 shares of Kraton Corporation stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $39.64, for a total transaction of $840,447.28. Following the completion of the sale, the senior vice president now owns 48,819 shares of the company’s stock, valued at approximately $1,935,185.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP James Leo Simmons sold 4,252 shares of Kraton Corporation stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $36.81, for a total transaction of $156,516.12. Following the sale, the senior vice president now directly owns 25,695 shares of the company’s stock, valued at approximately $945,832.95. The disclosure for this sale can be found here. Insiders own 5.01% of the company’s stock.

Shares of Kraton Corporation (NYSE:KRA) opened at 40.97 on Thursday. Kraton Corporation has a 1-year low of $24.95 and a 1-year high of $42.26. The company has a market cap of $1.28 billion, a PE ratio of 29.41 and a beta of 1.26. The company has a 50 day moving average of $36.68 and a 200 day moving average of $34.35.

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 consensus estimate of $0.58 by $0.24. The business had revenue of $525.30 million during the quarter, compared to the consensus estimate of $506.58 million. Kraton Corporation had a net margin of 2.36% and a return on equity of 9.52%. Kraton Corporation’s revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.63 EPS. Equities analysts expect that Kraton Corporation will post $2.23 earnings per share for the current fiscal year.

A number of equities research analysts have issued reports on KRA shares. BidaskClub upgraded shares of Kraton Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Kraton Corporation from a “hold” rating to a “strong-buy” rating and set a $42.00 price target for the company in a report on Tuesday, August 1st. SunTrust Banks, Inc. restated a “buy” rating and set a $55.00 price target (up from $45.00) on shares of Kraton Corporation in a report on Wednesday, October 11th. They noted that the move was a valuation call. UBS AG restated a “sell” rating and set a $27.00 price target (up from $26.00) on shares of Kraton Corporation in a report on Sunday, June 25th. Finally, KeyCorp reiterated a “hold” rating on shares of Kraton Corporation in a research note on Friday, September 1st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Kraton Corporation presently has a consensus rating of “Buy” and a consensus target price of $58.00.

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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