R Squared Ltd Purchases New Shares in Ardagh Metal Packaging S.A. $AMBP

R Squared Ltd purchased a new stake in Ardagh Metal Packaging S.A. (NYSE:AMBP) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 21,718 shares of the company’s stock, valued at approximately $93,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC purchased a new stake in Ardagh Metal Packaging in the 1st quarter valued at $51,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Ardagh Metal Packaging by 172.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,324,218 shares of the company’s stock worth $28,159,000 after buying an additional 5,902,246 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Ardagh Metal Packaging by 84.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 745,986 shares of the company’s stock worth $2,253,000 after buying an additional 342,002 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Ardagh Metal Packaging by 2.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 137,503 shares of the company’s stock worth $415,000 after buying an additional 3,320 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in Ardagh Metal Packaging by 74.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 39,220 shares of the company’s stock worth $118,000 after buying an additional 16,711 shares during the last quarter. Hedge funds and other institutional investors own 16.93% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on AMBP shares. Raymond James Financial started coverage on shares of Ardagh Metal Packaging in a research report on Wednesday, October 15th. They set a “market perform” rating for the company. Weiss Ratings restated a “hold (c)” rating on shares of Ardagh Metal Packaging in a research report on Friday. UBS Group upped their price objective on shares of Ardagh Metal Packaging from $3.75 to $4.00 and gave the stock a “neutral” rating in a research report on Friday. Citigroup increased their price target on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the company a “buy” rating in a report on Thursday, July 3rd. Finally, Wells Fargo & Company cut their price target on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set an “equal weight” rating for the company in a report on Wednesday, October 15th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Ardagh Metal Packaging presently has a consensus rating of “Hold” and a consensus target price of $4.22.

Ardagh Metal Packaging Stock Down 5.6%

Shares of AMBP opened at $3.80 on Monday. The company has a market capitalization of $2.27 billion, a PE ratio of -379.50, a P/E/G ratio of 1.28 and a beta of 0.56. Ardagh Metal Packaging S.A. has a 52-week low of $2.50 and a 52-week high of $4.78. The company has a 50-day simple moving average of $3.74 and a 200-day simple moving average of $3.84.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Ardagh Metal Packaging had a net margin of 0.30% and a negative return on equity of 58.16%. The firm’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.08 EPS. On average, research analysts anticipate that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current year.

Ardagh Metal Packaging Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Monday, November 3rd will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 10.5%. The ex-dividend date of this dividend is Monday, November 3rd. Ardagh Metal Packaging’s dividend payout ratio is presently -4,000.00%.

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.