Sealed Air Corp (SEE) : Mrj Capital Inc scooped up 1,000 additional shares in Sealed Air Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 133,900 shares of Sealed Air Corp which is valued at $6,281,249.Sealed Air Corp makes up approximately 4.12% of Mrj Capital Inc’s portfolio.
Other Hedge Funds, Including , Quadrature Capital Ltd sold out all of its stake in SEE during the most recent quarter. The investment firm sold 14,583 shares of SEE which is valued $684,089. Acrospire Investment Management sold out all of its stake in SEE during the most recent quarter. The investment firm sold 5,800 shares of SEE which is valued $268,714.Glenmede Trust Co Na reduced its stake in SEE by selling 132 shares or 41.51% in the most recent quarter. The Hedge Fund company now holds 186 shares of SEE which is valued at $8,697.
Sealed Air Corp opened for trading at $47.55 and hit $48.2 on the upside on Tuesday, eventually ending the session at $47.65, with a gain of 1.64% or 0.77 points. The heightened volatility saw the trading volume jump to 18,37,756 shares. Company has a market cap of $9,373 M.
On the company’s financial health, Sealed Air Corp reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.64. The company had revenue of $1727.00 million for the quarter, compared to analysts expectations of $1737.75 million. The company’s revenue was down -3.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.60 EPS.
Investors should note that on Jul 7, 2016, Sealed Air Corp announced a cash dividend of $0.1600. The company’s management has announced Aug 31, 2016 as the ex-dividend date and fixed the record date on Sep 2, 2016. The payable date has been fixed on Sep 16, 2016.
Many Wall Street Analysts have commented on Sealed Air Corp. UBS Initiated Sealed Air Corp on Aug 23, 2016 to “Buy”, Price Target of the shares are set at $54.Sealed Air Corp was Upgraded by Citigroup to ” Buy” on Jul 15, 2016. SunTrust Initiated Sealed Air Corp on Jul 13, 2016 to “Buy”, Price Target of the shares are set at $54.
Sealed Air Corporation is engaged in food safety and security facility hygiene and product protection business. The Company’s segments include Food Care which provides integrated system solutions for retailers and food service operators; Diversey Care which provides integrated system solutions for food safety and security under Diversey brand; Product Care which provides product care solutions to meet cushioning void fill positioning or block-and-bracing and surface protection among others and Other which includes corporate medical applications and new ventures businesses. Its brands include Cryovac packaging technology Diversey and Taski brand cleaning and hygiene solutions Bubble Wrap brand cushioning Jiffy protective mailers and Instapak foam-in-place systems. In addition the Company offers I-Pack system which supports various pick stations and e-Cube system which is an automated packaging solution.