Short Interest in Ardagh Metal Packaging S.A. (NYSE:AMBP) Declines By 17.8%

Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 4,300,000 shares, a decline of 17.8% from the March 15th total of 5,230,000 shares. Approximately 3.1% of the company's shares are short sold. Based on an average daily volume of 1,610,000 shares, the days-to-cover ratio is presently 2.7 days.

Hedge Funds Weigh In On Ardagh Metal Packaging

A number of hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC bought a new stake in Ardagh Metal Packaging during the 4th quarter valued at about $30,000. Tower Research Capital LLC TRC grew its holdings in shares of Ardagh Metal Packaging by 292.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,975 shares of the company's stock valued at $33,000 after buying an additional 8,180 shares during the last quarter. Cibc World Markets Corp bought a new stake in shares of Ardagh Metal Packaging during the fourth quarter valued at approximately $41,000. Xponance Inc. purchased a new position in Ardagh Metal Packaging in the 4th quarter worth approximately $41,000. Finally, Aigen Investment Management LP bought a new position in Ardagh Metal Packaging in the 4th quarter valued at approximately $42,000. Institutional investors own 16.93% of the company's stock.

Analyst Upgrades and Downgrades

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

Ardagh Metal Packaging Trading Up 4.7 %

AMBP traded up $0.17 during midday trading on Friday, reaching $3.77. The company's stock had a trading volume of 4,667,362 shares, compared to its average volume of 1,522,797. Ardagh Metal Packaging has a 1 year low of $2.50 and a 1 year high of $4.26. The stock's 50-day moving average is $2.83 and its 200-day moving average is $3.13. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of -31.41, a PEG ratio of 0.54 and a beta of 0.54.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. The company had revenue of $1.27 billion for 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%. As a group, equities research analysts forecast that Ardagh Metal Packaging will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, May 5th. This represents a $0.40 annualized dividend and a dividend yield of 10.61%. Ardagh Metal Packaging's payout ratio is presently -800.00%.

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.