Ardagh Metal Packaging S.A. (NYSE:AMBP) Short Interest Update

Ardagh Metal Packaging S.A. (NYSE:AMBP) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 3,007,048 shares, a drop of 29.4% from the December 15th total of 4,260,134 shares. Based on an average daily volume of 1,057,246 shares, the short-interest ratio is presently 2.8 days. Approximately 0.5% of the shares of the stock are sold short. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 1,057,246 shares, the short-interest ratio is presently 2.8 days.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Ardagh Metal Packaging in a research report on Wednesday, October 8th. Wells Fargo & Company dropped their price objective on Ardagh Metal Packaging from $4.50 to $4.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 15th. Raymond James Financial initiated coverage on Ardagh Metal Packaging in a research report on Wednesday, October 15th. They set a “market perform” rating on the stock. Truist Financial raised their price target on Ardagh Metal Packaging from $4.00 to $5.00 and gave the company a “hold” rating in a research report on Tuesday, January 6th. Finally, Morgan Stanley set a $4.30 price target on Ardagh Metal Packaging in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Ardagh Metal Packaging has an average rating of “Hold” and a consensus price target of $4.51.

Ardagh Metal Packaging Stock Performance

AMBP stock traded down $0.02 on Friday, reaching $4.37. The company had a trading volume of 2,994,044 shares, compared to its average volume of 725,430. The company’s fifty day moving average is $3.97 and its 200 day moving average is $3.92. The company has a market cap of $2.61 billion, a P/E ratio of -437.00, a PEG ratio of 0.97 and a beta of 0.55. Ardagh Metal Packaging has a 1 year low of $2.50 and a 1 year high of $4.78.

Ardagh Metal Packaging (NYSE:AMBP) last released its quarterly earnings results on Thursday, October 23rd. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Ardagh Metal Packaging had a negative return on equity of 58.16% and a net margin of 0.30%.The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.08 earnings per share. On average, sell-side analysts predict that Ardagh Metal Packaging will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 3rd were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 9.2%. The ex-dividend date of this dividend was Monday, November 3rd. Ardagh Metal Packaging’s dividend payout ratio (DPR) is currently -4,000.00%.

Hedge Funds Weigh In On Ardagh Metal Packaging

A number of institutional investors have recently modified their holdings of AMBP. Capital Investment Advisory Services LLC acquired a new position in Ardagh Metal Packaging in the third quarter valued at $40,000. Pallas Capital Advisors LLC purchased a new position in shares of Ardagh Metal Packaging in the 2nd quarter worth about $43,000. Capula Management Ltd acquired a new position in shares of Ardagh Metal Packaging in the 2nd quarter valued at about $45,000. Brighton Jones LLC purchased a new stake in shares of Ardagh Metal Packaging during the 2nd quarter worth about $47,000. Finally, Captrust Financial Advisors acquired a new stake in Ardagh Metal Packaging during the 2nd quarter worth approximately $47,000. Institutional investors and hedge funds own 16.93% of the company’s stock.

Ardagh Metal Packaging Company Profile

Ardagh Metal Packaging (NYSE: AMBP) is a global supplier of metal packaging solutions, specializing in the production of steel and aluminum beverage cans, food cans and ends. As a segment of the Ardagh Group, the company supports a broad range of food and beverage customers, including soft drink and craft beer producers, as well as food manufacturers requiring durable, recyclable packaging. Its product portfolio encompasses two‐piece and three‐piece cans, a variety of can ends and closures, and value‐added services such as custom lithography and decorating.

The company operates a network of manufacturing plants across North America and Europe, serving both regional and multinational clients.