Brenner West Capital Advisors adds Kraton Performance Polymers Inc (KRA) to its portfolio

Kraton Performance Polymers Inc (KRA) : Brenner West Capital Advisors added new position in Kraton Performance Polymers Inc during the most recent quarter end. The investment management firm now holds 1,271,373 shares of Kraton Performance Polymers Inc which is valued at $38,026,766 , the company said in a statement filed on Aug 15, 2016 with the SEC.Kraton Performance Polymers Inc makes up approximately 3.20% of Brenner West Capital Advisors’s portfolio.

Other Hedge Funds, Including , Ack Asset Management added KRA to its portfolio by purchasing 100,000 company shares during the most recent quarter which is valued at $2,991,000. Kraton Performance Polymers Inc makes up approx 0.87% of Ack Asset Management’s portfolio. Globeflex Capital L P added KRA to its portfolio by purchasing 9,936 company shares during the most recent quarter which is valued at $297,186. Kraton Performance Polymers Inc makes up approx 0.08% of Globeflex Capital L P’s portfolio. 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.Strs Ohio reduced its stake in KRA by selling 32,900 shares or 81.84% in the most recent quarter. The Hedge Fund company now holds 7,300 shares of KRA which is valued at $216,153. Simplex Trading added KRA to its portfolio by purchasing 13,613 company shares during the most recent quarter which is valued at $403,081. Kraton Performance Polymers Inc makes up approx 0.05% of Simplex Trading’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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