Ardagh Metal Packaging S.A. $AMBP Stock Holdings Increased by Vident Advisory LLC

Vident Advisory LLC raised its holdings in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 31.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,247 shares of the company’s stock after buying an additional 10,563 shares during the period. Vident Advisory LLC’s holdings in Ardagh Metal Packaging were worth $134,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AMBP. Nuveen LLC acquired a new stake in shares of Ardagh Metal Packaging during the 1st quarter valued at $1,229,000. Charles Schwab Investment Management Inc. lifted its position in shares of Ardagh Metal Packaging by 84.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 745,986 shares of the company’s stock valued at $2,253,000 after acquiring an additional 342,002 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Ardagh Metal Packaging by 10.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,421,972 shares of the company’s stock valued at $10,300,000 after acquiring an additional 312,640 shares during the last quarter. Private Management Group Inc. lifted its position in shares of Ardagh Metal Packaging by 4.8% during the 1st quarter. Private Management Group Inc. now owns 5,690,572 shares of the company’s stock valued at $17,186,000 after acquiring an additional 258,298 shares during the last quarter. Finally, Gilman Hill Asset Management LLC lifted its position in shares of Ardagh Metal Packaging by 10.3% during the 1st quarter. Gilman Hill Asset Management LLC now owns 1,967,087 shares of the company’s stock valued at $5,941,000 after acquiring an additional 184,305 shares during the last quarter. Institutional investors and hedge funds own 16.93% of the company’s stock.

Ardagh Metal Packaging Price Performance

NYSE AMBP opened at $3.52 on Thursday. The company has a 50 day simple moving average of $4.02 and a 200-day simple moving average of $3.62. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of -117.17, a price-to-earnings-growth ratio of 1.25 and a beta of 0.55. Ardagh Metal Packaging S.A. has a 52-week low of $2.50 and a 52-week high of $4.78.

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

Ardagh Metal Packaging Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Thursday, August 7th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 11.4%. The ex-dividend date was Thursday, August 7th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is -1,333.33%.

Wall Street Analyst Weigh In

A number of research firms have commented on AMBP. Morgan Stanley upped their price objective on shares of Ardagh Metal Packaging from $3.50 to $4.10 and gave the company an “equal weight” rating in a research note on Wednesday, June 25th. Wells Fargo & Company reduced 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. UBS Group reduced 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. Finally, Citigroup upped their price objective on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Thursday, July 3rd. One 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 company currently has an average rating of “Hold” and an average target price of $4.32.

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.