Atria Wealth Solutions Inc. Buys 12,000 Shares of Ardagh Metal Packaging S.A. $AMBP

Atria Wealth Solutions Inc. raised its stake in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 100.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,000 shares of the company’s stock after acquiring an additional 12,000 shares during the period. Atria Wealth Solutions Inc.’s holdings in Ardagh Metal Packaging were worth $72,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Private Management Group Inc. grew its stake in shares of Ardagh Metal Packaging by 4.8% in the 1st quarter. Private Management Group Inc. now owns 5,690,572 shares of the company’s stock worth $17,186,000 after buying an additional 258,298 shares in the last quarter. Diameter Capital Partners LP grew its stake in shares of Ardagh Metal Packaging by 10.1% in the 4th quarter. Diameter Capital Partners LP now owns 4,374,121 shares of the company’s stock worth $13,166,000 after buying an additional 400,000 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Ardagh Metal Packaging by 10.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,421,972 shares of the company’s stock worth $10,300,000 after buying an additional 312,640 shares in the last quarter. Solas Capital Management LLC grew its stake in shares of Ardagh Metal Packaging by 10.9% in the 4th quarter. Solas Capital Management LLC now owns 3,361,378 shares of the company’s stock worth $10,118,000 after buying an additional 330,000 shares in the last quarter. Finally, King Street Capital Management L.P. grew its stake in shares of Ardagh Metal Packaging by 155.0% in the 4th quarter. King Street Capital Management L.P. now owns 2,550,000 shares of the company’s stock worth $7,676,000 after buying an additional 1,550,000 shares in the last quarter. 16.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on AMBP. Morgan Stanley lifted their price objective 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. UBS Group dropped their price objective on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a “neutral” rating for the company in a research note on Tuesday, July 29th. Wells Fargo & Company dropped their price objective on shares of Ardagh Metal Packaging from $5.00 to $4.50 and set an “equal weight” rating for the company in a research note on Monday, July 28th. Finally, Citigroup lifted their price objective on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Thursday, July 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Ardagh Metal Packaging presently has an average rating of “Hold” and an average price target of $4.32.

Ardagh Metal Packaging Trading Down 0.8%

AMBP stock opened at $3.83 on Monday. Ardagh Metal Packaging S.A. has a 12 month low of $2.50 and a 12 month high of $4.78. The company has a 50-day moving average price of $4.23 and a 200 day moving average price of $3.52. The stock has a market cap of $2.29 billion, a PE ratio of -127.67, a P/E/G ratio of 1.36 and a beta of 0.55.

Ardagh Metal Packaging (NYSE:AMBP) last released its quarterly earnings results on Thursday, July 24th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Ardagh Metal Packaging had a net margin of 0.13% and a negative return on equity of 76.86%. The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.06 EPS. Sell-side analysts forecast that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current year.

Ardagh Metal Packaging Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 19th. Shareholders of record on Thursday, August 7th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 10.4%. The ex-dividend date of this dividend is Thursday, August 7th. Ardagh Metal Packaging’s payout ratio is -1,333.33%.

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.