Arini Captial Management Ltd purchased a new position in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP – Free Report) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 11,246,170 shares of the company’s stock, valued at approximately $46,109,000. Ardagh Metal Packaging accounts for 30.7% of Arini Captial Management Ltd’s holdings, making the stock its 2nd biggest position.
Other institutional investors have also made changes to their positions in the company. Kestra Advisory Services LLC acquired a new stake in shares of Ardagh Metal Packaging during the fourth quarter worth approximately $33,000. Pallas Capital Advisors LLC purchased a new stake in shares of Ardagh Metal Packaging during the 4th quarter worth about $42,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Ardagh Metal Packaging by 13,495.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 10,876 shares of the company’s stock worth $45,000 after purchasing an additional 10,796 shares in the last quarter. Captrust Financial Advisors purchased a new stake in shares of Ardagh Metal Packaging during the 2nd quarter worth about $47,000. Finally, Guardian Capital LP purchased a new stake in shares of Ardagh Metal Packaging during the 3rd quarter worth about $46,000. 16.93% of the stock is currently owned by institutional investors and hedge funds.
Ardagh Metal Packaging Price Performance
Ardagh Metal Packaging stock opened at $4.33 on Thursday. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 0.93 and a beta of 0.55. Ardagh Metal Packaging S.A. has a one year low of $3.29 and a one year high of $5.03. The company’s fifty day moving average price is $4.04 and its two-hundred day moving average price is $4.21.
Ardagh Metal Packaging Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be issued 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 is Thursday, June 11th.
Wall Street Analyst Weigh In
AMBP has been the subject of a number of recent research reports. UBS Group cut their price target on Ardagh Metal Packaging from $4.75 to $4.25 and set a “neutral” rating for the company in a research note on Friday, April 10th. Weiss Ratings raised Ardagh Metal Packaging from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 29th. Citigroup cut their price target on Ardagh Metal Packaging from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, April 24th. Finally, Wells Fargo & Company lowered their target price on shares of Ardagh Metal Packaging from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Friday, March 20th. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ardagh Metal Packaging currently has an average rating of “Hold” and an average target price of $4.51.
Check Out Our Latest Stock Analysis on Ardagh Metal Packaging
Ardagh Metal Packaging 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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