Ieq Capital LLC Grows Stock Position in Ardagh Metal Packaging S.A. $AMBP

Ieq Capital LLC lifted its stake in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 160.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,733 shares of the company’s stock after acquiring an additional 62,705 shares during the period. Ieq Capital LLC’s holdings in Ardagh Metal Packaging were worth $307,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AMBP. Dimensional Fund Advisors LP boosted its holdings in shares of Ardagh Metal Packaging by 6.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 935,648 shares of the company’s stock worth $2,816,000 after acquiring an additional 59,663 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Ardagh Metal Packaging by 292.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,975 shares of the company’s stock worth $33,000 after acquiring an additional 8,180 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Ardagh Metal Packaging by 22.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 57,588 shares of the company’s stock worth $174,000 after acquiring an additional 10,729 shares during the period. Ameriprise Financial Inc. bought a new position in shares of Ardagh Metal Packaging in the fourth quarter worth $63,000. Finally, BNP Paribas Financial Markets bought a new position in shares of Ardagh Metal Packaging in the fourth quarter worth $103,000. 16.93% of the stock is owned by institutional investors.

Ardagh Metal Packaging Stock Up 0.7%

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

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

Ardagh Metal Packaging Dividend Announcement

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

Wall Street Analyst Weigh In

AMBP has been the subject of a number of analyst reports. Morgan Stanley raised their price target on Ardagh Metal Packaging from $3.50 to $4.10 and gave the stock an “equal weight” rating in a report on Wednesday, June 25th. UBS Group dropped their price objective on Ardagh Metal Packaging from $4.50 to $4.00 and set a “neutral” rating for the company in a research note on Tuesday, July 29th. Wells Fargo & Company dropped their price objective on Ardagh Metal Packaging from $5.00 to $4.50 and set an “equal weight” rating for the company in a research note on Monday, July 28th. Finally, 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. One 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. According to MarketBeat.com, Ardagh Metal Packaging presently has a consensus rating of “Hold” and a consensus target price of $4.32.

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.