Kraton Co. (NYSE:KRA) Stake Cut by Wilen Investment Management CORP.

Wilen Investment Management CORP. reduced its holdings in shares of Kraton Co. (NYSE:KRA) by 1.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 202,727 shares of the specialty chemicals company’s stock after selling 2,000 shares during the period. Kraton accounts for approximately 5.5% of Wilen Investment Management CORP.’s investment portfolio, making the stock its 5th biggest holding. Wilen Investment Management CORP.’s holdings in Kraton were worth $6,437,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of KRA. First Trust Advisors LP lifted its stake in shares of Kraton by 204.3% in the 1st quarter. First Trust Advisors LP now owns 97,086 shares of the specialty chemicals company’s stock worth $3,124,000 after acquiring an additional 65,185 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Kraton by 18.3% in the 1st quarter. Russell Investments Group Ltd. now owns 83,847 shares of the specialty chemicals company’s stock worth $3,066,000 after acquiring an additional 12,956 shares during the period. Geode Capital Management LLC lifted its stake in shares of Kraton by 10.2% in the 1st quarter. Geode Capital Management LLC now owns 514,610 shares of the specialty chemicals company’s stock worth $18,829,000 after acquiring an additional 47,837 shares during the period. Allianz Asset Management GmbH acquired a new stake in shares of Kraton in the 1st quarter worth $649,000. Finally, Bank of Montreal Can lifted its stake in shares of Kraton by 7.5% in the 1st quarter. Bank of Montreal Can now owns 10,276 shares of the specialty chemicals company’s stock worth $363,000 after acquiring an additional 716 shares during the period. 92.31% of the stock is currently owned by institutional investors.

KRA traded up $0.12 during midday trading on Monday, reaching $45.67. 13,429 shares of the company’s stock were exchanged, compared to its average volume of 414,466. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.57 and a quick ratio of 0.73. The stock has a market capitalization of $1.47 billion, a PE ratio of -4.07 and a beta of 2.44. The business’s 50-day moving average price is $42.31 and its 200 day moving average price is $38.10. Kraton Co. has a 1-year low of $23.71 and a 1-year high of $46.25.

Kraton (NYSE:KRA) last announced its earnings results on Wednesday, July 28th. The specialty chemicals company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.17). The business had revenue of $493.62 million for the quarter, compared to analyst estimates of $432.20 million. Kraton had a positive return on equity of 7.08% and a negative net margin of 20.81%. As a group, analysts expect that Kraton Co. will post 2.33 EPS for the current fiscal year.

Several analysts have recently commented on the stock. Loop Capital cut shares of Kraton from a “buy” rating to a “hold” rating and set a $46.50 target price for the company. in a research note on Tuesday, September 28th. UBS Group upgraded shares of Kraton from a “sell” rating to a “neutral” rating and raised their price objective for the company from $34.00 to $46.50 in a research note on Thursday, September 30th. Finally, Zacks Investment Research cut shares of Kraton from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 6th.

Kraton Company Profile

Kraton Corp. engages in the manufacture and marketing of styrenic block copolymers, specialty polymers, and other products primarily derived from pine wood pulping co-products. It operates through the Polymer and Chemical segment. The Polymer segment includes styrenic block copolymers and other engineered polymers business.

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Institutional Ownership by Quarter for Kraton (NYSE:KRA)

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