Daniel Lascano Turns Bearish On Two Of His Top Picks

In conglomerate Sealed Air Corp (NYSE:SEE), Lascano decreased his stake by 22% to 661,185 shares with a value of $30.12 million. The packaging company has returned 23.2% on the exchange year-to-date and is up by an impressive 51.4% during the last year. Sealed Air Corp, founded in 1960 and with its headquarters in Charlotte, North Carolina, increased its earnings for fiscal year 2014 to $1.20 compared to $0.44 the year before. The earnings for the first quarter this year were also up by 39.4% compared to the same quarter the year before, setting the company up for an even better fiscal year 2015. Sealed Air Corp (NYSE:SEE) generates around 65% of its revenue from outside the U.S and 26% in developing markets. John Lykouretzos, representing Hoplite Capital Management also decreased his stake during the quarter, by 19%, leaving him with 5.04 million shares.

In Realogy Holdings Corp (NYSE:RLGY), Lascano decreased his stake by 13% to 565,255 shares with a value of $25.71 million. Realogy Holdings Corp has returned 3.2% year­-to-date and is up by 29.1% during the last year. The returns for the first quarter posted earlier this spring met the analysts’ expectations of a loss per share of $0.22 and analysts are now expecting earnings of $0.70 per share for the second quarter, which are scheduled to be posted on August 3. The acquisition of ZipRealty, which Realogy Holdings Corp (NYSE:RLGY) made last summer, added an important online platform to Realogy Holdings Corp (NYSE:RLGY), a purchase that is now beginning to show results. David Gallo‘s Valinor Management LLC decreased his stake in the New York-based real estate brokerage firm by 6% to 2.61 million shares.

Disclosure: None