Sealed Air Corp New (SEE) Valuation Declined While Permian Investment Partners LP Has Upped Its Holding

December 8, 2017 - By Darrin Black

Permian Investment Partners Lp increased its stake in Sealed Air Corp New (SEE) by 1918.37% based on its latest 2017Q2 regulatory filing with the SEC. Permian Investment Partners Lp bought 2.78M shares as the company’s stock declined 9.02% while stock markets rallied. The institutional investor held 2.92M shares of the major chemicals company at the end of 2017Q2, valued at $130.91M, up from 144,900 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 $8.65B market cap company. The stock increased 0.80% or $0.38 during the last trading session, reaching $47.96. About 2.98 million shares traded or 20.29% up from the average. Sealed Air Corporation (NYSE:SEE) has declined 6.94% since December 8, 2016 and is downtrending. It has underperformed by 23.64% the S&P500.

More notable recent Sealed Air Corporation (NYSE:SEE) news were published by: Zacks.com which released: “Sealed Air Hikes Prices in EMEA to Combat Escalating Costs” on December 06, 2017, also Nasdaq.com with their article: “Sealed Air Corporation (SEE) Ex-Dividend Date Scheduled for November 30, 2017” published on November 29, 2017, Businesswire.com published: “Sealed Air Announces Price Increase for Food Care Products in Europe, Middle …” on December 05, 2017. More interesting news about Sealed Air Corporation (NYSE:SEE) were released by: Marketwatch.com and their article: “Sealed Air to increase prices for food care products in EMEA by 2.5% to 5.0%” published on December 05, 2017 as well as Bizjournals.com‘s news article titled: “Diversey has new brand, logo after spinning off from Sealed Air” with publication date: November 16, 2017.

Sealed Air Corporation (NYSE:SEE) Ratings Coverage

Among 14 analysts covering Sealed Air Corporation (NYSE:SEE), 6 have Buy rating, 0 Sell and 8 Hold. Therefore 43% are positive. Sealed Air Corporation had 44 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, October 13 by Bank of America. As per Thursday, September 7, the company rating was downgraded by Citigroup. The firm has “Sector Perform” rating given on Thursday, May 11 by RBC Capital Markets. The firm has “Hold” rating given on Friday, June 9 by BMO Capital Markets. KeyBanc Capital Markets maintained the stock with “Hold” rating in Wednesday, September 27 report. RBC Capital Markets maintained the shares of SEE in report on Thursday, November 9 with “Hold” rating. The firm has “Buy” rating given on Tuesday, August 23 by UBS. The firm has “Hold” rating by BMO Capital Markets given on Friday, August 25. The stock of Sealed Air Corporation (NYSE:SEE) earned “Buy” rating by SunTrust on Wednesday, July 13. The company was downgraded on Tuesday, November 10 by Macquarie Research.

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