Virtu Financial LLC Boosts Holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP)

Virtu Financial LLC raised its stake in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 36.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,959 shares of the company’s stock after acquiring an additional 8,746 shares during the quarter. Virtu Financial LLC’s holdings in Ardagh Metal Packaging were worth $99,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMBP. Dakota Wealth Management raised its holdings in shares of Ardagh Metal Packaging by 2.8% in the 4th quarter. Dakota Wealth Management now owns 146,682 shares of the company’s stock worth $442,000 after purchasing an additional 4,030 shares during the period. Ieq Capital LLC increased its position in Ardagh Metal Packaging by 15.7% in the fourth quarter. Ieq Capital LLC now owns 39,028 shares of the company’s stock worth $117,000 after buying an additional 5,289 shares during the last quarter. Principle Wealth Partners LLC raised its stake in shares of Ardagh Metal Packaging by 13.3% in the fourth quarter. Principle Wealth Partners LLC now owns 56,987 shares of the company’s stock valued at $172,000 after buying an additional 6,672 shares during the period. Victory Capital Management Inc. lifted its position in shares of Ardagh Metal Packaging by 14.0% during the 4th quarter. Victory Capital Management Inc. now owns 71,690 shares of the company’s stock valued at $216,000 after buying an additional 8,802 shares during the last quarter. Finally, Fidelis Capital Partners LLC grew its stake in shares of Ardagh Metal Packaging by 52.9% during the 4th quarter. Fidelis Capital Partners LLC now owns 26,781 shares of the company’s stock worth $81,000 after acquiring an additional 9,266 shares during the period. 16.93% of the stock is owned by institutional investors.

Ardagh Metal Packaging Price Performance

Shares of NYSE:AMBP opened at $3.01 on Monday. The company’s fifty day moving average price is $2.79 and its 200-day moving average price is $3.25. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of -25.04, a PEG ratio of 0.54 and a beta of 0.63. Ardagh Metal Packaging S.A. has a one year low of $2.50 and a one year high of $4.26.

Ardagh Metal Packaging (NYSE:AMBP) last released its earnings results on Thursday, February 27th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.14 billion. As a group, equities research analysts expect that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current year.

Ardagh Metal Packaging Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.40 dividend on an annualized basis and a yield of 13.31%. Ardagh Metal Packaging’s payout ratio is -800.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. UBS Group lowered their price objective 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. Bank of America lowered Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and reduced their target price for the company from $4.90 to $4.00 in a report on Wednesday, December 11th. Wells Fargo & Company reiterated 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. 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 research report on Monday, January 6th. Finally, Morgan Stanley upgraded Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and reduced their target price for the stock from $3.60 to $3.10 in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $3.44.

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.