Traders Purchase High Volume of Put Options on Sealed Air (SEE)

Sealed Air Corp (NYSE:SEE) saw unusually large options trading activity on Tuesday. Stock investors purchased 8,433 put options on the company. This represents an increase of approximately 9,706% compared to the average daily volume of 86 put options.

In related news, SVP Emile Z. Chammas sold 6,000 shares of Sealed Air stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $45.24, for a total value of $271,440.00. Following the completion of the transaction, the senior vice president now owns 142,077 shares in the company, valued at $6,427,563.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO William G. Stiehl sold 3,000 shares of Sealed Air stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $48.98, for a total transaction of $146,940.00. Following the completion of the transaction, the chief financial officer now owns 34,797 shares of the company’s stock, valued at approximately $1,704,357.06. The disclosure for this sale can be found here. 1.05% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in SEE. Massey Quick Simon & CO. LLC acquired a new position in shares of Sealed Air in the 3rd quarter valued at $140,000. King Luther Capital Management Corp acquired a new position in shares of Sealed Air in the 2nd quarter valued at $205,000. Ameritas Investment Partners Inc. increased its holdings in shares of Sealed Air by 1.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,772 shares of the industrial products company’s stock valued at $213,000 after acquiring an additional 70 shares during the period. IFM Investors Pty Ltd acquired a new position in shares of Sealed Air in the 3rd quarter valued at $242,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Sealed Air in the 3rd quarter valued at $295,000. 93.00% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently issued reports on SEE shares. Bank of America set a $50.00 price target on shares of Sealed Air and gave the stock a “buy” rating in a research note on Friday, October 13th. Zacks Investment Research downgraded shares of Sealed Air from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. TheStreet upgraded shares of Sealed Air from a “c+” rating to a “b-” rating in a research report on Thursday, November 30th. SunTrust Banks restated a “buy” rating and set a $49.00 price objective on shares of Sealed Air in a research report on Friday, November 17th. Finally, KeyCorp restated a “hold” rating on shares of Sealed Air in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $49.42.

Sealed Air (NYSE:SEE) opened at $49.10 on Friday. The company has a market cap of $8,792.03, a price-to-earnings ratio of 9.35, a PEG ratio of 5.08 and a beta of 1.24. Sealed Air has a 1-year low of $41.22 and a 1-year high of $50.62. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.70 and a quick ratio of 1.34.

Sealed Air (NYSE:SEE) last announced its earnings results on Wednesday, November 8th. The industrial products company reported $0.46 EPS for the quarter, meeting analysts’ consensus estimates of $0.46. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Sealed Air had a net margin of 20.15% and a return on equity of 67.60%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 EPS. analysts predict that Sealed Air will post 1.8 earnings per share for the current fiscal year.

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Sealed Air 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. The Food Care segment focuses on providing a range of integrated system solutions.

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