Ethic Inc. Sells 22,256 Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP)

Ethic Inc. lessened its holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 25.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 65,106 shares of the company’s stock after selling 22,256 shares during the period. Ethic Inc.’s holdings in Ardagh Metal Packaging were worth $196,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Diameter Capital Partners LP lifted its stake in shares of Ardagh Metal Packaging by 10.1% in the 4th quarter. Diameter Capital Partners LP now owns 4,374,121 shares of the company’s stock worth $13,166,000 after purchasing an additional 400,000 shares during the period. EP Wealth Advisors LLC raised its stake in Ardagh Metal Packaging by 9.5% during the 4th quarter. EP Wealth Advisors LLC now owns 54,647 shares of the company’s stock worth $164,000 after acquiring an additional 4,731 shares during the period. BNP Paribas Financial Markets bought a new stake in Ardagh Metal Packaging during the 4th quarter worth approximately $103,000. Ameriprise Financial Inc. bought a new stake in Ardagh Metal Packaging during the 4th quarter worth approximately $63,000. Finally, Anchorage Capital Advisors L.P. bought a new stake in Ardagh Metal Packaging during the 4th quarter worth approximately $5,830,000. Institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Trading Up 2.8%

NYSE AMBP opened at $3.87 on Monday. Ardagh Metal Packaging S.A. has a 12 month low of $2.50 and a 12 month high of $4.26. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of -32.28, a PEG ratio of 0.54 and a beta of 0.51. The company’s 50 day moving average is $3.12 and its two-hundred day moving average is $3.10.

Ardagh Metal Packaging (NYSE:AMBP) last released its earnings results on Thursday, April 24th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the business earned $0.01 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. Sell-side analysts forecast that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current year.

Ardagh Metal Packaging Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 10.33%. The ex-dividend date was Monday, May 5th. Ardagh Metal Packaging’s payout ratio is -1,000.00%.

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.