Ironwood Investment Management LLC Has $871,000 Position in Kraton Corp (KRA)

Ironwood Investment Management LLC boosted its position in shares of Kraton Corp (NYSE:KRA) by 1.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,074 shares of the specialty chemicals company’s stock after buying an additional 463 shares during the quarter. Ironwood Investment Management LLC’s holdings in Kraton were worth $871,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Mason Street Advisors LLC raised its position in shares of Kraton by 3.3% in the first quarter. Mason Street Advisors LLC now owns 10,253 shares of the specialty chemicals company’s stock valued at $330,000 after buying an additional 329 shares during the last quarter. Rhumbline Advisers raised its position in shares of Kraton by 0.7% in the first quarter. Rhumbline Advisers now owns 89,793 shares of the specialty chemicals company’s stock valued at $2,890,000 after buying an additional 662 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Kraton by 137.0% in the first quarter. Versant Capital Management Inc now owns 1,171 shares of the specialty chemicals company’s stock valued at $37,000 after buying an additional 677 shares during the last quarter. Texas Permanent School Fund raised its position in shares of Kraton by 3.7% in the first quarter. Texas Permanent School Fund now owns 21,676 shares of the specialty chemicals company’s stock valued at $698,000 after buying an additional 764 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of Kraton by 1.1% in the fourth quarter. Legal & General Group Plc now owns 75,659 shares of the specialty chemicals company’s stock valued at $1,659,000 after buying an additional 852 shares during the last quarter. Institutional investors own 96.64% of the company’s stock.

In related news, SVP Jose Fernando Cherubini Haddad sold 6,000 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $33.10, for a total transaction of $198,600.00. Following the transaction, the senior vice president now directly owns 14,910 shares in the company, valued at $493,521. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.32% of the stock is owned by insiders.

KRA stock traded down $0.59 during mid-day trading on Thursday, hitting $27.67. 116,796 shares of the company were exchanged, compared to its average volume of 259,254. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.83 and a quick ratio of 0.78. The firm has a market cap of $904.76 million, a PE ratio of 8.76 and a beta of 2.06. Kraton Corp has a 12-month low of $19.13 and a 12-month high of $51.33.

Kraton (NYSE:KRA) last announced its quarterly earnings data on Wednesday, April 24th. The specialty chemicals company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.23. The company had revenue of $456.40 million for the quarter, compared to analysts’ expectations of $491.65 million. Kraton had a net margin of 2.93% and a return on equity of 15.20%. Kraton’s revenue was down 9.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.58 EPS. Sell-side analysts anticipate that Kraton Corp will post 3.94 EPS for the current fiscal year.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Kraton from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research report on Wednesday, May 1st. TheStreet cut shares of Kraton from a “b-” rating to a “c” rating in a research report on Thursday, April 25th. ValuEngine cut shares of Kraton from a “sell” rating to a “strong sell” rating in a research report on Thursday, April 25th. SunTrust Banks increased their target price on shares of Kraton to $39.00 and gave the stock a “hold” rating in a research note on Friday, March 1st. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. began coverage on shares of Kraton in a research note on Tuesday, February 19th. They set a “reduce” rating for the company. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Kraton presently has an average rating of “Hold” and an average target price of $42.60.

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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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