Cipher Capital LP lowered its position in shares of Kraton Corporation (NYSE:KRA) by 23.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,852 shares of the specialty chemicals company’s stock after selling 34,333 shares during the period. Cipher Capital LP owned 0.36% of Kraton Corporation worth $3,921,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Eagle Boston Investment Management Inc. raised its position in Kraton Corporation by 1.4% in the second quarter. Eagle Boston Investment Management Inc. now owns 241,783 shares of the specialty chemicals company’s stock worth $8,327,000 after buying an additional 3,455 shares during the last quarter. Principal Financial Group Inc. raised its position in Kraton Corporation by 1.7% in the second quarter. Principal Financial Group Inc. now owns 260,942 shares of the specialty chemicals company’s stock worth $8,987,000 after buying an additional 4,278 shares during the last quarter. Federated Investors Inc. PA raised its position in Kraton Corporation by 32.2% in the second quarter. Federated Investors Inc. PA now owns 94,500 shares of the specialty chemicals company’s stock worth $3,255,000 after buying an additional 23,000 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Kraton Corporation by 49.1% in the second quarter. BNP Paribas Arbitrage SA now owns 11,301 shares of the specialty chemicals company’s stock worth $389,000 after buying an additional 3,723 shares during the last quarter. Finally, Legal & General Group Plc raised its position in Kraton Corporation by 10.0% in the second quarter. Legal & General Group Plc now owns 59,033 shares of the specialty chemicals company’s stock worth $2,032,000 after buying an additional 5,378 shares during the last quarter. 97.75% of the stock is currently owned by institutional investors.

Shares of Kraton Corporation (NYSE:KRA) opened at 33.43 on Friday. Kraton Corporation has a 12 month low of $24.95 and a 12 month high of $37.50. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 24.00 and a beta of 1.28. The firm has a 50-day moving average of $34.85 and a 200 day moving average of $32.27.

Kraton Corporation (NYSE:KRA) last released its quarterly earnings data on Wednesday, July 26th. The specialty chemicals company reported $0.82 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 business had revenue of $525.30 million for the quarter, compared to analyst estimates of $506.58 million. During the same quarter in the prior year, the firm posted $0.63 EPS. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. On average, analysts expect that Kraton Corporation will post $2.31 earnings per share for the current year.

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A number of research analysts recently weighed in on the stock. BidaskClub raised shares of Kraton Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research raised shares of Kraton Corporation from a “hold” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a research report on Tuesday, August 1st. Finally, UBS AG reissued a “sell” rating and set a $27.00 price target (up from $26.00) on shares of Kraton Corporation in a research report on Sunday, June 25th.

In other Kraton Corporation news, SVP James Leo Simmons sold 4,252 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $36.81, for a total value of $156,516.12. Following the sale, the senior vice president now owns 25,695 shares in the company, valued at approximately $945,832.95. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 5.01% of the company’s stock.

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.

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

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