UBS Group AG lessened its holdings in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP – Free Report) by 19.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,188,065 shares of the company’s stock after selling 278,355 shares during the quarter. UBS Group AG owned about 0.20% of Ardagh Metal Packaging worth $4,871,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWA Asset Management Group LLC boosted its position in Ardagh Metal Packaging by 107.6% during the fourth quarter. CWA Asset Management Group LLC now owns 500,070 shares of the company’s stock worth $2,050,000 after purchasing an additional 259,230 shares during the period. JPMorgan Chase & Co. boosted its position in Ardagh Metal Packaging by 46.4% during the third quarter. JPMorgan Chase & Co. now owns 1,068,046 shares of the company’s stock worth $4,262,000 after purchasing an additional 338,540 shares during the period. Monarch Alternative Capital LP bought a new position in Ardagh Metal Packaging during the third quarter worth about $3,890,000. Citigroup Inc. boosted its position in Ardagh Metal Packaging by 48.4% during the third quarter. Citigroup Inc. now owns 502,580 shares of the company’s stock worth $2,005,000 after purchasing an additional 164,011 shares during the period. Finally, Redhawk Wealth Advisors Inc. bought a new position in Ardagh Metal Packaging during the fourth quarter worth about $984,000. Institutional investors own 16.93% of the company’s stock.
Analyst Ratings Changes
AMBP has been the topic of a number of recent analyst reports. Citigroup lowered their price target on shares of Ardagh Metal Packaging from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Friday, April 24th. UBS Group lowered their price target on shares of Ardagh Metal Packaging from $4.75 to $4.25 and set a “neutral” rating on the stock in a report on Friday, April 10th. Wells Fargo & Company lowered their price target on shares of Ardagh Metal Packaging from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Friday, March 20th. Finally, Weiss Ratings raised shares of Ardagh Metal Packaging from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Ardagh Metal Packaging currently has a consensus rating of “Hold” and a consensus price target of $4.51.
Ardagh Metal Packaging Trading Up 0.1%
Shares of Ardagh Metal Packaging stock opened at $4.06 on Friday. Ardagh Metal Packaging S.A. has a 12-month low of $3.29 and a 12-month high of $5.03. The company has a market cap of $2.42 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 0.86 and a beta of 0.54. The company’s 50-day moving average price is $4.04 and its 200-day moving average price is $4.15.
Ardagh Metal Packaging (NYSE:AMBP – Get Free Report) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.05 earnings per share (EPS) for the quarter. Ardagh Metal Packaging had a net margin of 0.19% and a negative return on equity of 31.14%. The firm had revenue of $1.50 billion for the quarter. On average, sell-side analysts predict that Ardagh Metal Packaging S.A. will post 0.25 earnings per share for the current year.
Ardagh Metal Packaging Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 9.9%. The ex-dividend date of this dividend is Thursday, June 11th.
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.
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