Kestrel Investment Management Corp Lowers stake in Kraton Performance Polymers Inc (KRA)

Kraton Performance Polymers Inc (KRA) : Kestrel Investment Management Corp reduced its stake in Kraton Performance Polymers Inc by 10.01% during the most recent quarter end. The investment management company now holds a total of 256,100 shares of Kraton Performance Polymers Inc which is valued at $7,659,951 after selling 28,500 shares in Kraton Performance Polymers Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Kraton Performance Polymers Inc makes up approximately 2.93% of Kestrel Investment Management Corp’s portfolio.

Other Hedge Funds, Including , Uniplan Investment Counsel boosted its stake in KRA in the latest quarter, The investment management firm added 21,006 additional shares and now holds a total of 334,157 shares of Kraton Performance Polymers Inc which is valued at $9,994,636. Kraton Performance Polymers Inc makes up approx 0.44% of Uniplan Investment Counsel’s portfolio. Nine Chapters Capital Management sold out all of its stake in KRA during the most recent quarter. The investment firm sold 11,400 shares of KRA which is valued $338,238. Ajo Lp sold out all of its stake in KRA during the most recent quarter. The investment firm sold 508,526 shares of KRA which is valued $15,087,966. Eam Investors added KRA to its portfolio by purchasing 131,400 company shares during the most recent quarter which is valued at $3,823,740. Kraton Performance Polymers Inc makes up approx 0.54% of Eam Investors’s portfolio.New York State Teachers Retirement System boosted its stake in KRA in the latest quarter, The investment management firm added 5,800 additional shares and now holds a total of 55,106 shares of Kraton Performance Polymers Inc which is valued at $1,622,872.

Kraton Performance Polymers Inc opened for trading at $33.79 and hit $34.45 on the upside on Tuesday, eventually ending the session at $34.17, with a gain of 1.12% or 0.38 points. The heightened volatility saw the trading volume jump to 6,70,007 shares. Company has a market cap of $1,054 M.

On the company’s financial health, Kraton Performance Polymers Inc reported $0.63 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.70. The company had revenue of $454.65 million for the quarter, compared to analysts expectations of $445.07 million. The company’s revenue was up 77.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 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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