Private Management Group Inc. Increases Stake in Ardagh Metal Packaging S.A. (NYSE:AMBP)

Private Management Group Inc. boosted its holdings in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 8.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,633,286 shares of the company’s stock after buying an additional 461,967 shares during the quarter. Private Management Group Inc. owned 0.94% of Ardagh Metal Packaging worth $21,632,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. W.G. Shaheen & Associates DBA Whitney & Co raised its stake in shares of Ardagh Metal Packaging by 0.7% in the third quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 435,522 shares of the company’s stock valued at $1,363,000 after acquiring an additional 2,915 shares in the last quarter. Greenwich Wealth Management LLC raised its position in Ardagh Metal Packaging by 29.7% in the 3rd quarter. Greenwich Wealth Management LLC now owns 14,780 shares of the company’s stock valued at $46,000 after purchasing an additional 3,388 shares in the last quarter. Signaturefd LLC raised its position in Ardagh Metal Packaging by 44.9% in the 4th quarter. Signaturefd LLC now owns 21,066 shares of the company’s stock valued at $81,000 after purchasing an additional 6,531 shares in the last quarter. Essex Financial Services Inc. boosted its stake in shares of Ardagh Metal Packaging by 9.1% in the 3rd quarter. Essex Financial Services Inc. now owns 105,690 shares of the company’s stock valued at $331,000 after buying an additional 8,845 shares during the period. Finally, Wedmont Private Capital acquired a new position in shares of Ardagh Metal Packaging during the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Stock Performance

NYSE AMBP traded up $0.08 during trading hours on Tuesday, hitting $3.71. The company had a trading volume of 1,420,429 shares, compared to its average volume of 1,200,377. The business has a 50 day moving average of $3.47 and a 200-day moving average of $3.55. The company has a market cap of $2.22 billion, a PE ratio of -30.92, a price-to-earnings-growth ratio of 0.70 and a beta of 0.75. Ardagh Metal Packaging S.A. has a 1-year low of $2.57 and a 1-year high of $4.29. The company has a debt-to-equity ratio of 34.34, a quick ratio of 0.68 and a current ratio of 0.99.

Ardagh Metal Packaging (NYSE:AMBP) last announced its earnings results on Thursday, February 22nd. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. Ardagh Metal Packaging had a negative net margin of 1.04% and a positive return on equity of 38.48%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the company earned $0.05 earnings per share. As a group, equities research analysts expect that Ardagh Metal Packaging S.A. will post 0.18 EPS for the current year.

Ardagh Metal Packaging Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 13th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.78%. Ardagh Metal Packaging’s payout ratio is -333.33%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. UBS Group initiated coverage on shares of Ardagh Metal Packaging in a research note on Tuesday, January 16th. They issued a “buy” rating and a $5.00 price target for the company. Barclays downgraded shares of Ardagh Metal Packaging from an “overweight” rating to an “equal weight” rating and set a $4.00 target price for the company. in a research note on Monday, January 8th. Truist Financial restated a “hold” rating and issued a $3.00 price target (down from $4.00) on shares of Ardagh Metal Packaging in a research note on Monday, February 26th. Morgan Stanley initiated coverage on Ardagh Metal Packaging in a report on Monday, March 18th. They set an “underweight” rating and a $3.20 price target for the company. Finally, Wells Fargo & Company increased their price objective on Ardagh Metal Packaging from $3.70 to $3.75 and gave the company an “equal weight” rating in a report on Thursday, April 11th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Ardagh Metal Packaging has an average rating of “Hold” and an average price target of $4.31.

Ardagh Metal Packaging 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.