JPMorgan Chase & Co. Has $743,000 Position in Ardagh Metal Packaging S.A. (NYSE:AMBP)

JPMorgan Chase & Co. grew its position in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 195.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 196,979 shares of the company’s stock after acquiring an additional 130,264 shares during the period. JPMorgan Chase & Co.’s holdings in Ardagh Metal Packaging were worth $743,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Ballentine Partners LLC bought a new position in Ardagh Metal Packaging during the third quarter worth about $42,000. Quarry LP acquired a new stake in shares of Ardagh Metal Packaging in the second quarter valued at approximately $45,000. nVerses Capital LLC boosted its stake in shares of Ardagh Metal Packaging by 70.4% during the 3rd quarter. nVerses Capital LLC now owns 12,100 shares of the company’s stock worth $46,000 after acquiring an additional 5,000 shares during the period. Signaturefd LLC increased its holdings in shares of Ardagh Metal Packaging by 23.1% during the 3rd quarter. Signaturefd LLC now owns 18,739 shares of the company’s stock worth $71,000 after acquiring an additional 3,515 shares during the last quarter. Finally, Dark Forest Capital Management LP acquired a new position in shares of Ardagh Metal Packaging during the 2nd quarter worth approximately $113,000. 16.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AMBP shares. 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 research report on Thursday, January 16th. Morgan Stanley upgraded shares of Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and cut their target price for the stock from $3.60 to $3.10 in a research note on Monday, January 13th. Citigroup decreased their price target on shares of 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. UBS Group cut their price objective 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, January 10th. Finally, Bank of America cut Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $4.90 to $4.00 in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $3.37.

Ardagh Metal Packaging Stock Performance

NYSE:AMBP opened at $2.79 on Monday. Ardagh Metal Packaging S.A. has a 52 week low of $2.66 and a 52 week high of $4.26. The firm’s 50-day simple moving average is $3.17 and its 200 day simple moving average is $3.48. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of -23.21, a P/E/G ratio of 0.55 and a beta of 0.65.

Ardagh Metal Packaging (NYSE:AMBP) last announced its earnings results on Thursday, October 24th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. The company had revenue of $1.31 billion for 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 business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the firm earned $0.06 earnings per share. Sell-side analysts anticipate that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current year.

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.