Kraton (KRA) Sees Unusually-High Trading Volume

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Kraton Corp (NYSE:KRA) shares saw unusually-high trading volume on Tuesday . Approximately 1,254,700 shares changed hands during trading, an increase of 471% from the previous session’s volume of 219,627 shares.The stock last traded at $36.37 and had previously closed at $29.16.

A number of analysts have commented on the company. ValuEngine downgraded Kraton from a “sell” rating to a “strong sell” rating in a research report on Friday, October 26th. SunTrust Banks cut shares of Kraton from a “buy” rating to a “hold” rating in a report on Friday, October 26th. TheStreet downgraded shares of Kraton from a “b-” rating to a “c+” rating in a research note on Monday, November 12th. Stifel Nicolaus started coverage on shares of Kraton in a research note on Monday, December 10th. They issued a “hold” rating and a $22.00 price objective for the company. Finally, Zacks Investment Research raised shares of Kraton from a “strong sell” rating to a “hold” rating in a report on Saturday, December 29th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Kraton presently has a consensus rating of “Hold” and an average price target of $45.67.

The company has a current ratio of 2.33, a quick ratio of 1.04 and a debt-to-equity ratio of 2.11. The stock has a market capitalization of $931.87 million, a P/E ratio of 12.76 and a beta of 2.05.

In other news, SVP Vijay Mhetar bought 8,000 shares of the firm’s stock in a transaction on Friday, December 14th. The shares were bought at an average cost of $23.13 per share, for a total transaction of $185,040.00. Following the completion of the transaction, the senior vice president now owns 18,489 shares in the company, valued at $427,650.57. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.70% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in KRA. Hancock Whitney Corp raised its holdings in Kraton by 3.2% in the 4th quarter. Hancock Whitney Corp now owns 205,019 shares of the specialty chemicals company’s stock valued at $4,478,000 after acquiring an additional 6,405 shares during the period. Legal & General Group Plc boosted its holdings 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 worth $1,659,000 after buying an additional 852 shares during the last quarter. Thrivent Financial for Lutherans increased its position in Kraton by 94.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 43,488 shares of the specialty chemicals company’s stock valued at $950,000 after acquiring an additional 21,163 shares during the last quarter. Globeflex Capital L P increased its holdings in shares of Kraton by 10.4% during the fourth quarter. Globeflex Capital L P now owns 30,616 shares of the specialty chemicals company’s stock valued at $669,000 after acquiring an additional 2,894 shares in the last quarter. Finally, First Wilshire Securities Management Inc. increased its stake in shares of Kraton by 60.1% in the 4th quarter. First Wilshire Securities Management Inc. now owns 162,227 shares of the specialty chemicals company’s stock worth $3,543,000 after acquiring an additional 60,891 shares during the last quarter. 96.42% of the stock is currently owned by institutional investors and hedge funds.

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About Kraton (NYSE:KRA)

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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