Ardagh Metal Packaging S.A. (NYSE:AMBP) Shares Sold by Blue Trust Inc.

Blue Trust Inc. lowered its stake in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 20.5% during the fourth quarter, Holdings Channel reports. The fund owned 27,500 shares of the company’s stock after selling 7,112 shares during the quarter. Blue Trust Inc.’s holdings in Ardagh Metal Packaging were worth $83,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Janney Montgomery Scott LLC lifted its position in Ardagh Metal Packaging by 0.5% during the third quarter. Janney Montgomery Scott LLC now owns 641,868 shares of the company’s stock worth $2,420,000 after buying an additional 3,290 shares during the period. Signaturefd LLC grew its stake in shares of Ardagh Metal Packaging by 23.1% in the third quarter. Signaturefd LLC now owns 18,739 shares of the company’s stock valued at $71,000 after buying an additional 3,515 shares in the last quarter. Dakota Wealth Management grew its stake in Ardagh Metal Packaging by 2.8% during the 4th quarter. Dakota Wealth Management now owns 146,682 shares of the company’s stock valued at $442,000 after purchasing an additional 4,030 shares in the last quarter. US Bancorp DE grew its stake in Ardagh Metal Packaging by 17.8% during the 3rd quarter. US Bancorp DE now owns 39,978 shares of the company’s stock valued at $151,000 after purchasing an additional 6,031 shares in the last quarter. Finally, PFG Investments LLC grew its stake in Ardagh Metal Packaging by 15.4% during the 3rd quarter. PFG Investments LLC now owns 45,634 shares of the company’s stock valued at $172,000 after purchasing an additional 6,092 shares in the last quarter. Institutional investors and hedge funds own 16.93% of the company’s stock.

Ardagh Metal Packaging Trading Up 0.2 %

Shares of AMBP opened at $2.74 on Monday. The stock has a 50 day simple moving average of $2.82 and a 200-day simple moving average of $3.35. Ardagh Metal Packaging S.A. has a 1 year low of $2.50 and a 1 year high of $4.26. The stock has a market cap of $1.63 billion, a PE ratio of -22.79, a PEG ratio of 0.53 and a beta of 0.64.

Analyst Ratings Changes

AMBP has been the subject of several research reports. Morgan Stanley upgraded Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and decreased their target price for the stock from $3.60 to $3.10 in a research report on Monday, January 13th. UBS Group cut their target price on Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Wells Fargo & Company reissued an “equal weight” rating and issued a $3.35 price objective (down previously from $3.60) on shares of Ardagh Metal Packaging in a research note on Thursday, January 16th. Bank of America cut Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and decreased their target price for the stock from $4.90 to $4.00 in a report on Wednesday, December 11th. Finally, Citigroup decreased their target price on Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating on the stock in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $3.37.

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.