Signaturefd LLC Raises Position in Ardagh Metal Packaging S.A. $AMBP

Signaturefd LLC raised its holdings in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 237.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,382 shares of the company’s stock after acquiring an additional 8,009 shares during the quarter. Signaturefd LLC’s holdings in Ardagh Metal Packaging were worth $49,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of AMBP. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Ardagh Metal Packaging during the 1st quarter worth $51,000. Janney Montgomery Scott LLC boosted its stake in shares of Ardagh Metal Packaging by 10.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 607,436 shares of the company’s stock worth $1,834,000 after acquiring an additional 56,511 shares during the last quarter. CWA Asset Management Group LLC boosted its stake in shares of Ardagh Metal Packaging by 42.1% during the 1st quarter. CWA Asset Management Group LLC now owns 150,203 shares of the company’s stock worth $454,000 after acquiring an additional 44,504 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Ardagh Metal Packaging by 74.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 39,220 shares of the company’s stock worth $118,000 after acquiring an additional 16,711 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Ardagh Metal Packaging by 2.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 137,503 shares of the company’s stock worth $415,000 after acquiring an additional 3,320 shares during the last quarter. Hedge funds and other institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Stock Performance

Shares of NYSE AMBP opened at $3.77 on Tuesday. The company has a market cap of $2.25 billion, a P/E ratio of -125.67, a P/E/G ratio of 1.39 and a beta of 0.56. The firm’s fifty day moving average is $3.78 and its two-hundred day moving average is $3.76. 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 announced its quarterly earnings results on Thursday, July 24th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.33 billion. Ardagh Metal Packaging had a net margin of 0.13% and a negative return on equity of 76.86%. Ardagh Metal Packaging’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 firm posted $0.06 EPS. As a group, 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 declared a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Thursday, August 7th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 10.6%. The ex-dividend date was Thursday, August 7th. Ardagh Metal Packaging’s payout ratio is currently -1,333.33%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Morgan Stanley lifted their price target 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. Citigroup raised 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. UBS Group lowered their target price on shares of Ardagh Metal Packaging from $4.00 to $3.75 and set a “neutral” rating on the stock in a research note on Monday. Weiss Ratings restated a “hold (c)” rating on shares of Ardagh Metal Packaging in a research note on Saturday, September 27th. Finally, Wells Fargo & Company lowered their target price on shares of Ardagh Metal Packaging from $5.00 to $4.50 and set an “equal weight” rating on the stock in a research note on Monday, July 28th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $4.27.

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.