BW Gestao de Investimentos Ltda. Reduces Holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP)

BW Gestao de Investimentos Ltda. lowered its stake in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 45.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,097,120 shares of the company's stock after selling 929,223 shares during the quarter. BW Gestao de Investimentos Ltda. owned about 0.18% of Ardagh Metal Packaging worth $3,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of AMBP. Marshall Wace LLP boosted its stake in Ardagh Metal Packaging by 2.4% during the fourth quarter. Marshall Wace LLP now owns 171,277 shares of the company's stock worth $516,000 after acquiring an additional 3,970 shares in the last quarter. Dakota Wealth Management boosted its position in shares of Ardagh Metal Packaging by 2.8% in the 4th quarter. Dakota Wealth Management now owns 146,682 shares of the company's stock worth $442,000 after purchasing an additional 4,030 shares in the last quarter. Gabelli Funds LLC grew its stake in shares of Ardagh Metal Packaging by 3.7% in the 4th quarter. Gabelli Funds LLC now owns 139,000 shares of the company's stock worth $418,000 after buying an additional 5,000 shares during the last quarter. MetLife Investment Management LLC increased its position in Ardagh Metal Packaging by 6.1% during the 4th quarter. MetLife Investment Management LLC now owns 90,709 shares of the company's stock valued at $273,000 after buying an additional 5,218 shares in the last quarter. Finally, Ieq Capital LLC raised its stake in Ardagh Metal Packaging by 15.7% during the fourth quarter. Ieq Capital LLC now owns 39,028 shares of the company's stock valued at $117,000 after buying an additional 5,289 shares during the last quarter. 16.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AMBP shares. UBS Group reduced their price target on Ardagh Metal Packaging from $4.25 to $2.75 and set a "neutral" rating for the company in a report on Friday, January 10th. Morgan Stanley upgraded shares of Ardagh Metal Packaging from an "underweight" rating to an "equal weight" rating and reduced their price objective for the company from $3.60 to $3.10 in a research note on Monday, January 13th. Finally, Wells Fargo & Company reiterated an "equal weight" rating and issued a $3.35 target price (down previously from $3.60) on shares of Ardagh Metal Packaging in a research note on Thursday, January 16th. 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. According to MarketBeat, Ardagh Metal Packaging presently has a consensus rating of "Hold" and an average price target of $3.44.

Ardagh Metal Packaging Price Performance

NYSE AMBP traded up $0.08 during trading hours on Friday, hitting $3.70. The company's stock had a trading volume of 1,451,714 shares, compared to its average volume of 1,551,539. Ardagh Metal Packaging S.A. has a 12 month low of $2.50 and a 12 month high of $4.26. The company's 50 day simple moving average is $3.00 and its two-hundred day simple moving average is $3.11. The company has a market cap of $2.21 billion, a P/E ratio of -30.83, a price-to-earnings-growth ratio of 0.54 and a beta of 0.51.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.02 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.01. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the business posted $0.01 earnings per share. As a group, research analysts predict that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 10.81%. Ardagh Metal Packaging's dividend payout ratio (DPR) is currently -1,000.00%.

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.