Hite Hedge Asset Management Increases Position in Pattern Energy Group (PEGI); Weber Alan W Position in Kraton Performance Polymers (KRA) Trimmed as Share Value Declined

May 27, 2018 - By Linda Rogers

Weber Alan W decreased its stake in Kraton Performance Polymers (KRA) by 2.12% based on its latest 2017Q4 regulatory filing with the SEC. Weber Alan W sold 11,000 shares as the company’s stock declined 2.77% with the market. The institutional investor held 507,200 shares of the basic industries company at the end of 2017Q4, valued at $24.43 million, down from 518,200 at the end of the previous reported quarter. Weber Alan W who had been investing in Kraton Performance Polymers for a number of months, seems to be less bullish one the $1.56B market cap company. The stock decreased 0.71% or $0.35 during the last trading session, reaching $48.73. About 123,158 shares traded. Kraton Corporation (NYSE:KRA) has risen 66.15% since May 27, 2017 and is uptrending. It has outperformed by 54.60% the S&P500.

Hite Hedge Asset Management Llc increased its stake in Pattern Energy Group Inc (PEGI) by 152.86% based on its latest 2017Q4 regulatory filing with the SEC. Hite Hedge Asset Management Llc bought 107,000 shares as the company’s stock declined 17.35% with the market. The hedge fund held 177,000 shares of the central company at the end of 2017Q4, valued at $3.80 million, up from 70,000 at the end of the previous reported quarter. Hite Hedge Asset Management Llc who had been investing in Pattern Energy Group Inc for a number of months, seems to be bullish on the $1.81B market cap company. The stock increased 1.38% or $0.25 during the last trading session, reaching $18.4. About 733,244 shares traded. Pattern Energy Group Inc. (NASDAQ:PEGI) has declined 11.28% since May 27, 2017 and is downtrending. It has underperformed by 22.83% the S&P500.

Investors sentiment increased to 1.27 in Q4 2017. Its up 0.02, from 1.25 in 2017Q3. It increased, as 10 investors sold KRA shares while 69 reduced holdings. 54 funds opened positions while 46 raised stakes. 28.49 million shares or 1.40% less from 28.89 million shares in 2017Q3 were reported. Berson And Corrado Advsrs Limited Liability has 17,995 shares for 0.51% of their portfolio. Tiaa Cref Inv Management Lc has invested 0% in Kraton Corporation (NYSE:KRA). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mgmt Corp reported 30,618 shares stake. Deutsche Retail Bank Ag accumulated 282,136 shares. Brookfield Asset Mngmt, Ontario – Canada-based fund reported 293,544 shares. New York-based Gotham Asset Ltd Liability Corporation has invested 0% in Kraton Corporation (NYSE:KRA). Royal Natl Bank Of Canada invested in 4,697 shares. Lsv Asset holds 0.03% of its portfolio in Kraton Corporation (NYSE:KRA) for 419,687 shares. Globeflex Cap Limited Partnership holds 0.03% or 2,177 shares. Goldman Sachs Grp reported 269,348 shares stake. Boston Advsrs Llc has invested 0.02% in Kraton Corporation (NYSE:KRA). Moreover, Ellington Mngmt Grp Ltd Liability has 0.03% invested in Kraton Corporation (NYSE:KRA). Northpointe stated it has 65,209 shares. Ameritas Investment Ptnrs reported 0.01% in Kraton Corporation (NYSE:KRA). The Pennsylvania-based Federated Investors Inc Pa has invested 0.01% in Kraton Corporation (NYSE:KRA).

Weber Alan W, which manages about $228.55 million US Long portfolio, upped its stake in Sportsmans Wharehouse Holdings Inc (NASDAQ:SPWH) by 155,000 shares to 840,900 shares, valued at $5.56 million in 2017Q4, according to the filing.

Analysts await Kraton Corporation (NYSE:KRA) to report earnings on July, 25. They expect $1.09 EPS, up 32.93% or $0.27 from last year’s $0.82 per share. KRA’s profit will be $34.78M for 11.18 P/E if the $1.09 EPS becomes a reality. After $0.58 actual EPS reported by Kraton Corporation for the previous quarter, Wall Street now forecasts 87.93% EPS growth.

