Wealth Enhancement Advisory Services LLC Invests $51,000 in Ardagh Metal Packaging S.A. (NYSE:AMBP)

Wealth Enhancement Advisory Services LLC acquired a new stake in Ardagh Metal Packaging S.A. (NYSE:AMBP) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 16,915 shares of the company’s stock, valued at approximately $51,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. lifted its holdings in Ardagh Metal Packaging by 14.0% during the 4th quarter. Victory Capital Management Inc. now owns 71,690 shares of the company’s stock worth $216,000 after buying an additional 8,802 shares in the last quarter. Larson Financial Group LLC purchased a new stake in shares of Ardagh Metal Packaging during the fourth quarter worth $30,000. Cibc World Markets Corp acquired a new stake in shares of Ardagh Metal Packaging in the fourth quarter valued at $41,000. Counterpoint Mutual Funds LLC purchased a new position in Ardagh Metal Packaging in the fourth quarter valued at $286,000. Finally, Intech Investment Management LLC grew its stake in Ardagh Metal Packaging by 159.3% during the 4th quarter. Intech Investment Management LLC now owns 87,129 shares of the company’s stock worth $262,000 after purchasing an additional 53,525 shares in the last quarter. Hedge funds and other institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Price Performance

Shares of NYSE AMBP opened at $4.73 on Friday. The business has a 50-day moving average of $4.05 and a two-hundred day moving average of $3.27. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of -118.13, a price-to-earnings-growth ratio of 1.41 and a beta of 0.56. Ardagh Metal Packaging S.A. has a 1 year low of $2.50 and a 1 year high of $4.78.

Ardagh Metal Packaging (NYSE:AMBP) last issued its earnings results on Thursday, April 24th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.17 billion. Ardagh Metal Packaging had a negative return on equity of 112.58% and a net margin of 0.08%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the company earned $0.01 EPS. As a group, equities research analysts expect that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were issued a dividend of $0.10 per share. The ex-dividend date was Monday, May 5th. This represents a $0.40 dividend on an annualized basis and a yield of 8.47%. Ardagh Metal Packaging’s payout ratio is currently -1,000.00%.

Analyst Ratings Changes

AMBP has been the topic of a number of analyst reports. Citigroup increased their price target on Ardagh Metal Packaging from $4.00 to $5.00 and gave the company a “buy” rating in a research report on Thursday, July 3rd. Morgan Stanley upped their target price on shares of Ardagh Metal Packaging from $3.50 to $4.10 and gave the stock an “equal weight” rating in a research note on Wednesday, June 25th. Finally, UBS Group lifted their price target on shares of Ardagh Metal Packaging from $3.40 to $4.50 and gave the stock a “neutral” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $4.19.

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.