BlueCrest Capital Management Ltd Boosts Stake in Sealed Air Corporation (SEE)

BlueCrest Capital Management Ltd raised its stake in shares of Sealed Air Corporation (NYSE:SEE) by 1,528.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 88,658 shares of the industrial products company’s stock after purchasing an additional 83,214 shares during the period. BlueCrest Capital Management Ltd’s holdings in Sealed Air Corporation were worth $3,968,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in SEE. BlackRock Inc. raised its position in Sealed Air Corporation by 3,073.2% during the 1st quarter. BlackRock Inc. now owns 12,040,099 shares of the industrial products company’s stock worth $524,706,000 after purchasing an additional 11,660,671 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Sealed Air Corporation by 46,138.7% in the 2nd quarter. Janus Henderson Group PLC now owns 10,600,215 shares of the industrial products company’s stock worth $474,465,000 after acquiring an additional 10,577,290 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Sealed Air Corporation by 199.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,592,978 shares of the industrial products company’s stock worth $205,703,000 after acquiring an additional 3,059,792 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Sealed Air Corporation by 245.4% in the 2nd quarter. Wells Fargo & Company MN now owns 4,191,343 shares of the industrial products company’s stock worth $187,604,000 after acquiring an additional 2,977,854 shares in the last quarter. Finally, Manning & Napier Advisors LLC raised its position in shares of Sealed Air Corporation by 5,650.5% in the 2nd quarter. Manning & Napier Advisors LLC now owns 2,506,945 shares of the industrial products company’s stock worth $112,209,000 after acquiring an additional 2,463,350 shares in the last quarter. 92.06% of the stock is owned by institutional investors and hedge funds.

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In related news, Director Lawrence R. Codey sold 3,500 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $42.91, for a total transaction of $150,185.00. Following the sale, the director now owns 38,180 shares in the company, valued at $1,638,303.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.05% of the stock is currently owned by company insiders.

Shares of Sealed Air Corporation (SEE) traded down 0.215% during mid-day trading on Wednesday, hitting $44.175. The stock had a trading volume of 374,464 shares. The stock’s 50-day moving average is $43.50 and its 200 day moving average is $44.19. Sealed Air Corporation has a 1-year low of $41.22 and a 1-year high of $50.62. The firm has a market capitalization of $8.39 billion, a price-to-earnings ratio of 22.829 and a beta of 1.17.

Sealed Air Corporation (NYSE:SEE) last released its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.01). The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.06 billion. Sealed Air Corporation had a return on equity of 84.32% and a net margin of 6.81%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.65 EPS. Equities research analysts predict that Sealed Air Corporation will post $1.82 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.64 annualized dividend and a yield of 1.45%. Sealed Air Corporation’s dividend payout ratio is presently 33.16%.

Several research firms have recently weighed in on SEE. Zacks Investment Research lowered Sealed Air Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. BidaskClub lowered Sealed Air Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. BMO Capital Markets reissued a “hold” rating and issued a $47.00 price objective on shares of Sealed Air Corporation in a research report on Thursday, July 20th. Barclays PLC reissued an “equal weight” rating and issued a $45.00 price objective on shares of Sealed Air Corporation in a research report on Tuesday, September 19th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $45.00 price objective on shares of Sealed Air Corporation in a research report on Wednesday, September 13th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. Sealed Air Corporation currently has an average rating of “Hold” and an average target price of $48.50.

Sealed Air Corporation Profile

Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Company’s segments are Food Care (includes Corporate, Medical Applications and New Ventures businesses), Product Care and Corporate. The Food Care segment focuses on providing a range of integrated system solutions.

Institutional Ownership by Quarter for Sealed Air Corporation (NYSE:SEE)

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