Stock Traders Purchase High Volume of Sealed Air Put Options

GSA Capital Partners LLP purchased a new position in shares of Sealed Air Corporation during the third quarter worth about $754,000. Stock investors acquired 3,243 put options on the stock. Finally, Cleararc Capital Inc. increased its stake in shares of Sealed Air Corp by 1.3% in the first quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sealed Air earned a news impact score of 0.16 on Accern's scale. Massey Quick Simon & CO. Global X Management Co. Permian Investment Partners Lp bought 2.78 million shares as the company's stock declined 9.02% while stock markets rallied. Pacer Advisors Inc. increased its position in shares of Sealed Air by 8.1% during the second quarter. California Public Employees Retirement System now owns 550,405 shares of the industrial products company's stock worth $23,513,000 after acquiring an additional 24,705 shares in the last quarter. Finally, King Luther Capital Management Corp bought a new stake in shares of Sealed Air in the 2nd quarter valued at about $205,000. Insiders own 1.05% of the company's stock.

A number of equities analysts recently commented on the stock. BMO Capital Markets restated a "hold" rating and issued a $47.00 target price on shares of Sealed Air in a research note on Sunday, August 27th. Bank of America set a $50.00 price target on shares of Sealed Air and gave the company a "buy" rating in a report on Friday, October 13th.

Sealed Air Corporation is maintained at an average outperform rating by 15 stock analysts, and there are at least 4.06% of shares outstanding that are now legally short sold. Citigroup lowered shares of Sealed Air from a "buy" rating to a "neutral" rating and reduced their price target for the company from $52.00 to $47.00 in a report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company's stock. The stock now has a consensus rating of "Hold" and a consensus price target of $48.83.

In other news, Director Lawrence R. Codey sold 3,500 shares of Sealed Air stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $42.91, for a total value of $150,185.00. Associated Banc Corp now owns 6,203 shares of the industrial products company's stock valued at $281,000 after buying an additional 43 shares during the last quarter. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The company shares sank -6.96% from their peak of $130.05 and now has a $20.25 billion market value of equity. The disclosure for this purchase can be found here.

Sealed Air (SEE) traded down $0.17 during trading hours on Friday, hitting $47.79. The stock had a trading volume of 1,597,700 shares, compared to its average volume of 2,161,729. Sealed Air Corp has a 52-week low of $41.74 and a 52-week high of $50.62. The stock has a market cap of $8,651.33, a P/E ratio of 23.98, a P/E/G ratio of 6.65 and a beta of 1.23.

Headlines about Sealed Air (NYSE:SEE) have trended somewhat positive this week, according to Accern Sentiment Analysis. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.46. Sealed Air had a net margin of 5.52% and a return on equity of 41.86%. The business had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter in the previous year, the company earned $0.41 earnings per share. equities research analysts expect that Sealed Air will post 1.8 EPS for the current year. The company also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Friday, December 1st will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Thursday, November 30th. Sealed Air Corp's dividend payout ratio is 26.56%. Also, Sealed Air Corporation (SEE) needs to expand a 0.93% increase it experienced over the past twelve months. If you are reading this article on another website, it was stolen and reposted in violation of US and worldwide copyright & trademark legislation.

Sealed Air Corp Company 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.

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