Arrowstreet Capital Limited Partnership Has $1.21 Million Stock Position in Ardagh Metal Packaging S.A. (NYSE:AMBP)

Arrowstreet Capital Limited Partnership raised its holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 31.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 402,722 shares of the company’s stock after purchasing an additional 97,172 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.07% of Ardagh Metal Packaging worth $1,212,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of AMBP. Dakota Wealth Management boosted its holdings in shares of Ardagh Metal Packaging by 2.8% in the 4th quarter. Dakota Wealth Management now owns 146,682 shares of the company’s stock worth $442,000 after buying an additional 4,030 shares during the last quarter. Ieq Capital LLC grew its position in Ardagh Metal Packaging by 15.7% during the fourth quarter. Ieq Capital LLC now owns 39,028 shares of the company’s stock worth $117,000 after buying an additional 5,289 shares in the last quarter. Principle Wealth Partners LLC increased its stake in Ardagh Metal Packaging by 13.3% in the 4th quarter. Principle Wealth Partners LLC now owns 56,987 shares of the company’s stock worth $172,000 after acquiring an additional 6,672 shares during the last quarter. Virtu Financial LLC raised its holdings in shares of Ardagh Metal Packaging by 36.1% in the 4th quarter. Virtu Financial LLC now owns 32,959 shares of the company’s stock valued at $99,000 after acquiring an additional 8,746 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Ardagh Metal Packaging by 14.0% during the 4th quarter. Victory Capital Management Inc. now owns 71,690 shares of the company’s stock valued at $216,000 after acquiring an additional 8,802 shares during the last quarter. Institutional investors own 16.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AMBP shares. UBS Group lowered their target price on shares of 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 reaffirmed an “equal weight” rating and set a $3.35 price objective (down from $3.60) on shares of Ardagh Metal Packaging in a report on Thursday, January 16th. Citigroup reduced their target price on Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, Morgan Stanley raised 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. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $3.44.

Ardagh Metal Packaging Stock Up 3.2 %

Ardagh Metal Packaging stock opened at $2.72 on Friday. The firm has a fifty day simple moving average of $2.80 and a two-hundred day simple moving average of $3.18. Ardagh Metal Packaging S.A. has a twelve month low of $2.50 and a twelve month high of $4.26. The company has a market capitalization of $1.62 billion, a PE ratio of -22.62, a P/E/G ratio of 0.54 and a beta of 0.54.

Ardagh Metal Packaging (NYSE:AMBP) last released its 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 during the quarter, compared to analyst estimates 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%. As a group, equities analysts expect that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 14.73%. The ex-dividend date of this dividend was Thursday, March 13th. Ardagh Metal Packaging’s payout ratio is -800.00%.

Ardagh Metal Packaging 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.