SG Americas Securities LLC Decreases Stock Holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP)

SG Americas Securities LLC lowered its holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 74.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,676 shares of the company’s stock after selling 145,839 shares during the period. SG Americas Securities LLC’s holdings in Ardagh Metal Packaging were worth $191,000 as of its most recent SEC filing.

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

Ardagh Metal Packaging Trading Down 0.5 %

Ardagh Metal Packaging stock opened at $4.19 on Thursday. The company has a debt-to-equity ratio of 124.21, a quick ratio of 0.66 and a current ratio of 0.95. Ardagh Metal Packaging S.A. has a fifty-two week low of $2.58 and a fifty-two week high of $4.26. The stock has a market cap of $2.50 billion, a P/E ratio of -30.00, a PEG ratio of 0.79 and a beta of 0.62. The firm’s fifty day moving average price is $3.67 and its 200-day moving average price is $3.68.

Ardagh Metal Packaging (NYSE:AMBP) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.06 earnings per share 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 analysts’ expectations of $1.32 billion. Ardagh Metal Packaging had a positive return on equity of 114.77% and a negative net margin of 1.02%. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.04 EPS. Equities research analysts forecast that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on AMBP. UBS Group downgraded shares of Ardagh Metal Packaging from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $5.00 to $3.75 in a report on Wednesday, July 17th. Bank of America upgraded shares of Ardagh Metal Packaging from an “underperform” rating to a “buy” rating and upped their price target for the company from $3.80 to $5.10 in a research note on Thursday, October 17th. Wells Fargo & Company upgraded shares of Ardagh Metal Packaging from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $4.25 to $5.00 in a research note on Tuesday, October 15th. Finally, Citigroup increased their target price on Ardagh Metal Packaging from $4.00 to $4.50 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $4.08.

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.