SG Americas Securities LLC Grows Stake in Ardagh Metal Packaging S.A. (NYSE:AMBP)

SG Americas Securities LLC boosted its holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 44.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,250 shares of the company’s stock after purchasing an additional 22,574 shares during the quarter. SG Americas Securities LLC’s holdings in Ardagh Metal Packaging were worth $220,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in AMBP. Ballentine Partners LLC acquired a new stake in shares of Ardagh Metal Packaging in the 3rd quarter valued at about $42,000. nVerses Capital LLC increased its holdings in shares of Ardagh Metal Packaging by 70.4% in the 3rd quarter. nVerses Capital LLC now owns 12,100 shares of the company’s stock valued at $46,000 after acquiring an additional 5,000 shares during the period. Signaturefd LLC boosted its stake in 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 purchasing an additional 3,515 shares during the period. HighTower Advisors LLC boosted its stake in shares of Ardagh Metal Packaging by 106.7% during the third quarter. HighTower Advisors LLC now owns 32,524 shares of the company’s stock worth $122,000 after buying an additional 16,786 shares during the period. Finally, Millburn Ridgefield Corp purchased a new position in shares of Ardagh Metal Packaging in the 3rd quarter valued at approximately $124,000. 16.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AMBP shares. Bank of America downgraded Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $4.90 to $4.00 in a report on Wednesday, December 11th. Wells Fargo & Company reiterated an “equal weight” rating and set a $3.35 price target (down from $3.60) on shares of Ardagh Metal Packaging in a research note on Thursday, January 16th. Citigroup lowered their price objective on Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Morgan Stanley raised 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. Finally, UBS Group dropped their price objective on Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating on the stock in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ardagh Metal Packaging presently has a consensus rating of “Hold” and an average price target of $3.37.

Ardagh Metal Packaging Stock Performance

AMBP opened at $2.51 on Friday. Ardagh Metal Packaging S.A. has a one year low of $2.50 and a one year high of $4.26. The company has a market cap of $1.50 billion, a price-to-earnings ratio of -20.87, a PEG ratio of 0.54 and a beta of 0.64. The business’s fifty day moving average is $2.98 and its two-hundred day moving average is $3.42.

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.