Among 5 analysts covering Kraton Performance Polymers (NYSE:KRA), 3 have Buy rating, 1 Sell and 1 Hold. Therefore 60% are positive. Kraton Performance Polymers had 9 analyst reports since October 27, 2015 according to SRatingsIntel. On Wednesday, October 25 the stock rating was maintained by UBS with “Sell”. UBS maintained it with “Sell” rating and $38 target in Thursday, April 26 report. On Thursday, October 26 the stock rating was maintained by SunTrust with “Buy”. The stock has “Buy” rating by SunTrust on Wednesday, October 11. On Friday, September 1 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. UBS maintained Kraton Corporation (NYSE:KRA) on Wednesday, February 21 with “Sell” rating. The stock of Kraton Corporation (NYSE:KRA) earned “Sell” rating by UBS on Tuesday, October 27.

More notable recent Kraton Corporation (NYSE:KRA) news were published by: Seekingalpha.com which released: “Kraton’s (KRA) CEO Kevin Fogarty on Q1 2018 Results – Earnings Call Transcript” on April 28, 2018, also Seekingalpha.com with their article: “Kraton announces pricing of private offering of senior notes” published on May 18, 2018, Twst.com published: “Kraton Corporation: Kraton Corporation Announces Completion Of Refinancing Transactions” on May 25, 2018. More interesting news about Kraton Corporation (NYSE:KRA) were released by: Globenewswire.com and their article: “Market Trends Toward New Normal in Meredith, Weis Markets, Kala Pharmaceuticals, Fortress Transportation and …” published on May 22, 2018 as well as Prnewswire.com‘s news article titled: “Kraton Corporation Announces Results Of Cash Tender Offer For Any And All Of The Outstanding 10.500% Senior …” with publication date: May 21, 2018.

Since December 18, 2017, it had 0 insider buys, and 2 selling transactions for $127,877 activity. Fogarty Kevin Michael sold $52,100 worth of stock.

Investors sentiment increased to 1.55 in Q4 2017. Its up 0.51, from 1.04 in 2017Q3. It increased, as 24 investors sold PEGI shares while 42 reduced holdings. 34 funds opened positions while 68 raised stakes. 81.57 million shares or 14.64% more from 71.15 million shares in 2017Q3 were reported. Assetmark reported 46 shares or 0% of all its holdings. Cwm Lc holds 306 shares. Picton Mahoney Asset holds 59,200 shares or 0.03% of its portfolio. California State Teachers Retirement Sys invested 0.01% in Pattern Energy Group Inc. (NASDAQ:PEGI). Numeric Limited Liability, Massachusetts-based fund reported 30,600 shares. Allsquare Wealth Limited Liability has 300 shares. Barclays Public Ltd Co, United Kingdom-based fund reported 26,694 shares. Paloma Ptnrs Management reported 13,928 shares. Metropolitan Life Insur Communications accumulated 0.01% or 24,291 shares. Alliancebernstein LP stated it has 0% in Pattern Energy Group Inc. (NASDAQ:PEGI). Sg Americas Secs Ltd Liability reported 16,582 shares stake. Cohen Steers holds 0.23% or 3.88 million shares in its portfolio. Avenir reported 102,938 shares stake. Portland Inv Counsel Inc owns 78,174 shares or 1.59% of their US portfolio. Miller Howard Invests owns 512,488 shares.

Hite Hedge Asset Management Llc, which manages about $778.61M and $566.34M US Long portfolio, decreased its stake in Enbridge Energy Management L (NYSE:EEQ) by 610,827 shares to 260,084 shares, valued at $3.48M in 2017Q4, according to the filing. It also reduced its holding in Cheniere Energy Partners Lp (NYSEMKT:CQP) by 52,852 shares in the quarter, leaving it with 176,956 shares, and cut its stake in Teekay Lng Partners LP (NYSE:TGP).

Since February 1, 2018, it had 2 insider purchases, and 1 sale for $208,097 activity. $85,402 worth of stock was bought by Hall Douglas G. on Tuesday, March 6. BATKIN ALAN R bought 10,000 shares worth $171,926.

Pattern Energy Group Inc. (NASDAQ:PEGI) Institutional Positions Chart

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