Ardagh Metal Packaging S.A. (NYSE:AMBP) Stake Reduced by Barclays PLC

Barclays PLC trimmed its stake in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 11.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 385,653 shares of the company’s stock after selling 52,222 shares during the quarter. Barclays PLC’s holdings in Ardagh Metal Packaging were worth $1,454,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of AMBP. Ballentine Partners LLC acquired a new stake in shares of Ardagh Metal Packaging in the 3rd quarter worth about $42,000. Quarry LP bought a new position in Ardagh Metal Packaging in the 2nd quarter worth about $45,000. nVerses Capital LLC increased its stake in shares of Ardagh Metal Packaging by 70.4% in the third quarter. nVerses Capital LLC now owns 12,100 shares of the company’s stock valued at $46,000 after purchasing an additional 5,000 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Ardagh Metal Packaging by 34.5% during the second quarter. Principal Financial Group Inc. now owns 19,521 shares of the company’s stock valued at $66,000 after buying an additional 5,009 shares during the last quarter. Finally, Signaturefd LLC boosted its position in shares of Ardagh Metal Packaging by 23.1% during the third quarter. Signaturefd LLC now owns 18,739 shares of the company’s stock worth $71,000 after buying an additional 3,515 shares during the period. Institutional investors and hedge funds own 16.93% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on AMBP. Wells Fargo & Company upgraded Ardagh Metal Packaging from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $4.25 to $5.00 in a research report on Tuesday, October 15th. Citigroup lifted their price objective on shares of Ardagh Metal Packaging from $4.00 to $4.50 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Finally, Bank of America lowered shares of Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and decreased their target price for the company from $4.90 to $4.00 in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $3.92.

Ardagh Metal Packaging Trading Up 1.3 %

Shares of Ardagh Metal Packaging stock opened at $3.02 on Friday. The business has a fifty day simple moving average of $3.55 and a 200-day simple moving average of $3.57. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of -25.16, a price-to-earnings-growth ratio of 0.78 and a beta of 0.61. Ardagh Metal Packaging S.A. has a fifty-two week low of $2.95 and a fifty-two week high of $4.26. The company has a quick ratio of 0.88, a current ratio of 1.17 and a debt-to-equity ratio of 124.21.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.34 billion. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. Ardagh Metal Packaging’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.06 EPS. On average, equities analysts forecast that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a $0.10 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.40 annualized dividend and a yield of 13.25%. Ardagh Metal Packaging’s dividend payout ratio (DPR) is -333.33%.

About Ardagh Metal Packaging

Ardagh Metal Packaging SA, together with its subsidiaries, supplies consumer metal beverage cans in Europe, the United States, and Brazil. Its products are used in various end-use categories, including beer, carbonated soft drinks, energy drinks, hard seltzers, juices, pre-mixed cocktails, teas, sparkling waters, and wine.