Kensico Capital Management Corp Lowered Its Position in Sealed Air Corp New (SEE) as Stock Declined

Sealed Air Corporation (NYSE:SEE) Logo

Kensico Capital Management Corp decreased its stake in Sealed Air Corp New (SEE) by 3.83% based on its latest 2019Q1 regulatory filing with the SEC. Kensico Capital Management Corp sold 224,500 shares as the company’s stock declined 4.72% . The hedge fund held 5.63 million shares of the major chemicals company at the end of 2019Q1, valued at $259.34M, down from 5.86 million at the end of the previous reported quarter. Kensico Capital Management Corp who had been investing in Sealed Air Corp New for a number of months, seems to be less bullish one the $6.72 billion market cap company. The stock decreased 2.23% or $0.99 during the last trading session, reaching $43.48. About 394,278 shares traded. Sealed Air Corporation (NYSE:SEE) has declined 4.85% since August 14, 2018 and is downtrending. It has underperformed by 4.85% the S&P500.

More notable recent Sealed Air Corporation (NYSE:SEE) news were published by: Finance.Yahoo.com which released: “Only 3 Days Left To Cash In On HNI Corporation (NYSE:HNI) Dividend – Yahoo Finance” on August 11, 2019, also Finance.Yahoo.com with their article: “Are Insiders Buying Terreno Realty Corporation (NYSE:TRNO) Stock? – Yahoo Finance” published on August 13, 2019, Finance.Yahoo.com published: “Martin Marietta Materials (NYSE:MLM) Has A Pretty Healthy Balance Sheet – Yahoo Finance” on August 13, 2019. More interesting news about Sealed Air Corporation (NYSE:SEE) were released by: Finance.Yahoo.com and their article: “Is It Smart To Buy MSA Safety Incorporated (NYSE:MSA) Before It Goes Ex-Dividend? – Yahoo Finance” published on August 14, 2019 as well as Finance.Yahoo.com‘s news article titled: “Is It Smart To Buy Carlisle Companies Incorporated (NYSE:CSL) Before It Goes Ex-Dividend? – Yahoo Finance” with publication date: August 14, 2019.

Sealed Air Corporation (NYSE:SEE) Ratings Coverage

Among 3 analysts covering Sealed Air (NYSE:SEE), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 0 are positive. Sealed Air had 5 analyst reports since April 5, 2019 according to SRatingsIntel. As per Tuesday, August 6, the company rating was maintained by Wells Fargo. Bank of America downgraded it to “Hold” rating and $46 target in Friday, June 21 report. KeyBanc Capital Markets downgraded Sealed Air Corporation (NYSE:SEE) on Monday, July 15 to “Underweight” rating.

Sealed Air Corporation (NYSE:SEE) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.