What Do Hedge Funds Think of Sealed Air Corp (SEE)?

Judging by the fact that Sealed Air Corp (NYSE:SEE) has experienced a declination in interest from the aggregate hedge fund industry, logic holds that there were a few hedge funds that elected to cut their full holdings by the end of the third quarter. Intriguingly, Curtis Schenker and Craig Effron’s Scoggin sold off the biggest position of the 700 funds tracked by Insider Monkey, worth about $29.9 million in stock. Ben Gambill’s fund, Tiger Eye Capital, also said goodbye to its stock, about $16.7 million worth. These bearish behaviors are intriguing to say the least, as aggregate hedge fund interest was cut by 5 funds by the end of the third quarter.

Let’s now take a look at hedge fund activity in other stocks similar to Sealed Air Corp (NYSE:SEE). These stocks are Eastman Chemical Company (NYSE:EMN), C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW), Autoliv Inc. (NYSE:ALV), and IMS Health Holdings Inc (NYSE:IMS). This group of stocks’ market values match SEE’s market value.

As you can see these stocks had an average of 26.25 hedge funds with bullish positions and the average amount invested in these stocks was $690 million. That figure was $2,192 million in SEE’s case. Eastman Chemical Company (NYSE:EMN) is the most popular stock in this table. On the other hand Autoliv Inc. (NYSE:ALV) is the least popular one with only 12 bullish hedge fund positions. Compared to these stocks Sealed Air Corp (NYSE:SEE) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.