CWA Asset Management Group LLC Grows Stock Holdings in Ardagh Metal Packaging S.A. $AMBP

CWA Asset Management Group LLC grew its stake in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 107.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 500,070 shares of the company’s stock after acquiring an additional 259,230 shares during the period. CWA Asset Management Group LLC owned 0.08% of Ardagh Metal Packaging worth $2,050,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Ardagh Metal Packaging by 3.2% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,392,929 shares of the company’s stock valued at $41,468,000 after purchasing an additional 323,790 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Ardagh Metal Packaging by 3,867.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,546,227 shares of the company’s stock worth $15,178,000 after purchasing an additional 3,456,833 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Ardagh Metal Packaging by 18.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,486,321 shares of the company’s stock worth $13,909,000 after purchasing an additional 541,261 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in Ardagh Metal Packaging by 603.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,357,953 shares of the company’s stock worth $9,408,000 after purchasing an additional 2,022,889 shares during the period. Finally, Gilman Hill Asset Management LLC grew its holdings in Ardagh Metal Packaging by 0.9% during the 3rd quarter. Gilman Hill Asset Management LLC now owns 2,014,500 shares of the company’s stock valued at $8,038,000 after buying an additional 17,237 shares in the last quarter. 16.93% of the stock is owned by institutional investors.

Ardagh Metal Packaging Stock Down 3.1%

Shares of NYSE AMBP opened at $3.91 on Friday. The firm has a market capitalization of $2.33 billion, a P/E ratio of -390.50, a P/E/G ratio of 0.96 and a beta of 0.54. The stock’s 50-day simple moving average is $4.51 and its two-hundred day simple moving average is $4.06. Ardagh Metal Packaging S.A. has a twelve month low of $2.53 and a twelve month high of $5.03.

Ardagh Metal Packaging (NYSE:AMBP) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Ardagh Metal Packaging had a negative return on equity of 37.42% and a net margin of 0.20%.The company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.03 EPS. As a group, research analysts anticipate 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 announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 10.2%. The ex-dividend date of this dividend is Thursday, March 12th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is currently -4,000.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. UBS Group upped their price target on Ardagh Metal Packaging from $4.00 to $4.25 and gave the company a “neutral” rating in a research report on Monday, January 12th. Wells Fargo & Company cut their price objective on shares of Ardagh Metal Packaging from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Friday. Truist Financial boosted their price objective on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the company a “hold” rating in a research note on Tuesday, January 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ardagh Metal Packaging in a report on Wednesday, January 21st. Finally, Morgan Stanley set a $4.30 target price on shares of Ardagh Metal Packaging in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Ardagh Metal Packaging currently has an average rating of “Hold” and a consensus price target of $4.51.

Ardagh Metal Packaging Company Profile

Ardagh Metal Packaging (NYSE: AMBP) is a global supplier of metal packaging solutions, specializing in the production of steel and aluminum beverage cans, food cans and ends. As a segment of the Ardagh Group, the company supports a broad range of food and beverage customers, including soft drink and craft beer producers, as well as food manufacturers requiring durable, recyclable packaging. Its product portfolio encompasses two‐piece and three‐piece cans, a variety of can ends and closures, and value‐added services such as custom lithography and decorating.

The company operates a network of manufacturing plants across North America and Europe, serving both regional and multinational clients.