Point72 Asset Management L.P. Purchases 92,325 Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP)

Point72 Asset Management L.P. lifted its position in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 183.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 142,525 shares of the company’s stock after purchasing an additional 92,325 shares during the quarter. Point72 Asset Management L.P.’s holdings in Ardagh Metal Packaging were worth $485,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in AMBP. Price T Rowe Associates Inc. MD boosted its holdings in shares of Ardagh Metal Packaging by 17.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 32,881 shares of the company’s stock valued at $113,000 after buying an additional 4,922 shares during the period. Principal Financial Group Inc. boosted its stake in Ardagh Metal Packaging by 34.5% in the 2nd quarter. Principal Financial Group Inc. now owns 19,521 shares of the company’s stock worth $66,000 after purchasing an additional 5,009 shares during the period. HB Wealth Management LLC increased its holdings in Ardagh Metal Packaging by 33.2% during the 1st quarter. HB Wealth Management LLC now owns 32,228 shares of the company’s stock worth $111,000 after purchasing an additional 8,026 shares in the last quarter. Keeley Teton Advisors LLC lifted its holdings in shares of Ardagh Metal Packaging by 0.5% in the first quarter. Keeley Teton Advisors LLC now owns 1,695,498 shares of the company’s stock valued at $5,816,000 after purchasing an additional 8,433 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of Ardagh Metal Packaging by 10.1% during the second quarter. Hsbc Holdings PLC now owns 121,229 shares of the company’s stock worth $416,000 after buying an additional 11,084 shares during the period. Institutional investors and hedge funds own 16.93% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on AMBP. Citigroup boosted their target price on Ardagh Metal Packaging from $4.00 to $4.50 and gave the company a “buy” rating in a research note on Wednesday. UBS Group cut Ardagh Metal Packaging from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $5.00 to $3.75 in a report on Wednesday, July 17th. Finally, Wells Fargo & Company upped their target price on Ardagh Metal Packaging from $3.95 to $4.25 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $3.74.

Ardagh Metal Packaging Stock Performance

AMBP opened at $3.75 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.95 and a debt-to-equity ratio of 124.21. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of -26.79, a PEG ratio of 0.78 and a beta of 0.62. Ardagh Metal Packaging S.A. has a 12-month low of $2.57 and a 12-month high of $4.17. The business has a 50 day moving average of $3.54 and a 200-day moving average of $3.63.

Ardagh Metal Packaging (NYSE:AMBP) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.32 billion. Ardagh Metal Packaging had a negative net margin of 1.02% and a positive return on equity of 114.77%. The company’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the previous year, the company earned $0.04 earnings per share. On average, equities research analysts expect that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 10.67%. The ex-dividend date of this dividend was Thursday, September 12th. Ardagh Metal Packaging’s dividend payout ratio is currently -285.71%.

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.