Russell Investments Group Ltd. Has $305,000 Stock Holdings in Ardagh Metal Packaging S.A. $AMBP

Russell Investments Group Ltd. cut its position in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 80.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 101,140 shares of the company’s stock after selling 420,900 shares during the quarter. Russell Investments Group Ltd.’s holdings in Ardagh Metal Packaging were worth $305,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. grew its position in Ardagh Metal Packaging by 140.6% during the first quarter. SBI Securities Co. Ltd. now owns 9,173 shares of the company’s stock worth $28,000 after buying an additional 5,361 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Ardagh Metal Packaging by 292.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,975 shares of the company’s stock valued at $33,000 after purchasing an additional 8,180 shares in the last quarter. Cerity Partners LLC acquired a new stake in Ardagh Metal Packaging during the first quarter valued at approximately $43,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Ardagh Metal Packaging during the first quarter valued at approximately $51,000. Finally, Ameriprise Financial Inc. acquired a new stake in Ardagh Metal Packaging during the fourth quarter valued at approximately $63,000. 16.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AMBP shares. UBS Group decreased their price objective on Ardagh Metal Packaging from $4.50 to $4.00 and set a “neutral” rating on the stock in a report on Tuesday, July 29th. Citigroup lifted their price objective on Ardagh Metal Packaging from $4.00 to $5.00 and gave the company a “buy” rating in a report on Thursday, July 3rd. Wells Fargo & Company decreased their price objective on Ardagh Metal Packaging from $5.00 to $4.50 and set an “equal weight” rating on the stock in a report on Monday, July 28th. Finally, Morgan Stanley boosted their target price on Ardagh Metal Packaging from $3.50 to $4.10 and gave the stock an “equal weight” rating in a report on Wednesday, June 25th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $4.32.

Ardagh Metal Packaging Price Performance

AMBP stock opened at $3.69 on Tuesday. The company has a 50 day moving average price of $4.13 and a 200 day moving average price of $3.60. Ardagh Metal Packaging S.A. has a fifty-two week low of $2.50 and a fifty-two week high of $4.78. The stock has a market capitalization of $2.20 billion, a PE ratio of -122.83, a price-to-earnings-growth ratio of 1.31 and a beta of 0.55.

Ardagh Metal Packaging (NYSE:AMBP) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.01. Ardagh Metal Packaging had a net margin of 0.13% and a negative return on equity of 76.86%. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the company posted $0.06 EPS. Ardagh Metal Packaging’s revenue was up 15.6% on a year-over-year basis. As a group, equities analysts expect that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Thursday, August 7th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, August 7th. This represents a $0.40 annualized dividend and a dividend yield of 10.9%. Ardagh Metal Packaging’s payout ratio is presently -1,333.33%.

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.