Ardagh Metal Packaging S.A. $AMBP Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC decreased its holdings in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 10.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,249 shares of the company’s stock after selling 3,408 shares during the quarter. HighTower Advisors LLC’s holdings in Ardagh Metal Packaging were worth $85,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AMBP. Dimensional Fund Advisors LP boosted its holdings in shares of Ardagh Metal Packaging by 6.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 935,648 shares of the company’s stock worth $2,816,000 after purchasing an additional 59,663 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Ardagh Metal Packaging by 292.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,975 shares of the company’s stock worth $33,000 after purchasing an additional 8,180 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Ardagh Metal Packaging by 22.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 57,588 shares of the company’s stock worth $174,000 after purchasing an additional 10,729 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of Ardagh Metal Packaging during the fourth quarter worth $63,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Ardagh Metal Packaging during the fourth quarter worth $103,000. Institutional investors and hedge funds own 16.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Wells Fargo & Company reduced their target price on Ardagh Metal Packaging from $5.00 to $4.50 and set an “equal weight” rating on the stock in a report on Monday, July 28th. Citigroup lifted their price objective on Ardagh Metal Packaging from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Thursday, July 3rd. Morgan Stanley lifted their price objective on Ardagh Metal Packaging from $3.50 to $4.10 and gave the company an “equal weight” rating in a research note on Wednesday, June 25th. Finally, UBS Group reduced their price objective on Ardagh Metal Packaging from $4.50 to $4.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ardagh Metal Packaging currently has an average rating of “Hold” and a consensus price target of $4.32.

Ardagh Metal Packaging Price Performance

Shares of AMBP opened at $3.58 on Friday. The stock’s 50-day moving average is $4.07 and its two-hundred day moving average is $3.61. The stock has a market cap of $2.14 billion, a PE ratio of -119.17, a P/E/G ratio of 1.26 and a beta of 0.55. Ardagh Metal Packaging S.A. has a 12 month low of $2.50 and a 12 month high of $4.78.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Ardagh Metal Packaging had a negative return on equity of 76.86% and a net margin of 0.13%.The firm’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 earnings per share. On average, research analysts anticipate that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Stockholders of record on Thursday, August 7th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date of this dividend was Thursday, August 7th. Ardagh Metal Packaging’s payout ratio is presently -1,333.33%.

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.