Ardagh Metal Packaging (NYSE:AMBP) Sets New 1-Year High - What's Next?

Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $4.30 and last traded at $4.24, with a volume of 1990197 shares changing hands. The stock had previously closed at $4.15.

Ardagh Metal Packaging Price Performance

The company has a 50-day simple moving average of $3.48 and a two-hundred day simple moving average of $3.14. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of -34.66, a price-to-earnings-growth ratio of 0.54 and a beta of 0.53.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the company posted $0.01 EPS. The business's revenue for the quarter was up 11.1% compared to the same quarter last year. Research analysts anticipate that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current year.

Ardagh Metal Packaging Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.62%. The ex-dividend date was Monday, May 5th. Ardagh Metal Packaging's dividend payout ratio is currently -1,000.00%.

Hedge Funds Weigh In On Ardagh Metal Packaging

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Ardagh Metal Packaging by 172.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,324,218 shares of the company's stock valued at $28,159,000 after buying an additional 5,902,246 shares in the last quarter. Anchorage Capital Advisors L.P. acquired a new position in Ardagh Metal Packaging in the fourth quarter worth approximately $5,830,000. King Street Capital Management L.P. increased its holdings in shares of Ardagh Metal Packaging by 155.0% in the fourth quarter. King Street Capital Management L.P. now owns 2,550,000 shares of the company's stock valued at $7,676,000 after buying an additional 1,550,000 shares in the last quarter. CenterBook Partners LP lifted its position in shares of Ardagh Metal Packaging by 161.0% during the 4th quarter. CenterBook Partners LP now owns 2,370,730 shares of the company's stock valued at $7,136,000 after acquiring an additional 1,462,548 shares during the last quarter. Finally, Mountaineer Partners Management LLC bought a new stake in shares of Ardagh Metal Packaging during the 4th quarter worth $3,184,000. Institutional investors own 16.93% of the company's stock.

About Ardagh Metal Packaging

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.