Short Interest in Ardagh Metal Packaging S.A. (NYSE:AMBP) Expands By 7.9%

Ardagh Metal Packaging S.A. (NYSE:AMBPGet Free Report) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 3,960,000 shares, a growth of 7.9% from the February 29th total of 3,670,000 shares. Based on an average daily trading volume, of 1,070,000 shares, the short-interest ratio is presently 3.7 days. Approximately 2.9% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MetLife Investment Management LLC lifted its stake in shares of Ardagh Metal Packaging by 66.8% during the second quarter. MetLife Investment Management LLC now owns 8,391 shares of the company’s stock worth $32,000 after purchasing an additional 3,359 shares in the last quarter. UBS Group AG lifted its stake in shares of Ardagh Metal Packaging by 43.1% during the second quarter. UBS Group AG now owns 6,028 shares of the company’s stock worth $37,000 after purchasing an additional 1,815 shares in the last quarter. Wedmont Private Capital acquired a new position in shares of Ardagh Metal Packaging during the fourth quarter worth about $39,000. JPMorgan Chase & Co. lifted its stake in shares of Ardagh Metal Packaging by 2,026.7% during the fourth quarter. JPMorgan Chase & Co. now owns 8,443 shares of the company’s stock worth $41,000 after purchasing an additional 8,046 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of Ardagh Metal Packaging during the first quarter worth about $43,000. Institutional investors and hedge funds own 16.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Wells Fargo & Company dropped their price target on Ardagh Metal Packaging from $4.00 to $3.70 and set an “equal weight” rating for the company in a research report on Friday, February 23rd. Morgan Stanley began coverage on Ardagh Metal Packaging in a research report on Monday, March 18th. They set an “underweight” rating and a $3.20 price target for the company. Truist Financial reaffirmed a “hold” rating and issued a $3.00 price objective (down previously from $4.00) on shares of Ardagh Metal Packaging in a research report on Monday, February 26th. Bank of America downgraded Ardagh Metal Packaging from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $4.10 to $3.50 in a research report on Monday. Finally, UBS Group began coverage on Ardagh Metal Packaging in a research report on Tuesday, January 16th. They issued a “buy” rating and a $5.00 price objective for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Ardagh Metal Packaging presently has a consensus rating of “Hold” and a consensus price target of $4.30.

Get Our Latest Research Report on Ardagh Metal Packaging

Ardagh Metal Packaging Price Performance

Shares of Ardagh Metal Packaging stock opened at $3.48 on Thursday. Ardagh Metal Packaging has a twelve month low of $2.57 and a twelve month high of $4.29. The stock has a market capitalization of $2.08 billion, a P/E ratio of -28.96, a PEG ratio of 0.69 and a beta of 0.75. The company has a current ratio of 0.99, a quick ratio of 0.68 and a debt-to-equity ratio of 34.34. The business’s fifty day moving average price is $3.54 and its 200 day moving average price is $3.51.

Ardagh Metal Packaging (NYSE:AMBPGet Free Report) last issued its earnings results on Thursday, February 22nd. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Ardagh Metal Packaging had a negative net margin of 1.04% and a positive return on equity of 38.48%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the business posted $0.05 EPS. Ardagh Metal Packaging’s revenue was up 5.2% compared to the same quarter last year. As a group, research analysts anticipate that Ardagh Metal Packaging will post 0.18 earnings per share for the current year.

Ardagh Metal Packaging Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 13th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 11.51%. The ex-dividend date was Tuesday, March 12th. Ardagh Metal Packaging’s payout ratio is currently -333.33%.

Ardagh Metal Packaging Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Ardagh Metal Packaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ardagh Metal Packaging and related companies with MarketBeat.com's FREE daily email newsletter.