Sandler Capital Management Lowered Its Stake in Tupperware Brands Corp (Put) (TUP) by $9.05 Million

April 16, 2018 - By Jason Grubb

Tupperware Brands Corporation (NYSE:TUP) LogoInvestors sentiment decreased to 1.14 in Q4 2017. Its down 0.09, from 1.23 in 2017Q3. It dropped, as 25 investors sold TUP shares while 113 reduced holdings. 48 funds opened positions while 109 raised stakes. 40.69 million shares or 1.53% more from 40.08 million shares in 2017Q3 were reported. Brown Brothers Harriman has 0% invested in Tupperware Brands Corporation (NYSE:TUP). The California-based Aperio Grp Ltd Liability Company has invested 0.02% in Tupperware Brands Corporation (NYSE:TUP). Invesco reported 0% of its portfolio in Tupperware Brands Corporation (NYSE:TUP). Kanawha Lc accumulated 42,665 shares. Sg Americas Secs Ltd holds 16,769 shares. Parallax Volatility Advisers Ltd Partnership invested in 0% or 886 shares. Ftb Advisors has invested 0% in Tupperware Brands Corporation (NYSE:TUP). Baystate Wealth Mgmt Llc invested in 0% or 200 shares. Laurion Capital Mgmt Limited Partnership reported 0% of its portfolio in Tupperware Brands Corporation (NYSE:TUP). Parametric Ltd Liability Corporation accumulated 0.01% or 188,791 shares. Geode Ltd Liability Corporation stated it has 416,352 shares or 0.01% of all its holdings. Nomura Hldg has 0% invested in Tupperware Brands Corporation (NYSE:TUP). Cullen Frost Bankers has invested 0.01% in Tupperware Brands Corporation (NYSE:TUP). Citadel Advsr Ltd Liability Corp, Illinois-based fund reported 27,750 shares. The California-based Affinity Investment Advsr Ltd Liability Com has invested 0.29% in Tupperware Brands Corporation (NYSE:TUP).

Andrew Sandler decreased its stake in Tupperware Brands Corp (Put) (TUP) by 22.32% based on its latest 2017Q4 regulatory filing with the SEC. Sandler Capital Management sold 146,000 shares as the company’s stock declined 24.25% with the market. The hedge fund run by Andrew Sandler held 508,000 shares of the plastic products company at the end of 2017Q4, valued at $31.85M, down from 654,000 at the end of the previous reported quarter. Sandler Capital Management who had been investing in Tupperware Brands Corp (Put) for a number of months, seems to be less bullish one the $2.15B market cap company. The stock increased 1.03% or $0.4295 during the last trading session, reaching $42.1395. About 113,892 shares traded. Tupperware Brands Corporation (NYSE:TUP) has declined 23.86% since April 16, 2017 and is downtrending. It has underperformed by 35.41% the S&P500.

Sandler Capital Management, which manages about $3.75 billion and $710.56M US Long portfolio, upped its stake in Nuvasive Inc (Put) (NASDAQ:NUVA) by 100,500 shares to 350,500 shares, valued at $20.50 million in 2017Q4, according to the filing. It also increased its holding in Hunt J B Trans Svcs Inc (NASDAQ:JBHT) by 45,540 shares in the quarter, for a total of 85,540 shares, and has risen its stake in Crown Castle Intl Corp New (NYSE:CCI).

Analysts await Tupperware Brands Corporation (NYSE:TUP) to report earnings on April, 24. They expect $1.05 EPS, up 3.96 % or $0.04 from last year’s $1.01 per share. TUP’s profit will be $53.67M for 10.03 P/E if the $1.05 EPS becomes a reality. After $1.59 actual EPS reported by Tupperware Brands Corporation for the previous quarter, Wall Street now forecasts -33.96 % negative EPS growth.

Tupperware Brands Corporation (NYSE:TUP) Ratings Coverage

Among 5 analysts covering Tupperware Brands (NYSE:TUP), 0 have Buy rating, 1 Sell and 4 Hold. Therefore 0 are positive. Tupperware Brands had 11 analyst reports since October 26, 2017 according to SRatingsIntel. Bank of America maintained it with “Underperform” rating and $47 target in Tuesday, April 10 report. SunTrust maintained it with “Hold” rating and $4700 target in Tuesday, April 10 report. As per Wednesday, April 11, the company rating was maintained by Morgan Stanley. The firm earned “Hold” rating on Tuesday, November 21 by KeyBanc Capital Markets. The stock of Tupperware Brands Corporation (NYSE:TUP) has “Neutral” rating given on Tuesday, March 13 by Citigroup. The firm earned “Underperform” rating on Thursday, February 22 by Bank of America. The firm has “Equal-Weight” rating given on Thursday, October 26 by Morgan Stanley. SunTrust maintained Tupperware Brands Corporation (NYSE:TUP) rating on Wednesday, January 31. SunTrust has “Hold” rating and $64.0 target. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, April 5 report. As per Thursday, February 1, the company rating was maintained by Morgan Stanley.

Tupperware Brands Corporation (NYSE:TUP) Institutional Positions Chart

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