Barclays PLC Sells 52,222 Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP)

Barclays PLC cut its holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 11.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 385,653 shares of the company’s stock after selling 52,222 shares during the period. Barclays PLC owned 0.06% of Ardagh Metal Packaging worth $1,454,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Citigroup Inc. grew its holdings in Ardagh Metal Packaging by 15,834.1% during the 3rd quarter. Citigroup Inc. now owns 5,104,806 shares of the company’s stock valued at $19,245,000 after buying an additional 5,072,769 shares in the last quarter. King Street Capital Management L.P. purchased a new position in Ardagh Metal Packaging in the second quarter worth about $14,790,000. Squarepoint Ops LLC increased its stake in Ardagh Metal Packaging by 523.8% during the second quarter. Squarepoint Ops LLC now owns 2,914,124 shares of the company’s stock worth $10,568,000 after acquiring an additional 2,446,997 shares during the last quarter. Geode Capital Management LLC raised its position in Ardagh Metal Packaging by 0.7% during the third quarter. Geode Capital Management LLC now owns 1,784,882 shares of the company’s stock valued at $6,729,000 after purchasing an additional 11,963 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Ardagh Metal Packaging by 37.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,778,166 shares of the company’s stock valued at $6,704,000 after purchasing an additional 489,146 shares during the last quarter. 16.93% of the stock is currently owned by institutional investors.

Ardagh Metal Packaging Stock Performance

NYSE AMBP opened at $2.67 on Monday. Ardagh Metal Packaging S.A. has a twelve month low of $2.66 and a twelve month high of $4.26. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of -22.25, a PEG ratio of 0.79 and a beta of 0.65. The company has a current ratio of 1.17, a quick ratio of 0.88 and a debt-to-equity ratio of 124.21. The stock has a 50-day moving average of $3.35 and a 200 day moving average of $3.52.

Ardagh Metal Packaging (NYSE:AMBP) last released its earnings results on Thursday, October 24th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.06 earnings per share. Sell-side analysts anticipate that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.40 annualized dividend and a yield of 14.98%. Ardagh Metal Packaging’s dividend payout ratio (DPR) is presently -333.33%.

Analyst Ratings Changes

Several research firms have recently issued reports on AMBP. Bank of America lowered shares of Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $4.90 to $4.00 in a report on Wednesday, December 11th. UBS Group decreased their target price on shares of Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating for the company in a research report on Friday. Wells Fargo & Company decreased their price target on shares of Ardagh Metal Packaging from $5.00 to $3.60 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, Citigroup decreased their target price on Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating for the company in a report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $3.43.

Ardagh Metal Packaging Company 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.