HB Wealth Management LLC Lowers Holdings in Ardagh Metal Packaging S.A. $AMBP

HB Wealth Management LLC decreased its holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 11.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,816 shares of the company’s stock after selling 2,755 shares during the quarter. HB Wealth Management LLC’s holdings in Ardagh Metal Packaging were worth $93,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. raised its position in Ardagh Metal Packaging by 140.6% in the 1st 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 during the last quarter. Pallas Capital Advisors LLC purchased a new position in Ardagh Metal Packaging in the 2nd quarter worth about $43,000. Northwestern Mutual Wealth Management Co. purchased a new position in Ardagh Metal Packaging in the 1st quarter worth about $33,000. Signaturefd LLC raised its position in Ardagh Metal Packaging by 237.4% in the 2nd quarter. Signaturefd LLC now owns 11,382 shares of the company’s stock worth $49,000 after buying an additional 8,009 shares during the last quarter. Finally, Cerity Partners LLC purchased a new position in Ardagh Metal Packaging in the 1st quarter worth about $43,000. Hedge funds and other institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Trading Up 0.3%

Ardagh Metal Packaging stock opened at $3.71 on Thursday. The firm has a 50 day moving average of $3.77 and a 200 day moving average of $3.76. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of -123.67, a P/E/G ratio of 1.31 and a beta of 0.56. Ardagh Metal Packaging S.A. has a 12-month low of $2.50 and a 12-month high of $4.78.

Ardagh Metal Packaging (NYSE:AMBP) last released its earnings results on Thursday, July 24th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 EPS. 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 disclosed 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 dividend on an annualized basis and a yield of 10.8%. The ex-dividend date of this dividend was Thursday, August 7th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is -1,333.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Ardagh Metal Packaging in a research report on Wednesday. Wells Fargo & Company decreased their target price on Ardagh Metal Packaging from $5.00 to $4.50 and set an “equal weight” rating for the company in a research report on Monday, July 28th. Morgan Stanley upped their price target on shares of Ardagh Metal Packaging from $3.50 to $4.10 and gave the company an “equal weight” rating in a research report on Wednesday, June 25th. UBS Group reduced their price target on shares of Ardagh Metal Packaging from $4.00 to $3.75 and set a “neutral” rating for the company in a research report on Monday. Finally, Citigroup upped their price target 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 equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Ardagh Metal Packaging presently has an average rating of “Hold” and a consensus price target of $4.27.

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.