Signaturefd LLC Sells 5,117 Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP)

Signaturefd LLC reduced its stake in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 27.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,622 shares of the company’s stock after selling 5,117 shares during the period. Signaturefd LLC’s holdings in Ardagh Metal Packaging were worth $41,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AMBP. Cibc World Markets Corp purchased a new position in Ardagh Metal Packaging in the fourth quarter valued at approximately $41,000. Larson Financial Group LLC purchased a new position in shares of Ardagh Metal Packaging during the 4th quarter valued at $30,000. Nordwand Advisors LLC grew its stake in shares of Ardagh Metal Packaging by 3.6% during the 4th quarter. Nordwand Advisors LLC now owns 754,987 shares of the company’s stock worth $2,273,000 after acquiring an additional 26,000 shares during the period. Callan Family Office LLC purchased a new stake in Ardagh Metal Packaging in the 4th quarter worth about $131,000. Finally, Aigen Investment Management LP bought a new stake in Ardagh Metal Packaging in the 4th quarter valued at about $42,000. Hedge funds and other institutional investors own 16.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AMBP shares. UBS Group cut their target price on shares of Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating for the company in a research report on Friday, January 10th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $3.35 price objective (down from $3.60) on shares of Ardagh Metal Packaging in a research note on Thursday, January 16th. Bank of America cut shares of Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and lowered their target price for the company from $4.90 to $4.00 in a report on Wednesday, December 11th. Citigroup cut their price target on Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, Morgan Stanley upgraded Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and decreased their price objective for the company from $3.60 to $3.10 in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $3.44.

Ardagh Metal Packaging Price Performance

AMBP opened at $2.89 on Wednesday. The firm has a market capitalization of $1.73 billion, a P/E ratio of -24.08, a price-to-earnings-growth ratio of 0.54 and a beta of 0.63. Ardagh Metal Packaging S.A. has a one year low of $2.50 and a one year high of $4.26. The company has a fifty day moving average price of $2.78 and a 200-day moving average price of $3.26.

Ardagh Metal Packaging (NYSE:AMBP) last posted its earnings results on Thursday, February 27th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%. On average, analysts expect that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 13.84%. The ex-dividend date is Thursday, March 13th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is -800.00%.

Ardagh Metal Packaging Company Profile

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.