Ardagh Metal Packaging S.A. (NYSE:AMBP) Stock Position Lifted by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. boosted its stake in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 74.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,220 shares of the company’s stock after purchasing an additional 16,711 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Ardagh Metal Packaging were worth $118,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marshall Wace LLP grew its position in Ardagh Metal Packaging by 2.4% in the fourth quarter. Marshall Wace LLP now owns 171,277 shares of the company’s stock worth $516,000 after acquiring an additional 3,970 shares in the last quarter. EP Wealth Advisors LLC grew its position in Ardagh Metal Packaging by 9.5% in the fourth quarter. EP Wealth Advisors LLC now owns 54,647 shares of the company’s stock worth $164,000 after acquiring an additional 4,731 shares in the last quarter. Gabelli Funds LLC grew its position in Ardagh Metal Packaging by 3.7% in the fourth quarter. Gabelli Funds LLC now owns 139,000 shares of the company’s stock worth $418,000 after acquiring an additional 5,000 shares in the last quarter. MetLife Investment Management LLC grew its position in Ardagh Metal Packaging by 6.1% in the fourth quarter. MetLife Investment Management LLC now owns 90,709 shares of the company’s stock worth $273,000 after acquiring an additional 5,218 shares in the last quarter. Finally, Legal & General Group Plc grew its position in Ardagh Metal Packaging by 26.8% in the fourth quarter. Legal & General Group Plc now owns 30,784 shares of the company’s stock worth $93,000 after acquiring an additional 6,509 shares in the last quarter. 16.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Morgan Stanley boosted 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 report on Wednesday, June 25th. Citigroup boosted their target price on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Thursday, July 3rd. Finally, UBS Group upped their price objective on shares of Ardagh Metal Packaging from $3.40 to $4.50 and gave the stock a “neutral” rating in a report on Wednesday, July 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $4.19.

Ardagh Metal Packaging Trading Down 0.3%

NYSE AMBP opened at $4.73 on Tuesday. The company has a fifty day simple moving average of $4.07 and a 200 day simple moving average of $3.29. The company has a market cap of $2.82 billion, a P/E ratio of -118.13, a P/E/G ratio of 1.14 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 posted its quarterly earnings data on Thursday, April 24th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.01. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.17 billion. Ardagh Metal Packaging had a net margin of 0.08% and a negative return on equity of 112.58%. Ardagh Metal Packaging’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 EPS. Equities research analysts forecast that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

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

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.