Gabelli Funds LLC Raises Holdings in Ardagh Metal Packaging S.A. $AMBP

Gabelli Funds LLC increased its stake in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 660.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,042,772 shares of the company’s stock after purchasing an additional 905,725 shares during the period. Gabelli Funds LLC owned 0.17% of Ardagh Metal Packaging worth $4,463,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Ardagh Metal Packaging in the first quarter worth $33,000. Pallas Capital Advisors LLC acquired a new position in Ardagh Metal Packaging in the 2nd quarter valued at about $43,000. Dynamic Technology Lab Private Ltd purchased a new position in Ardagh Metal Packaging in the 1st quarter valued at about $43,000. Capula Management Ltd acquired a new stake in shares of Ardagh Metal Packaging during the 2nd quarter worth about $45,000. Finally, Brighton Jones LLC acquired a new stake in shares of Ardagh Metal Packaging during the 2nd quarter worth about $47,000. Institutional investors and hedge funds own 16.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on AMBP shares. UBS Group boosted their price objective on shares of Ardagh Metal Packaging from $3.75 to $4.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Wells Fargo & Company cut their price target on Ardagh Metal Packaging from $4.50 to $4.00 and set an “equal weight” rating for the company in a report on Wednesday, October 15th. Raymond James Financial assumed coverage on Ardagh Metal Packaging in a report on Wednesday, October 15th. They set a “market perform” rating on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ardagh Metal Packaging in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $4.22.

Ardagh Metal Packaging Trading Up 0.4%

Shares of NYSE AMBP opened at $3.89 on Wednesday. Ardagh Metal Packaging S.A. has a 12-month low of $2.50 and a 12-month high of $4.78. The company has a market cap of $2.32 billion, a P/E ratio of -388.50, a P/E/G ratio of 1.18 and a beta of 0.57. The stock has a fifty day moving average price of $3.71 and a 200 day moving average price of $3.90.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings data on Thursday, October 23rd. 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 58.16% and a net margin of 0.30%.The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the firm posted $0.08 earnings per share. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. On average, sell-side analysts forecast that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 3rd were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $0.40 annualized dividend and a yield of 10.3%. Ardagh Metal Packaging’s dividend payout ratio (DPR) is -4,000.00%.

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.