Ardagh Metal Packaging (NYSE:AMBP) Shares Gap Down - Time to Sell?

Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $4.15, but opened at $4.05. Ardagh Metal Packaging shares last traded at $4.19, with a volume of 455,878 shares.

Ardagh Metal Packaging Price Performance

The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of -34.21, a P/E/G ratio of 0.54 and a beta of 0.53. The stock has a fifty day moving average of $3.48 and a two-hundred day moving average of $3.14.

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. On average, research analysts forecast that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current year.

Ardagh Metal Packaging Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.74%. Ardagh Metal Packaging's dividend payout ratio (DPR) is presently -1,000.00%.

Hedge Funds Weigh In On Ardagh Metal Packaging

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

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.