Diameter Capital Partners LP Increases Stock Holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP)

Diameter Capital Partners LP lifted its holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 10.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,374,121 shares of the company's stock after purchasing an additional 400,000 shares during the quarter. Ardagh Metal Packaging accounts for approximately 2.0% of Diameter Capital Partners LP's investment portfolio, making the stock its 18th largest position. Diameter Capital Partners LP owned 0.73% of Ardagh Metal Packaging worth $13,166,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AMBP. EP Wealth Advisors LLC raised its holdings in Ardagh Metal Packaging by 9.5% during the 4th quarter. EP Wealth Advisors LLC now owns 54,647 shares of the company's stock valued at $164,000 after buying an additional 4,731 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of Ardagh Metal Packaging in the 4th quarter worth about $103,000. Ameriprise Financial Inc. purchased a new position in shares of Ardagh Metal Packaging during the 4th quarter worth about $63,000. Anchorage Capital Advisors L.P. bought a new position in Ardagh Metal Packaging during the 4th quarter valued at about $5,830,000. Finally, Solas Capital Management LLC grew its holdings in Ardagh Metal Packaging by 10.9% during the 4th quarter. Solas Capital Management LLC now owns 3,361,378 shares of the company's stock valued at $10,118,000 after purchasing an additional 330,000 shares during the last quarter. Institutional investors own 16.93% of the company's stock.

Wall Street Analysts Forecast Growth

AMBP has been the topic of a number of research analyst reports. Wells Fargo & Company restated an "equal weight" rating and issued a $3.35 price target (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 lowered their target price for the stock from $3.60 to $3.10 in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $3.44.

Ardagh Metal Packaging Stock Up 1.7%

Shares of Ardagh Metal Packaging stock traded up $0.07 on Monday, reaching $3.80. The stock had a trading volume of 972,212 shares, compared to its average volume of 1,557,451. Ardagh Metal Packaging S.A. has a 1 year low of $2.50 and a 1 year high of $4.26. The company has a 50 day moving average price of $3.02 and a 200 day moving average price of $3.10. The stock has a market capitalization of $2.27 billion, a P/E ratio of -31.62, a P/E/G ratio of 0.54 and a beta of 0.51.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last announced its 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. Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the business earned $0.01 EPS. The firm's revenue for the quarter was up 11.1% on a year-over-year basis. On average, analysts forecast that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 10.54%. The ex-dividend date of this dividend is Monday, May 5th. Ardagh Metal Packaging's dividend payout ratio is currently -1,000.00%.

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.