Manchester Capital Management LLC Has $41,000 Stock Position in Sealed Air Co. (NYSE:SEE)

Manchester Capital Management LLC grew its position in Sealed Air Co. (NYSE:SEE) by 139.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,202 shares of the industrial products company’s stock after acquiring an additional 700 shares during the period. Manchester Capital Management LLC’s holdings in Sealed Air were worth $41,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kwmg LLC grew its holdings in shares of Sealed Air by 5.0% in the 4th quarter. Kwmg LLC now owns 136,537 shares of the industrial products company’s stock valued at $4,619,000 after buying an additional 6,527 shares during the period. Empowered Funds LLC acquired a new position in Sealed Air in the 3rd quarter worth $1,497,000. Maple Rock Capital Partners Inc. boosted its stake in Sealed Air by 56.6% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 1,517,493 shares of the industrial products company’s stock worth $55,085,000 after purchasing an additional 548,493 shares during the period. Sound Income Strategies LLC boosted its stake in Sealed Air by 13.8% in the 4th quarter. Sound Income Strategies LLC now owns 79,429 shares of the industrial products company’s stock worth $2,687,000 after purchasing an additional 9,634 shares during the period. Finally, Commerce Bank boosted its stake in Sealed Air by 67.6% in the 3rd quarter. Commerce Bank now owns 36,601 shares of the industrial products company’s stock worth $1,329,000 after purchasing an additional 14,766 shares during the period. Institutional investors and hedge funds own 94.40% of the company’s stock.

Analyst Upgrades and Downgrades

SEE has been the subject of a number of research analyst reports. Morgan Stanley reduced their target price on shares of Sealed Air from $39.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Truist Financial upped their target price on shares of Sealed Air from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Mizuho cut their price target on shares of Sealed Air from $45.00 to $42.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. StockNews.com cut shares of Sealed Air from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, UBS Group cut their price target on shares of Sealed Air from $39.00 to $37.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Eight analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $40.00.

Sealed Air Stock Down 0.3 %

Shares of SEE opened at $33.99 on Friday. Sealed Air Co. has a 52 week low of $30.87 and a 52 week high of $41.14. The firm has a market cap of $4.95 billion, a P/E ratio of 12.49 and a beta of 1.34. The firm’s 50-day simple moving average is $34.57 and its 200 day simple moving average is $35.03. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29.

Sealed Air Company Profile

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.