Ardagh Metal Packaging S.A. (NYSE:AMBP) Stake Reduced by Anchorage Capital Group L.L.C.

Anchorage Capital Group L.L.C. cut its stake in Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 50.1% in the 4th quarter, according to its most recent filing with the Securities and 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 holdings, making the stock its 6th biggest holding. Anchorage Capital Group L.L.C. owned about 0.21% of Ardagh Metal Packaging worth $3,799,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of AMBP. Solas Capital Management LLC grew its holdings in shares of Ardagh Metal Packaging by 10.9% in the fourth quarter. Solas Capital Management LLC now owns 3,361,378 shares of the company's stock worth $10,118,000 after acquiring an additional 330,000 shares during the period. CenterBook Partners LP increased its holdings in shares of Ardagh Metal Packaging by 161.0% in the fourth quarter. CenterBook Partners LP now owns 2,370,730 shares of the company's stock worth $7,136,000 after purchasing an additional 1,462,548 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Ardagh Metal Packaging by 19.4% in the fourth quarter. Renaissance Technologies LLC now owns 1,817,632 shares of the company's stock valued at $5,471,000 after purchasing an additional 294,700 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Ardagh Metal Packaging by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,810,069 shares of the company's stock valued at $5,448,000 after buying an additional 25,187 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of Ardagh Metal Packaging by 7.5% in the 4th quarter. Gamco Investors INC. ET AL now owns 1,314,433 shares of the company's stock worth $3,956,000 after purchasing an additional 91,500 shares during the period. 16.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Citigroup decreased their target price on 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. 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. Wells Fargo & Company reiterated an "equal weight" rating and issued a $3.35 target price (down from $3.60) on shares of Ardagh Metal Packaging in a research note on Thursday, January 16th. Finally, Morgan Stanley upgraded Ardagh Metal Packaging from an "underweight" rating to an "equal weight" rating and reduced their price objective for the stock from $3.60 to $3.10 in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $3.44.

Ardagh Metal Packaging Price Performance

Shares of NYSE AMBP traded down $0.09 during mid-day trading on Monday, hitting $3.56. The company had a trading volume of 1,328,927 shares, compared to its average volume of 1,540,046. The business's 50-day simple moving average is $2.97 and its 200 day simple moving average is $3.11. Ardagh Metal Packaging S.A. has a 1-year low of $2.50 and a 1-year high of $4.26. The company has a market capitalization 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.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.02 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the business posted $0.01 EPS. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. On average, analysts expect that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current year.

Ardagh Metal Packaging Dividend Announcement

The company also recently declared 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 11.24%. The ex-dividend date is Monday, May 5th. Ardagh Metal Packaging's dividend payout ratio is currently -1,000.00%.

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.