Permian Investment Partners LP Increases Position in Sealed Air Corp New (SEE)

June 17, 2018 - By Stephen Andrade

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Permian Investment Partners Lp increased its stake in Sealed Air Corp New (SEE) by 12.32% based on its latest 2018Q1 regulatory filing with the SEC. Permian Investment Partners Lp bought 219,825 shares as the company’s stock rose 6.94% while stock markets declined. The institutional investor held 2.00M shares of the major chemicals company at the end of 2018Q1, valued at $85.77M, up from 1.78M 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 $7.25B market cap company. The stock increased 2.11% or $0.93 during the last trading session, reaching $45. About 3.75 million shares traded or 138.44% up from the average. Sealed Air Corporation (NYSE:SEE) has risen 3.51% since June 17, 2017 and is uptrending. It has underperformed by 9.06% the S&P500.

Permian Investment Partners Lp, which manages about $823.32 million and $733.68M US Long portfolio, decreased its stake in Tim Participacoes S A (NYSE:TSU) by 787,417 shares to 2.01 million shares, valued at $43.59 million in 2018Q1, according to the filing.

Another recent and important Sealed Air Corporation (NYSE:SEE) news was published by Bizjournals.com which published an article titled: “Pharmapacks raises $32.5 million, sells minority stake” on June 12, 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 had 11 analyst reports since January 25, 2018 according to SRatingsIntel. The rating was maintained by KeyBanc Capital Markets with “Hold” on Friday, February 9. JP Morgan maintained Sealed Air Corporation (NYSE:SEE) on Monday, February 12 with “Neutral” rating. Citigroup maintained the shares of SEE in report on Friday, February 9 with “Neutral” rating. On Friday, May 4 the stock rating was maintained by Bank of America with “Buy”. The rating was maintained by Bank of America on Friday, February 9 with “Buy”. Citigroup maintained Sealed Air Corporation (NYSE:SEE) on Friday, May 4 with “Neutral” rating. The stock of Sealed Air Corporation (NYSE:SEE) earned “Hold” rating by BMO Capital Markets on Thursday, January 25. The rating was upgraded by Vertical Research to “Buy” on Monday, February 12. The stock has “Hold” rating by SunTrust on Wednesday, January 31.

Sealed Air Corporation (NYSE:SEE) Ratings Chart

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