Contrarian Capital Management L.l.c. adds Kraton Performance Polymers Inc (KRA) to its portfolio

Kraton Performance Polymers Inc (KRA) : Contrarian Capital Management L.l.c. added new position in Kraton Performance Polymers Inc during the most recent quarter end. The investment management firm now holds 83,832 shares of Kraton Performance Polymers Inc which is valued at $2.2 Million , the company said in a statement filed on May 13, 2016 with the SEC.Kraton Performance Polymers Inc makes up approximately 1.64% of Contrarian Capital Management L.l.c.’s portfolio.

Other Hedge Funds, Including , Rothschild Asset Management Inc boosted its stake in KRA in the latest quarter, The investment management firm added 172,750 additional shares and now holds a total of 813,451 shares of Kraton Performance Polymers Inc which is valued at $21.4 Million. Kraton Performance Polymers Inc makes up approx 0.41% of Rothschild Asset Management Inc’s portfolio. Gsa Capital Partners Llp sold out all of its stake in KRA during the most recent quarter. The investment firm sold 18,966 shares of KRA which is valued $498,426.Blackrock Institutional Trust Company N.a. boosted its stake in KRA in the latest quarter, The investment management firm added 7,521 additional shares and now holds a total of 795,971 shares of Kraton Performance Polymers Inc which is valued at $20.9 Million.Blackrock Advisors reduced its stake in KRA by selling 390,444 shares or 57.34% in the most recent quarter. The Hedge Fund company now holds 290,487 shares of KRA which is valued at $7.6 Million. Kraton Performance Polymers Inc makes up approx 0.01% of Blackrock Advisors’s portfolio. Nisa Investment Advisors L.l.c. added KRA to its portfolio by purchasing 900 company shares during the most recent quarter which is valued at $20,439.

Kraton Performance Polymers Inc opened for trading at $26.89 and hit $27.22 on the upside on Wednesday, eventually ending the session at $26.74, with a gain of 0.04% or 0.01 points. The heightened volatility saw the trading volume jump to 3,20,841 shares. Company has a market cap of $825 M.

On the company’s financial health, Kraton Performance Polymers Inc reported $0.80 EPS for the quarter, beating the analyst consensus estimate by $ 0.25 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.55. The company had revenue of $419.92 million for the quarter, compared to analysts expectations of $463.13 million. The company’s revenue was up 60.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS.

Kraton Performance Polymers Inc. is a producer of styrenic block copolymers (SBCs) and other engineered polymers. The Company’s products are found in many everyday applications including personal care products such as disposable diapers and the rubberized grips of toothbrushes razor blades and power tools. Its products are also used to impart tack and shear properties in a wide variety of adhesive products and to impart characteristics such as flexibility and durability in sealants and corrosion resistance in coatings. It also produces Cariflex isoprene rubber and isoprene rubber latex. Its Cariflex products are used in applications such as surgical gloves and condoms. It manufactures its polymers at five manufacturing facilities globally including its flagship facility in Belpre Ohio as well as facilities in Germany France Brazil and Japan. The facility in Japan is operated by an unconsolidated manufacturing joint venture.

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