Ardagh Metal Packaging S.A. (NYSE:AMBP) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its stake in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 8.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 456,127 shares of the company’s stock after selling 41,856 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.08% of Ardagh Metal Packaging worth $1,720,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. King Street Capital Management L.P. acquired a new position in Ardagh Metal Packaging in the second quarter worth approximately $14,790,000. Vanguard Group Inc. boosted its position in shares of Ardagh Metal Packaging by 11.1% in the first quarter. Vanguard Group Inc. now owns 1,065,659 shares of the company’s stock worth $3,655,000 after buying an additional 106,206 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Ardagh Metal Packaging by 48.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,325,132 shares of the company’s stock valued at $4,505,000 after purchasing an additional 433,700 shares during the period. AQR Capital Management LLC lifted its position in Ardagh Metal Packaging by 422.4% in the 2nd quarter. AQR Capital Management LLC now owns 319,165 shares of the company’s stock worth $1,085,000 after buying an additional 258,067 shares in the last quarter. Finally, Signaturefd LLC boosted its position in 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 purchasing an additional 3,515 shares during the last quarter. 16.93% of the stock is currently owned by institutional investors.

Ardagh Metal Packaging Stock Performance

Ardagh Metal Packaging stock opened at $3.17 on Tuesday. The stock has a fifty day moving average price of $3.70 and a two-hundred day moving average price of $3.63. The company has a debt-to-equity ratio of 124.21, a current ratio of 1.17 and a quick ratio of 0.88. Ardagh Metal Packaging S.A. has a 52-week low of $3.15 and a 52-week high of $4.26. The firm has a market capitalization of $1.89 billion, a P/E ratio of -26.42, a P/E/G ratio of 0.78 and a beta of 0.61.

Ardagh Metal Packaging (NYSE:AMBP) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 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 firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the firm posted $0.06 EPS. The business’s revenue was up 1.5% on a year-over-year basis. As a group, analysts anticipate that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 12.62%. The ex-dividend date of this dividend is Thursday, December 5th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is presently -333.33%.

Analysts Set New Price Targets

A number of equities analysts recently commented on AMBP shares. Bank of America downgraded Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and dropped their price objective for the stock from $4.90 to $4.00 in a report on Wednesday, December 11th. Citigroup lifted their price objective on Ardagh Metal Packaging from $4.00 to $4.50 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company upgraded shares of Ardagh Metal Packaging from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $4.25 to $5.00 in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $3.92.

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.