Weber Alan W buys $13.9 Million stake in Kraton Performance Polymers Inc (KRA)

Kraton Performance Polymers Inc (KRA) : Weber Alan W scooped up 50,000 additional shares in Kraton Performance Polymers Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 527,400 shares of Kraton Performance Polymers Inc which is valued at $13.9 Million.Kraton Performance Polymers Inc makes up approximately 10.50% of Weber Alan W’s portfolio.

Other Hedge Funds, Including , Teacher Retirement System Of Texas boosted its stake in KRA in the latest quarter, The investment management firm added 923 additional shares and now holds a total of 3,783 shares of Kraton Performance Polymers Inc which is valued at $99,417.Blackrock Group Ltd reduced its stake in KRA by selling 84,802 shares or 63.38% in the most recent quarter. The Hedge Fund company now holds 48,993 shares of KRA which is valued at $1.3 Million.Ironwood Investment Management reduced its stake in KRA by selling 48,671 shares or 34.32% in the most recent quarter. The Hedge Fund company now holds 93,155 shares of KRA which is valued at $2.4 Million. Kraton Performance Polymers Inc makes up approx 1.57% of Ironwood Investment Management’s portfolio.Nationwide Fund Advisors boosted its stake in KRA in the latest quarter, The investment management firm added 8,058 additional shares and now holds a total of 160,082 shares of Kraton Performance Polymers Inc which is valued at $4.1 Million. Kraton Performance Polymers Inc makes up approx 0.02% of Nationwide Fund 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 $26.49 and hit $26.8 on the upside on Monday, eventually ending the session at $26.5, with a gain of 0.84% or 0.22 points. The heightened volatility saw the trading volume jump to 5,87,392 shares. Company has a market cap of $817 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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