GAMMA Investing LLC Has $3.12 Million Position in Sealed Air Co. (NYSE:SEE)

GAMMA Investing LLC raised its position in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 8,061.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,970 shares of the industrial products company's stock after acquiring an additional 106,647 shares during the quarter. GAMMA Investing LLC owned approximately 0.07% of Sealed Air worth $3,120,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Sealed Air during the fourth quarter worth $27,000. Manchester Capital Management LLC boosted its holdings in Sealed Air by 139.4% in the 4th quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 700 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Sealed Air during the 4th quarter worth approximately $45,000. Brown Brothers Harriman & Co. raised its holdings in Sealed Air by 89.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the industrial products company's stock valued at $51,000 after acquiring an additional 712 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Sealed Air by 148.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company's stock worth $51,000 after buying an additional 913 shares during the last quarter. Institutional investors and hedge funds own 94.40% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on SEE. Mizuho lowered their price target on Sealed Air from $39.00 to $32.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Wells Fargo & Company increased their price target on shares of Sealed Air from $42.00 to $43.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Raymond James cut their target price on shares of Sealed Air from $42.00 to $36.00 and set a "strong-buy" rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group set a $36.00 price target on shares of Sealed Air in a research note on Tuesday, March 4th. Finally, UBS Group upgraded shares of Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 price objective on the stock in a research note on Monday, April 7th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $38.00.

Sealed Air Trading Down 4.3%

Sealed Air stock traded down $1.38 during midday trading on Friday, reaching $30.88. The stock had a trading volume of 944,844 shares, compared to its average volume of 1,539,781. Sealed Air Co. has a twelve month low of $22.78 and a twelve month high of $38.85. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. The firm has a market cap of $4.54 billion, a price-to-earnings ratio of 11.35 and a beta of 1.37. The firm's fifty day simple moving average is $29.72 and its two-hundred day simple moving average is $31.91.

Sealed Air (NYSE:SEE - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.14. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The firm had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.27 billion. During the same period in the previous year, the company posted $0.78 EPS. The company's quarterly revenue was down 4.4% compared to the same quarter last year. Equities analysts anticipate that Sealed Air Co. will post 3.05 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Friday, June 13th. Sealed Air's dividend payout ratio (DPR) is currently 39.60%.

About Sealed Air

Sealed Air Corporation provides packaging solutions in the Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand. It operates through two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety, shelf life extension, reduce food waste, automate processes, and optimize total cost for food processors in the fresh red meat, smoked and processed meats, poultry, seafood, plant-based, fluids and liquids and cheese markets under the CRYOVAC, CRYOVAC Grip & Tear, CRYOVAC Darfresh, LIQUIBOX, Simple Steps, and Optidure brands.