Ardagh Metal Packaging S.A. (NYSE:AMBP) Shares Acquired by EP Wealth Advisors LLC

EP Wealth Advisors LLC lifted its position in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 9.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 54,647 shares of the company’s stock after buying an additional 4,731 shares during the quarter. EP Wealth Advisors LLC’s holdings in Ardagh Metal Packaging were worth $164,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AMBP. Larson Financial Group LLC acquired a new position in Ardagh Metal Packaging in the 4th quarter valued at about $30,000. Tower Research Capital LLC TRC grew its holdings in shares of Ardagh Metal Packaging by 292.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,975 shares of the company’s stock valued at $33,000 after purchasing an additional 8,180 shares in the last quarter. Cibc World Markets Corp purchased a new stake in Ardagh Metal Packaging during the 4th quarter worth approximately $41,000. Xponance Inc. acquired a new stake in Ardagh Metal Packaging during the 4th quarter worth approximately $41,000. Finally, Aigen Investment Management LP acquired a new stake in Ardagh Metal Packaging during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 16.93% of the company’s stock.

Ardagh Metal Packaging Stock Performance

Shares of AMBP opened at $3.79 on Thursday. The stock has a 50-day simple moving average of $3.08 and a 200-day simple moving average of $3.11. Ardagh Metal Packaging S.A. has a 1 year low of $2.50 and a 1 year high of $4.26. The stock has a market capitalization of $2.27 billion, a PE ratio of -31.58, a PEG ratio of 0.54 and a beta of 0.51.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the firm earned $0.01 earnings per share. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. Analysts predict 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 will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.55%. Ardagh Metal Packaging’s payout ratio is currently -1,000.00%.

Analyst Ratings Changes

Separately, Wells Fargo & Company restated an “equal weight” rating and issued a $3.35 price target (down previously from $3.60) on shares of Ardagh Metal Packaging in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $3.44.

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.