Altalis Capital Management Lowers stake in Kraton Performance Polymers Inc (KRA)

Kraton Performance Polymers Inc (KRA) : Altalis Capital Management reduced its stake in Kraton Performance Polymers Inc by 48.76% during the most recent quarter end. The investment management company now holds a total of 454,959 shares of Kraton Performance Polymers Inc which is valued at $13,607,824 after selling 432,917 shares in Kraton Performance Polymers Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Kraton Performance Polymers Inc makes up approximately 9.03% of Altalis Capital Management’s portfolio.

Other Hedge Funds, Including , Aqr Capital Management boosted its stake in KRA in the latest quarter, The investment management firm added 34,607 additional shares and now holds a total of 108,897 shares of Kraton Performance Polymers Inc which is valued at $3,257,109. Kraton Performance Polymers Inc makes up approx 0.01% of Aqr Capital Management’s portfolio.Norges Bank reduced its stake in KRA by selling 56,688 shares or 19.26% in the most recent quarter. The Hedge Fund company now holds 237,618 shares of KRA which is valued at $7,107,154.Allianz Asset Management Ag reduced its stake in KRA by selling 20,107 shares or 31.67% in the most recent quarter. The Hedge Fund company now holds 43,391 shares of KRA which is valued at $1,297,825.Northpointe Capital reduced its stake in KRA by selling 43,157 shares or 26.31% in the most recent quarter. The Hedge Fund company now holds 120,866 shares of KRA which is valued at $3,578,842. Kraton Performance Polymers Inc makes up approx 0.41% of Northpointe Capital’s portfolio.

Kraton Performance Polymers Inc opened for trading at $36.21 and hit $36.84 on the upside on Thursday, eventually ending the session at $36.24, with a gain of 0.50% or 0.18 points. The heightened volatility saw the trading volume jump to 3,64,237 shares. Company has a market cap of $1,118 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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