Ardagh Metal Packaging S.A. (NYSE:AMBP) Stock Holdings Increased by HighTower Advisors LLC

HighTower Advisors LLC grew its position in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 106.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,524 shares of the company’s stock after buying an additional 16,786 shares during the period. HighTower Advisors LLC’s holdings in Ardagh Metal Packaging were worth $122,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AMBP. Citigroup Inc. raised its position in shares of Ardagh Metal Packaging by 15,834.1% during the 3rd quarter. Citigroup Inc. now owns 5,104,806 shares of the company’s stock valued at $19,245,000 after acquiring an additional 5,072,769 shares in the last quarter. King Street Capital Management L.P. acquired a new stake in shares of Ardagh Metal Packaging during the second quarter worth $14,790,000. Squarepoint Ops LLC lifted its position in shares of Ardagh Metal Packaging by 523.8% in the 2nd quarter. Squarepoint Ops LLC now owns 2,914,124 shares of the company’s stock worth $10,568,000 after buying an additional 2,446,997 shares during the last quarter. Renaissance Technologies LLC lifted its position 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 worth $4,505,000 after buying an additional 433,700 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Ardagh Metal Packaging by 2.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 749,853 shares of the company’s stock valued at $2,550,000 after buying an additional 15,637 shares during the period. Institutional investors own 16.93% of the company’s stock.

Wall Street Analyst Weigh In

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

Ardagh Metal Packaging Stock Down 1.3 %

AMBP opened at $2.98 on Friday. 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 12 month low of $2.96 and a 12 month high of $4.26. The stock’s 50 day moving average price is $3.57 and its 200 day moving average price is $3.58. The stock has a market cap of $1.78 billion, a P/E ratio of -24.83, a P/E/G ratio of 0.78 and a beta of 0.61.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings data 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. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. The company’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 earnings per share. As a group, research analysts predict that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 13.42%. The ex-dividend date was Thursday, December 5th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is presently -333.33%.

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.