Anchorage Capital Group L.L.C. Sells 1,250,000 Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP)

Anchorage Capital Group L.L.C. decreased its holdings in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 50.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,245,385 shares of the company's stock after selling 1,250,000 shares during the quarter. Ardagh Metal Packaging comprises about 1.3% of Anchorage Capital Group L.L.C.'s portfolio, making the stock its 6th biggest holding. Anchorage Capital Group L.L.C. owned approximately 0.21% of Ardagh Metal Packaging worth $3,799,000 at the end of the most recent quarter.

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

Ardagh Metal Packaging Price Performance

NYSE AMBP traded up $0.10 during trading on Thursday, hitting $3.64. The company's stock had a trading volume of 1,160,960 shares, compared to its average volume of 1,547,190. The company has a market cap of $2.18 billion, a PE ratio of -30.33, a P/E/G ratio of 0.54 and a beta of 0.51. Ardagh Metal Packaging S.A. has a fifty-two week low of $2.50 and a fifty-two week high of $4.26. The business's 50 day simple moving average is $2.99 and its 200-day simple moving average is $3.12.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.01. Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. Analysts expect that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders 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 dividend yield of 10.99%. The ex-dividend date is Monday, May 5th. Ardagh Metal Packaging's dividend payout ratio is presently -1,000.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AMBP shares. UBS Group cut their price target on shares of Ardagh Metal Packaging from $4.25 to $2.75 and set a "neutral" rating on the stock in a report on Friday, January 10th. Morgan Stanley raised Ardagh Metal Packaging from an "underweight" rating to an "equal weight" rating and lowered their target price for the company from $3.60 to $3.10 in a report on Monday, January 13th. Finally, Wells Fargo & Company reissued an "equal weight" rating and set a $3.35 price objective (down from $3.60) on shares of Ardagh Metal Packaging in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $3.44.

Ardagh Metal Packaging Company 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.