Ardagh Metal Packaging S.A. (NYSE:AMBP) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP trimmed its position in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 5.1% during the fourth quarter, Holdings Channel reports. The firm owned 82,647 shares of the company’s stock after selling 4,417 shares during the quarter. Quantbot Technologies LP’s holdings in Ardagh Metal Packaging were worth $249,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Larson Financial Group LLC purchased a new stake in shares of Ardagh Metal Packaging in the 4th quarter valued at $30,000. Xponance Inc. purchased a new position in Ardagh Metal Packaging during the 4th quarter valued at about $41,000. Cibc World Markets Corp acquired a new position in Ardagh Metal Packaging in the 4th quarter valued at about $41,000. Aigen Investment Management LP purchased a new stake in Ardagh Metal Packaging during the fourth quarter worth about $42,000. Finally, Fidelis Capital Partners LLC lifted its position in shares of Ardagh Metal Packaging by 52.9% during the fourth quarter. Fidelis Capital Partners LLC now owns 26,781 shares of the company’s stock worth $81,000 after purchasing an additional 9,266 shares in the last quarter. 16.93% of the stock is currently owned by hedge funds and other institutional investors.

Ardagh Metal Packaging Trading Up 0.8 %

Shares of AMBP opened at $3.01 on Friday. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of -25.04, a PEG ratio of 0.54 and a beta of 0.63. The firm’s fifty day simple moving average is $2.79 and its 200-day simple moving average is $3.25. Ardagh Metal Packaging S.A. has a twelve month low of $2.50 and a twelve month high of $4.26.

Ardagh Metal Packaging (NYSE:AMBP) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $1.20 billion for 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 predict that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $0.10 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.40 annualized dividend and a yield of 13.31%. Ardagh Metal Packaging’s dividend payout ratio is currently -800.00%.

Wall Street Analysts Forecast Growth

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

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.