As Sealed Air Corp New (SEE) Stock Price Declined, Samlyn Capital LLC Has Raised Position

May 18, 2018 - By Ned Sandoval

Sealed Air Corporation (NYSE:SEE) Logo

Robert Pohly increased its stake in Sealed Air Corp New (SEE) by 579.31% based on its latest 2017Q4 regulatory filing with the SEC. Samlyn Capital Llc bought 1.75M shares as the company’s stock declined 14.10% with the market. The hedge fund run by Robert Pohly held 2.05M shares of the major chemicals company at the end of 2017Q4, valued at $100.97M, up from 301,500 at the end of the previous reported quarter. Samlyn Capital Llc who had been investing in Sealed Air Corp New for a number of months, seems to be bullish on the $7.02B market cap company. The stock decreased 0.23% or $0.1 during the last trading session, reaching $43.57. About 1.47M shares traded. Sealed Air Corporation (NYSE:SEE) has declined 3.17% since May 18, 2017 and is downtrending. It has underperformed by 14.72% the S&P500.

Samlyn Capital Llc, which manages about $7.24B and $4.36 billion US Long portfolio, decreased its stake in Mastercard Incorporated (NYSE:MA) by 133,395 shares to 648,351 shares, valued at $98.14 million in 2017Q4, according to the filing. It also reduced its holding in Corelogic Inc (NYSE:CLGX) by 329,113 shares in the quarter, leaving it with 1.15 million shares, and cut its stake in Automatic Data Processing In (NASDAQ:ADP).

More news for Sealed Air Corporation (NYSE:SEE) were recently published by: Businesswire.com, which released: “Board of Directors Elects Jerry R. Whitaker Chairman of the Board” on May 17, 2018. Streetinsider.com‘s article titled: “Sealed Air (SEE) Board of Directors Elects Jerry R. Whitaker Chairman” and published on May 17, 2018 is yet another important article.

Sealed Air Corporation (NYSE:SEE) Ratings Coverage

Among 8 analysts covering Sealed Air (NYSE:SEE), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Sealed Air had 10 analyst reports since December 15, 2017 according to SRatingsIntel. The firm earned “Overweight” rating on Friday, December 15 by Barclays Capital. BMO Capital Markets maintained Sealed Air Corporation (NYSE:SEE) rating on Thursday, January 25. BMO Capital Markets has “Hold” rating and $50.0 target. Bank of America maintained the shares of SEE in report on Friday, February 9 with “Buy” rating. Vertical Research upgraded Sealed Air Corporation (NYSE:SEE) on Monday, February 12 to “Buy” rating. The firm has “Hold” rating given on Wednesday, January 31 by SunTrust. Citigroup maintained Sealed Air Corporation (NYSE:SEE) on Friday, February 9 with “Neutral” rating. The firm has “Neutral” rating by JP Morgan given on Monday, February 12. The firm has “Buy” rating given on Friday, May 4 by Bank of America. The company was maintained on Friday, February 9 by KeyBanc Capital Markets. The firm earned “Neutral” rating on Friday, May 4 by Citigroup.

Sealed Air Corporation (NYSE:SEE) Ratings Chart

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