Permian Investment Partners LP Has Boosted Sealed Air Corp New (SEE) Position by $9.23 Million

June 17, 2018 - By Peter Erickson

Sealed Air Corporation (NYSE:SEE) Logo

Permian Investment Partners Lp increased its stake in Sealed Air Corp New (SEE) by 12.32% based on its latest 2018Q1 regulatory filing with the SEC. Permian Investment Partners Lp bought 219,825 shares as the company’s stock rose 6.94% while stock markets declined. The institutional investor held 2.00M shares of the major chemicals company at the end of 2018Q1, valued at $85.77M, up from 1.78M at the end of the previous reported quarter. Permian Investment Partners Lp who had been investing in Sealed Air Corp New for a number of months, seems to be bullish on the $7.25B market cap company. The stock increased 2.11% or $0.93 during the last trading session, reaching $45. About 3.75M shares traded or 138.44% up from the average. Sealed Air Corporation (NYSE:SEE) has risen 3.51% since June 17, 2017 and is uptrending. It has underperformed by 9.06% the S&P500.

Permian Investment Partners Lp, which manages about $823.32M and $733.68 million US Long portfolio, decreased its stake in Tim Participacoes S A (NYSE:TSU) by 787,417 shares to 2.01M shares, valued at $43.59M in 2018Q1, according to the filing.

Another recent and important Sealed Air Corporation (NYSE:SEE) news was published by Bizjournals.com which published an article titled: “Pharmapacks raises $32.5 million, sells minority stake” on June 12, 2018.

Sealed Air Corporation (NYSE:SEE) Ratings Coverage

Among 9 analysts covering Sealed Air (NYSE:SEE), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. Sealed Air had 11 analyst reports since January 25, 2018 according to SRatingsIntel. The rating was upgraded by Vertical Research to “Buy” on Monday, February 12. The firm has “Hold” rating by KeyBanc Capital Markets given on Friday, February 9. The rating was maintained by Bank of America with “Buy” on Friday, May 4. The rating was maintained by Citigroup on Friday, May 4 with “Neutral”. The firm has “Neutral” rating by Citigroup given on Friday, February 9. BMO Capital Markets maintained the stock with “Hold” rating in Thursday, January 25 report. The firm has “Buy” rating by Bank of America given on Friday, February 9. The stock has “Hold” rating by SunTrust on Wednesday, January 31. JP Morgan maintained the shares of SEE in report on Monday, February 12 with “Neutral” rating.

Sealed Air Corporation (NYSE:SEE) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.