Sealed Air Corp New (SEE) Holder Permian Investment Partners LP Has Upped Its Holding

May 19, 2018 - By Winifred Garcia

Sealed Air Corporation (NYSE:SEE) Logo

Permian Investment Partners Lp increased its stake in Sealed Air Corp New (SEE) by 14.1% based on its latest 2017Q4 regulatory filing with the SEC. Permian Investment Partners Lp bought 220,483 shares as the company’s stock declined 14.10% with the market. The institutional investor held 1.78M shares of the major chemicals company at the end of 2017Q4, valued at $87.98 million, up from 1.56M 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 $7.15B market cap company. The stock increased 1.88% or $0.82 during the last trading session, reaching $44.39. About 1.33M shares traded. Sealed Air Corporation (NYSE:SEE) has declined 3.17% since May 19, 2017 and is downtrending. It has underperformed by 14.72% the S&P500.

Permian Investment Partners Lp, which manages about $823.32 million and $811.27 million US Long portfolio, decreased its stake in Arconic Inc by 1.62M shares to 86,022 shares, valued at $2.34 million in 2017Q4, according to the filing.

More important recent Sealed Air Corporation (NYSE:SEE) news were published by: Globenewswire.com which released: “Analysis: Positioning to Benefit within USA Technologies, Bloomin’ Brands, MBIA, NextEra Energy, Sealed Air, and …” on May 11, 2018, also Streetinsider.com published article titled: “Sealed Air (SEE) Board of Directors Elects Jerry R. Whitaker Chairman”, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For May 18, 2018” on May 18, 2018. More interesting news about Sealed Air Corporation (NYSE:SEE) was released by: Gurufocus.com and their article: “US Stocks Mixed Friday” with publication date: May 18, 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 has $59 highest and $46 lowest target. $49.29’s average target is 11.04% above currents $44.39 stock price. Sealed Air had 11 analyst reports since December 15, 2017 according to SRatingsIntel. BMO Capital Markets maintained the stock with “Hold” rating in Thursday, January 25 report. Citigroup maintained the shares of SEE in report on Friday, May 4 with “Neutral” rating. The rating was maintained by Citigroup on Friday, February 9 with “Neutral”. The stock of Sealed Air Corporation (NYSE:SEE) has “Overweight” rating given on Friday, December 15 by Barclays Capital. The firm has “Hold” rating given on Wednesday, January 31 by SunTrust. Vertical Research upgraded the shares of SEE in report on Monday, February 12 to “Buy” rating. The rating was maintained by JP Morgan on Monday, February 12 with “Neutral”. KeyBanc Capital Markets maintained Sealed Air Corporation (NYSE:SEE) on Friday, February 9 with “Hold” rating. The firm has “Buy” rating by Bank of America given on Friday, May 4. On Friday, February 9 the stock rating was maintained by Bank of America with “Buy”.

Sealed Air Corporation (NYSE:SEE) Ratings Chart

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