Strs Ohio trimmed its stake in shares of Kraton Co. (NYSE:KRA) by 37.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,900 shares of the specialty chemicals company’s stock after selling 10,600 shares during the quarter. Strs Ohio owned approximately 0.06% of Kraton worth $654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of KRA. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Kraton by 61.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,899 shares of the specialty chemicals company’s stock worth $108,000 after acquiring an additional 1,479 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in Kraton in the 4th quarter worth approximately $203,000. ProShare Advisors LLC purchased a new stake in Kraton in the 4th quarter worth approximately $209,000. FDx Advisors Inc. purchased a new stake in Kraton in the 1st quarter worth approximately $214,000. Finally, Arizona State Retirement System purchased a new stake in Kraton in the 4th quarter worth approximately $257,000. Institutional investors and hedge funds own 93.39% of the company’s stock.
Several equities research analysts have weighed in on KRA shares. TheStreet upgraded Kraton from a “d+” rating to a “c-” rating in a report on Friday, March 19th. Zacks Investment Research cut Kraton from a “hold” rating to a “sell” rating in a report on Wednesday, May 5th.
KRA opened at $33.95 on Thursday. The stock has a market cap of $1.09 billion, a PE ratio of -4.77 and a beta of 2.34. The company has a quick ratio of 0.69, a current ratio of 1.64 and a debt-to-equity ratio of 1.30. The business has a 50 day moving average of $37.02 and a 200-day moving average of $33.09. Kraton Co. has a 52 week low of $10.34 and a 52 week high of $45.88.
Kraton (NYSE:KRA) last released its earnings results on Wednesday, April 28th. The specialty chemicals company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.23. Kraton had a positive return on equity of 3.40% and a negative net margin of 14.37%. Equities analysts anticipate that Kraton Co. will post 1.13 EPS for the current year.
Kraton Corporation manufactures and sells styrenic block copolymers, specialty polymers, and other products 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 for paving and roofing application; styrene-isoprene-styrene for personal care application; ethylene-vinyl acetate, polyolefins, and metallocene polyolefins for adhesives application; and specialty polymers, such as hydrogenated styrenic block copolymer, isoprene rubber, and isoprene rubber latex for use in medical and personal care products, adhesives, tackifiers, paints, and coatings.
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