Voya Investment Management LLC Has $120,000 Position in Ardagh Metal Packaging S.A. $AMBP

Voya Investment Management LLC reduced its position in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 10.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,764 shares of the company’s stock after selling 4,719 shares during the period. Voya Investment Management LLC’s holdings in Ardagh Metal Packaging were worth $120,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Ardagh Metal Packaging by 172.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,324,218 shares of the company’s stock worth $28,159,000 after buying an additional 5,902,246 shares during the last quarter. Private Management Group Inc. grew its holdings in Ardagh Metal Packaging by 4.8% during the first quarter. Private Management Group Inc. now owns 5,690,572 shares of the company’s stock valued at $17,186,000 after purchasing an additional 258,298 shares during the period. Anchorage Capital Advisors L.P. boosted its holdings in shares of Ardagh Metal Packaging by 85.9% in the first quarter. Anchorage Capital Advisors L.P. now owns 3,601,083 shares of the company’s stock valued at $10,875,000 after buying an additional 1,664,083 shares during the period. Gilman Hill Asset Management LLC boosted its holdings in shares of Ardagh Metal Packaging by 10.3% in the first quarter. Gilman Hill Asset Management LLC now owns 1,967,087 shares of the company’s stock valued at $5,941,000 after buying an additional 184,305 shares during the period. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of Ardagh Metal Packaging by 5.3% in the first quarter. Gamco Investors INC. ET AL now owns 1,384,608 shares of the company’s stock valued at $4,182,000 after buying an additional 70,175 shares during the period. 16.93% of the stock is owned by institutional investors.

Ardagh Metal Packaging Stock Down 0.4%

AMBP opened at $3.98 on Thursday. The firm has a 50-day moving average price of $3.78 and a 200-day moving average price of $3.73. Ardagh Metal Packaging S.A. has a twelve month low of $2.50 and a twelve month high of $4.78. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of -132.50, a PEG ratio of 1.42 and a beta of 0.56.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.08 EPS for the quarter, beating 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 the consensus estimate of $1.33 billion. During the same period in the prior year, the firm posted $0.06 earnings per share. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. On average, sell-side 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 disclosed a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Thursday, August 7th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.1%. The ex-dividend date of this dividend was Thursday, August 7th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is presently -1,333.33%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Morgan Stanley increased 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 report on Wednesday, June 25th. UBS Group dropped their target price on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a “neutral” rating on the stock in a report 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 on the stock in a research report on Monday, July 28th. Finally, Citigroup increased 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 report on Thursday, July 3rd. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Ardagh Metal Packaging currently has a consensus rating of “Hold” and an average price target of $4.32.

Ardagh Metal Packaging Company 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.