Kraton Corp (KRA) Shares Bought by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC raised its position in Kraton Corp (NYSE:KRA) by 71.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,407 shares of the specialty chemicals company’s stock after purchasing an additional 3,932 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Kraton were worth $205,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KRA. Arizona State Retirement System boosted its holdings in shares of Kraton by 6.4% in the 4th quarter. Arizona State Retirement System now owns 49,213 shares of the specialty chemicals company’s stock valued at $1,075,000 after purchasing an additional 2,958 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Kraton by 19.1% in the 4th quarter. Bank of Montreal Can now owns 161,320 shares of the specialty chemicals company’s stock valued at $3,524,000 after purchasing an additional 25,859 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Kraton by 413.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,360 shares of the specialty chemicals company’s stock valued at $52,000 after purchasing an additional 1,900 shares during the last quarter. Teachers Advisors LLC boosted its holdings in shares of Kraton by 2.1% in the 3rd quarter. Teachers Advisors LLC now owns 58,367 shares of the specialty chemicals company’s stock valued at $2,752,000 after purchasing an additional 1,199 shares during the last quarter. Finally, Vanguard Group Inc boosted its holdings in shares of Kraton by 1.7% in the 3rd quarter. Vanguard Group Inc now owns 3,281,113 shares of the specialty chemicals company’s stock valued at $154,705,000 after purchasing an additional 53,361 shares during the last quarter. 96.42% of the stock is currently owned by institutional investors.

In other news, SVP Vijay Mhetar purchased 8,000 shares of the company’s stock in a transaction that occurred on Friday, December 14th. The shares were purchased at an average price of $23.13 per share, with a total value of $185,040.00. Following the purchase, the senior vice president now directly owns 18,489 shares of the company’s stock, valued at approximately $427,650.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.70% of the company’s stock.

KRA has been the topic of a number of research reports. TheStreet downgraded shares of Kraton from a “b-” rating to a “c+” rating in a research note on Monday, November 12th. Zacks Investment Research downgraded shares of Kraton from a “hold” rating to a “sell” rating in a research note on Thursday, October 18th. SunTrust Banks downgraded shares of Kraton from a “buy” rating to a “hold” rating in a research note on Friday, October 26th. ValuEngine downgraded shares of Kraton from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. Finally, Stifel Nicolaus initiated coverage on shares of Kraton in a research note on Monday, December 10th. They issued a “hold” rating and a $22.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $45.67.

Kraton stock traded up $0.12 during midday trading on Monday, hitting $27.12. 5,280 shares of the stock were exchanged, compared to its average volume of 167,525. Kraton Corp has a 1 year low of $19.13 and a 1 year high of $53.99. The company has a market capitalization of $862.92 million, a price-to-earnings ratio of 9.52 and a beta of 2.05. The company has a debt-to-equity ratio of 2.11, a current ratio of 2.33 and a quick ratio of 1.04.

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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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