Sealed Air Corp (SEE) Shares Obtained by Sphera Funds Management LTD.

Sealed Air Corp (SEE) Shares Obtained by Sphera Funds Management LTD.

Sphera Funds Management LTD. raised its stake in Sealed Air Corp (NYSE:SEE) by 28.6% during the first quarter, Holdings Channel reports. The firm owned 4,500 shares of the industrial products company’s stock after buying an additional 1,000 shares during the period. Sphera Funds Management LTD.’s holdings in Sealed Air Corp were worth $196,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Assetmark Inc. increased its position in shares of Sealed Air Corp by 1.0% in the first quarter. Assetmark Inc. now owns 2,444 shares of the industrial products company’s stock valued at $107,000 after buying an additional 25 shares during the period. TrimTabs Asset Management LLC purchased a new stake in shares of Sealed Air Corp during the first quarter worth approximately $109,000. Seven Eight Capital LP purchased a new stake in shares of Sealed Air Corp during the fourth quarter worth approximately $156,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Sealed Air Corp by 19.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,571 shares of the industrial products company’s stock worth $163,000 after buying an additional 578 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its stake in shares of Sealed Air Corp by 0.8% in the first quarter. CENTRAL TRUST Co now owns 3,830 shares of the industrial products company’s stock worth $167,000 after buying an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 89.74% of the company’s stock.

Shares of Sealed Air Corp (NYSE SEE) traded down 0.38% on Friday, reaching $44.53. The company had a trading volume of 7,281,772 shares. The firm has a market capitalization of $8.72 billion, a price-to-earnings ratio of 25.59 and a beta of 1.27. The firm has a 50-day moving average price of $43.95 and a 200 day moving average price of $45.99. Sealed Air Corp has a 1-year low of $41.74 and a 1-year high of $50.62.

Sealed Air Corp (NYSE:SEE) last announced its quarterly earnings data on Tuesday, May 9th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Sealed Air Corp had a net margin of 7.02% and a return on equity of 89.29%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 earnings per share. Equities research analysts predict that Sealed Air Corp will post $1.79 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Friday, June 2nd will be issued a dividend of $0.16 per share. The ex-dividend date is Wednesday, May 31st. This represents a $0.64 annualized dividend and a dividend yield of 1.43%. Sealed Air Corp’s payout ratio is 26.56%.

SEE has been the subject of a number of research reports. Goldman Sachs Group Inc cut Sealed Air Corp from a “conviction-buy” rating to a “buy” rating and lowered their price target for the stock from $53.00 to $50.00 in a research report on Tuesday, April 4th. Zacks Investment Research cut Sealed Air Corp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 14th. Royal Bank of Canada reaffirmed a “buy” rating and set a $55.00 price target on shares of Sealed Air Corp in a research report on Tuesday, March 21st. Bank of America Corp cut Sealed Air Corp from a “buy” rating to a “neutral” rating and set a $43.00 price target for the company. in a research report on Tuesday, May 9th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $45.00 price objective (down previously from $50.00) on shares of Sealed Air Corp in a report on Tuesday, March 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $48.50.

In related news, insider Jerome A. Peribere bought 6,960 shares of the business’s stock in a transaction dated Friday, May 12th. The shares were acquired at an average price of $42.97 per share, for a total transaction of $299,071.20. Following the purchase, the insider now owns 199,000 shares in the company, valued at approximately $8,551,030. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO William G. Stiehl sold 3,000 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $43.43, for a total transaction of $130,290.00. Following the completion of the sale, the chief accounting officer now owns 37,797 shares in the company, valued at approximately $1,641,523.71. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Sealed Air Corp Company Profile

Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Company’s segments are Food Care, Diversey Care, Product Care and Other (includes Corporate, Medical Applications and New Ventures businesses). The Food Care segment focuses on providing a range of integrated system solutions.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “SEE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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