Anchorage Capital Advisors L.P. Buys Shares of 1,937,000 Ardagh Metal Packaging S.A. (NYSE:AMBP)

Anchorage Capital Advisors L.P. acquired a new position in Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,937,000 shares of the company's stock, valued at approximately $5,830,000. Ardagh Metal Packaging accounts for approximately 3.9% of Anchorage Capital Advisors L.P.'s investment portfolio, making the stock its 5th biggest holding. Anchorage Capital Advisors L.P. owned about 0.32% of Ardagh Metal Packaging at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Marshall Wace LLP raised its stake in shares of Ardagh Metal Packaging by 2.4% during the 4th quarter. Marshall Wace LLP now owns 171,277 shares of the company's stock worth $516,000 after purchasing an additional 3,970 shares in the last quarter. Dakota Wealth Management increased its stake in Ardagh Metal Packaging by 2.8% during the fourth quarter. Dakota Wealth Management now owns 146,682 shares of the company's stock valued at $442,000 after acquiring an additional 4,030 shares during the period. Gabelli Funds LLC raised its stake in shares of Ardagh Metal Packaging by 3.7% in the 4th quarter. Gabelli Funds LLC now owns 139,000 shares of the company's stock valued at $418,000 after buying an additional 5,000 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in Ardagh Metal Packaging by 6.1% during the fourth quarter. MetLife Investment Management LLC now owns 90,709 shares of the company's stock valued at $273,000 after purchasing an additional 5,218 shares in the last quarter. Finally, Ieq Capital LLC grew its position in Ardagh Metal Packaging by 15.7% in the fourth quarter. Ieq Capital LLC now owns 39,028 shares of the company's stock valued at $117,000 after acquiring an additional 5,289 shares during the period. 16.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Citigroup lowered their price objective on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Morgan Stanley upgraded Ardagh Metal Packaging from an "underweight" rating to an "equal weight" rating and decreased their target price for the stock from $3.60 to $3.10 in a research report on Monday, January 13th. UBS Group dropped their price objective on Ardagh Metal Packaging from $4.25 to $2.75 and set a "neutral" rating on the stock in a research note on Friday, January 10th. Finally, Wells Fargo & Company reiterated an "equal weight" rating and issued a $3.35 price target (down previously from $3.60) on shares of Ardagh Metal Packaging in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $3.44.

Ardagh Metal Packaging Trading Down 2.5 %

Ardagh Metal Packaging stock traded down $0.09 during midday trading on Monday, reaching $3.56. The company's stock had a trading volume of 1,328,927 shares, compared to its average volume of 1,540,046. The stock has a market cap of $2.13 billion, a PE ratio of -29.66, a price-to-earnings-growth ratio of 0.54 and a beta of 0.51. The business has a 50-day moving average price of $2.97 and a 200-day moving average price of $3.11. Ardagh Metal Packaging S.A. has a 52 week low of $2.50 and a 52 week high of $4.26.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.02 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.01. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.17 billion. Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%. Ardagh Metal Packaging's quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.01 earnings per share. As a group, research analysts predict 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 announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 11.24%. The ex-dividend date of this dividend is Monday, May 5th. Ardagh Metal Packaging's payout ratio is -1,000.00%.

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.