Jump Financial LLC Decreases Holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP)

Jump Financial LLC reduced its holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 60.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 76,564 shares of the company's stock after selling 118,533 shares during the quarter. Jump Financial LLC's holdings in Ardagh Metal Packaging were worth $230,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its stake in shares of Ardagh Metal Packaging by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,784,882 shares of the company's stock valued at $6,729,000 after acquiring an additional 11,963 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Ardagh Metal Packaging by 195.3% in the third quarter. JPMorgan Chase & Co. now owns 196,979 shares of the company's stock worth $743,000 after purchasing an additional 130,264 shares during the period. CWA Asset Management Group LLC increased its stake in Ardagh Metal Packaging by 19.7% in the fourth quarter. CWA Asset Management Group LLC now owns 105,699 shares of the company's stock valued at $318,000 after purchasing an additional 17,427 shares in the last quarter. Dakota Wealth Management increased its stake in Ardagh Metal Packaging by 2.8% in the fourth quarter. Dakota Wealth Management now owns 146,682 shares of the company's stock valued at $442,000 after purchasing an additional 4,030 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Ardagh Metal Packaging by 44.5% during the fourth quarter. SG Americas Securities LLC now owns 73,250 shares of the company's stock valued at $220,000 after purchasing an additional 22,574 shares during the period. 16.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on AMBP. 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. Morgan Stanley upgraded Ardagh Metal Packaging from an "underweight" rating to an "equal weight" rating and decreased their price objective for the company from $3.60 to $3.10 in a report on Monday, January 13th. 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 report on Thursday, January 16th. Finally, UBS Group decreased their price target on shares of 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 research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $3.44.

Ardagh Metal Packaging Trading Down 1.8 %

Shares of NYSE:AMBP traded down $0.07 during mid-day trading on Friday, hitting $3.65. 640,989 shares of the company traded hands, compared to its average volume of 1,529,848. The stock has a 50-day moving average price of $2.94 and a two-hundred day moving average price of $3.13. Ardagh Metal Packaging S.A. has a 12-month low of $2.50 and a 12-month high of $4.26. The stock has a market cap of $2.18 billion, a P/E ratio of -30.37, a P/E/G ratio of 0.54 and a beta of 0.54.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.01. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.17 billion. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. The business's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.01 EPS. As a group, analysts expect that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $0.40 annualized dividend and a yield of 10.97%. Ardagh Metal Packaging's dividend payout ratio (DPR) is -1,000.00%.

Ardagh Metal Packaging 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.