Prime Capital Investment Advisors LLC Makes New $47,000 Investment in Ardagh Metal Packaging S.A. (NYSE:AMBP)

Prime Capital Investment Advisors LLC bought a new position in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) during the 4th quarter, HoldingsChannel reports. The firm bought 12,175 shares of the company’s stock, valued at approximately $47,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UBS Group AG grew its holdings in Ardagh Metal Packaging by 43.1% during the 2nd quarter. UBS Group AG now owns 6,028 shares of the company’s stock worth $37,000 after acquiring an additional 1,815 shares in the last quarter. MetLife Investment Management LLC grew its holdings in Ardagh Metal Packaging by 66.8% during the 2nd quarter. MetLife Investment Management LLC now owns 8,391 shares of the company’s stock worth $32,000 after acquiring an additional 3,359 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Ardagh Metal Packaging by 2,026.7% during the 4th quarter. JPMorgan Chase & Co. now owns 8,443 shares of the company’s stock worth $41,000 after acquiring an additional 8,046 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in Ardagh Metal Packaging during the 3rd quarter worth about $49,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in Ardagh Metal Packaging during the 1st quarter worth about $43,000. 16.93% of the stock is currently owned by institutional investors.

Ardagh Metal Packaging Stock Performance

Shares of Ardagh Metal Packaging stock opened at $3.41 on Monday. The firm has a market capitalization of $2.04 billion, a P/E ratio of -28.42, a PEG ratio of 0.68 and a beta of 0.75. The company has a quick ratio of 0.68, a current ratio of 0.99 and a debt-to-equity ratio of 34.34. The company has a 50 day moving average price of $3.49 and a 200 day moving average price of $3.52. Ardagh Metal Packaging S.A. has a 52 week low of $2.57 and a 52 week high of $4.29.

Ardagh Metal Packaging (NYSE:AMBP) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Ardagh Metal Packaging had a negative net margin of 1.04% and a positive return on equity of 38.48%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 earnings per share. Sell-side analysts expect that Ardagh Metal Packaging S.A. will post 0.18 EPS for the current year.

Ardagh Metal Packaging Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 13th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 11.73%. The ex-dividend date was Tuesday, March 12th. Ardagh Metal Packaging’s payout ratio is currently -333.33%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AMBP. Barclays cut shares of Ardagh Metal Packaging from an “overweight” rating to an “equal weight” rating and set a $4.00 price target on the stock. in a report on Monday, January 8th. UBS Group began coverage on shares of Ardagh Metal Packaging in a report on Tuesday, January 16th. They issued a “buy” rating and a $5.00 price target on the stock. Wells Fargo & Company raised their price target on shares of Ardagh Metal Packaging from $3.70 to $3.75 and gave the company an “equal weight” rating in a report on Thursday. Truist Financial restated a “hold” rating and issued a $3.00 price target (down from $4.00) on shares of Ardagh Metal Packaging in a report on Monday, February 26th. Finally, Morgan Stanley began coverage on shares of Ardagh Metal Packaging in a report on Monday, March 18th. They issued an “underweight” rating and a $3.20 price target on the stock. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Ardagh Metal Packaging currently has a consensus rating of “Hold” and a consensus price target of $4.31.

About Ardagh Metal Packaging

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.