Sealed Air Sees Unusually High Options Volume (SEE)
Sealed Air Corp (NYSE:SEE) was the recipient of some unusual options trading on Tuesday. Stock investors acquired 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 other news, CFO William G. Stiehl sold 3,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $1,704,357.06. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Emile Z. Chammas sold 6,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $45.24, for a total value of $271,440.00. Following the transaction, the senior vice president now owns 142,077 shares of the company’s stock, valued at approximately $6,427,563.48. The disclosure for this sale can be found here. Company insiders own 1.05% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in SEE. Janus Henderson Group PLC lifted its stake in Sealed Air by 46,138.7% in the second quarter. Janus Henderson Group PLC now owns 10,600,215 shares of the industrial products company’s stock worth $474,465,000 after purchasing an additional 10,577,290 shares during the last quarter. Balyasny Asset Management LLC lifted its stake in Sealed Air by 1,550.8% in the second quarter. Balyasny Asset Management LLC now owns 877,558 shares of the industrial products company’s stock worth $39,279,000 after purchasing an additional 824,400 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Sealed Air by 10.6% in the third quarter. Ameriprise Financial Inc. now owns 5,078,212 shares of the industrial products company’s stock worth $216,347,000 after purchasing an additional 485,234 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Sealed Air by 2.1% during the second quarter. Vanguard Group Inc. now owns 20,011,046 shares of the industrial products company’s stock worth $895,695,000 after acquiring an additional 403,530 shares during the period. Finally, BlackRock Inc. increased its position in shares of Sealed Air by 2.8% during the second quarter. BlackRock Inc. now owns 12,373,821 shares of the industrial products company’s stock worth $553,853,000 after acquiring an additional 333,722 shares during the period. 93.00% of the stock is owned by institutional investors and hedge funds.
Shares of Sealed Air (NYSE:SEE) opened at $48.74 on Friday. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.70 and a quick ratio of 1.34. The stock has a market cap of $8,800.00, a PE ratio of 46.87, a price-to-earnings-growth ratio of 5.06 and a beta of 1.24. Sealed Air has a 12 month low of $41.22 and a 12 month high of $50.62.
Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. Sealed Air had a net margin of 20.15% and a return on equity of 67.60%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 earnings per share. equities analysts forecast that Sealed Air will post 1.8 EPS for the current year.
About Sealed Air
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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