Ardagh Metal Packaging (NYSE:AMBP) Shares Gap Down - Here's What Happened

Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report)'s stock price gapped down prior to trading 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 Trading Down 0.7%

The firm has a market capitalization of $2.46 billion, a PE ratio of -34.25, a PEG ratio of 0.54 and a beta of 0.53. The business's 50 day simple moving average is $3.54 and its 200 day simple moving average is $3.15.

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

Ardagh Metal Packaging Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were paid a $0.10 dividend. The ex-dividend date was Monday, May 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.73%. Ardagh Metal Packaging's payout ratio is currently -1,000.00%.

Institutional Investors Weigh In On Ardagh Metal Packaging

Several institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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. Private Management Group Inc. lifted its holdings in shares of Ardagh Metal Packaging by 4.8% in the 1st quarter. Private Management Group Inc. now owns 5,690,572 shares of the company's stock worth $17,186,000 after acquiring an additional 258,298 shares during the last quarter. Diameter Capital Partners LP lifted its holdings in shares of Ardagh Metal Packaging by 10.1% in the 4th quarter. Diameter Capital Partners LP now owns 4,374,121 shares of the company's stock worth $13,166,000 after acquiring an additional 400,000 shares during the last quarter. Anchorage Capital Advisors L.P. lifted its holdings in shares of Ardagh Metal Packaging by 85.9% in the 1st quarter. Anchorage Capital Advisors L.P. now owns 3,601,083 shares of the company's stock worth $10,875,000 after acquiring an additional 1,664,083 shares during the last quarter. Finally, Solas Capital Management LLC lifted its holdings in shares of Ardagh Metal Packaging by 10.9% in the 4th 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 last quarter. 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.