Blue Trust Inc. Sells 7,112 Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP)

Blue Trust Inc. cut its holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 20.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,500 shares of the company’s stock after selling 7,112 shares during the quarter. Blue Trust Inc.’s holdings in Ardagh Metal Packaging were worth $83,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Ballentine Partners LLC purchased a new stake in shares of Ardagh Metal Packaging during the third quarter valued at $42,000. Signaturefd LLC increased its holdings in shares of Ardagh Metal Packaging by 23.1% during the third quarter. Signaturefd LLC now owns 18,739 shares of the company’s stock valued at $71,000 after acquiring an additional 3,515 shares in the last quarter. HighTower Advisors LLC increased its holdings 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 valued at $122,000 after acquiring an additional 16,786 shares in the last quarter. Millburn Ridgefield Corp purchased a new stake in Ardagh Metal Packaging in the third quarter valued at approximately $124,000. Finally, Creative Planning boosted its position in Ardagh Metal Packaging by 170.1% in the third quarter. Creative Planning now owns 38,766 shares of the company’s stock valued at $146,000 after buying an additional 24,414 shares during the last quarter. 16.93% of the stock is owned by hedge funds and other institutional investors.

Ardagh Metal Packaging Price Performance

Shares of Ardagh Metal Packaging stock opened at $2.74 on Monday. The business has a 50-day moving average of $2.82 and a 200 day moving average of $3.35. Ardagh Metal Packaging S.A. has a 12 month low of $2.50 and a 12 month high of $4.26. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of -22.79, a price-to-earnings-growth ratio of 0.53 and a beta of 0.64.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AMBP shares. Bank of America lowered Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and dropped their target price for the company from $4.90 to $4.00 in a research report on Wednesday, December 11th. Citigroup reduced their target price on Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating for the company in a research note on Monday, January 6th. UBS Group reduced their price objective on Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating for the company in a research note on Friday, January 10th. 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, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $3.35 target price (down from $3.60) on shares of Ardagh Metal Packaging in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $3.37.

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.