Sealed Air Corp (SEE) : Permian Investment Partners Lp reduced its stake in Sealed Air Corp by 17.57% during the most recent quarter end. The investment management company now holds a total of 1,248,658 shares of Sealed Air Corp which is valued at $58,399,735 after selling 266,244 shares in Sealed Air Corp , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Sealed Air Corp makes up approximately 9.34% of Permian Investment Partners Lp’s portfolio.
Other Hedge Funds, Including , Fdx Advisors reduced its stake in SEE by selling 4,858 shares or 37.74% in the most recent quarter. The Hedge Fund company now holds 8,015 shares of SEE which is valued at $373,739. Sealed Air Corp makes up approx 0.02% of Fdx Advisors’s portfolio. Citadel Advisors added SEE to its portfolio by purchasing 56,244 company shares during the most recent quarter which is valued at $2,640,093. Sealed Air Corp makes up approx 0.01% of Citadel Advisors’s portfolio.Kanaly Trust Co reduced its stake in SEE by selling 176 shares or 76.52% in the most recent quarter. The Hedge Fund company now holds 54 shares of SEE which is valued at $2,482.
Sealed Air Corp closed down -0.56 points or -1.17% at $47.19 with 7,20,113 shares getting traded on Monday. Post opening the session at $47.65, the shares hit an intraday low of $47.14 and an intraday high of $47.83 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Sealed Air Corp reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.69. The company had revenue of $1717.00 million for the quarter, compared to analysts expectations of $1738.17 million. The company’s revenue was down -1.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.70 EPS.
Investors should note that on Oct 6, 2016, Sealed Air Corp announced a cash dividend of $0.1600. The company’s management has announced Nov 30, 2016 as the ex-dividend date and fixed the record date on Dec 2, 2016. The payable date has been fixed on Dec 16, 2016.
Many Wall Street Analysts have commented on Sealed Air Corp. JP Morgan Initiated Sealed Air Corp on Sep 13, 2016 to “Neutral”, Price Target of the shares are set at $53.UBS Initiated Sealed Air Corp on Aug 23, 2016 to “Buy”, Price Target of the shares are set at $54.
Sealed Air Corporation is engaged in food safety and security facility hygiene and product protection business. The Company’s segments include Food Care which provides integrated system solutions for retailers and food service operators; Diversey Care which provides integrated system solutions for food safety and security under Diversey brand; Product Care which provides product care solutions to meet cushioning void fill positioning or block-and-bracing and surface protection among others and Other which includes corporate medical applications and new ventures businesses. Its brands include Cryovac packaging technology Diversey and Taski brand cleaning and hygiene solutions Bubble Wrap brand cushioning Jiffy protective mailers and Instapak foam-in-place systems. In addition the Company offers I-Pack system which supports various pick stations and e-Cube system which is an automated packaging solution.