Xponance Inc. Invests $41,000 in Ardagh Metal Packaging S.A. (NYSE:AMBP)

Xponance Inc. acquired a new position in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,520 shares of the company’s stock, valued at approximately $41,000.

Other large investors have also bought and sold shares of the company. Victory Capital Management Inc. raised its stake in Ardagh Metal Packaging by 71.4% during the third quarter. Victory Capital Management Inc. now owns 62,888 shares of the company’s stock worth $237,000 after acquiring an additional 26,198 shares in the last quarter. Quantbot Technologies LP increased its position in Ardagh Metal Packaging by 40.8% during the 3rd quarter. Quantbot Technologies LP now owns 87,064 shares of the company’s stock worth $328,000 after purchasing an additional 25,209 shares in the last quarter. MetLife Investment Management LLC increased its position in Ardagh Metal Packaging by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 85,491 shares of the company’s stock worth $322,000 after purchasing an additional 48,171 shares in the last quarter. Verition Fund Management LLC lifted its stake in Ardagh Metal Packaging by 84.4% in the 3rd quarter. Verition Fund Management LLC now owns 127,940 shares of the company’s stock valued at $482,000 after purchasing an additional 58,540 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in Ardagh Metal Packaging by 106.7% in the third quarter. HighTower Advisors LLC now owns 32,524 shares of the company’s stock valued at $122,000 after buying an additional 16,786 shares in the last quarter. 16.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on AMBP. 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 report on Thursday, January 16th. Bank of America cut 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 cut their price target on Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Morgan Stanley raised Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and lowered their price objective for the company from $3.60 to $3.10 in a research note on Monday, January 13th. Finally, Citigroup cut their target price on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $3.44.

Ardagh Metal Packaging Trading Up 0.8 %

NYSE AMBP opened at $3.01 on Friday. The firm has a market capitalization of $1.80 billion, a PE ratio of -25.04, a price-to-earnings-growth ratio of 0.54 and a beta of 0.63. The business’s 50-day moving average price is $2.79 and its two-hundred day moving average price is $3.25. Ardagh Metal Packaging S.A. has a 12 month low of $2.50 and a 12 month high of $4.26.

Ardagh Metal Packaging (NYSE:AMBP) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.14 billion. Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%. As a group, analysts forecast that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 13.31%. The ex-dividend date of this dividend was Thursday, March 13th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is presently -800.00%.

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.