First Mercantile Trust Co Lowers stake in Kraton Performance Polymers Inc (KRA)

Kraton Performance Polymers Inc (KRA) : First Mercantile Trust Co reduced its stake in Kraton Performance Polymers Inc by 9.98% during the most recent quarter end. The investment management company now holds a total of 16,060 shares of Kraton Performance Polymers Inc which is valued at $551,822 after selling 1,781 shares in Kraton Performance Polymers Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Kraton Performance Polymers Inc makes up approximately 0.07% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Simplex Trading sold out all of its stake in KRA during the most recent quarter. The investment firm sold 13,613 shares of KRA which is valued $467,743.Bnp Paribas Arbitrage Sa reduced its stake in KRA by selling 4,921 shares or 48.94% in the most recent quarter. The Hedge Fund company now holds 5,135 shares of KRA which is valued at $176,952. West Oak Capital added KRA to its portfolio by purchasing 1,250 company shares during the most recent quarter which is valued at $43,075. Kraton Performance Polymers Inc makes up approx 0.03% of West Oak Capital’s portfolio.

Kraton Performance Polymers Inc closed down -0.84 points or -2.39% at $34.36 with 2,88,429 shares getting traded on Friday. Post opening the session at $35.14, the shares hit an intraday low of $34.05 and an intraday high of $35.14 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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