Ardagh Metal Packaging S.A. $AMBP Shares Bought by Gamco Investors INC. ET AL

Key Points

• Gamco Investors INC. ET AL increased its stake in Ardagh Metal Packaging by 5.3% during Q1, owning approximately 1.38 million shares worth $4.18 million.
• Ardagh Metal Packaging reported a 15.6% revenue increase year-over-year, achieving $1.46 billion and beating analysts' expectations for earnings per share (EPS) by $0.01.
• The company has announced a quarterly dividend of $0.10 per share, representing a substantial yield of 10.8%, despite a high negative payout ratio of -1,333.33%.

Gamco Investors INC. ET AL lifted its position in Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 5.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,384,608 shares of the company's stock after buying an additional 70,175 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.23% of Ardagh Metal Packaging worth $4,182,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AMBP. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Ardagh Metal Packaging in the first quarter worth $33,000. Quantbot Technologies LP boosted its holdings in Ardagh Metal Packaging by 17.1% in the first quarter. Quantbot Technologies LP now owns 96,779 shares of the company's stock valued at $292,000 after purchasing an additional 14,132 shares during the period. Nuveen LLC acquired a new position in Ardagh Metal Packaging during the 1st quarter worth $1,229,000. Invesco Ltd. grew its stake in Ardagh Metal Packaging by 16.0% during the 1st quarter. Invesco Ltd. now owns 449,965 shares of the company's stock worth $1,359,000 after purchasing an additional 62,180 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Ardagh Metal Packaging by 84.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 745,986 shares of the company's stock worth $2,253,000 after purchasing an additional 342,002 shares during the period. Institutional investors and hedge funds own 16.93% of the company's stock.

Ardagh Metal Packaging Stock Up 1.0%

Shares of NYSE AMBP opened at $3.71 on Thursday. The business has a 50-day moving average price of $4.16 and a 200 day moving average price of $3.56. The stock has a market cap of $2.21 billion, a PE ratio of -123.50, a price-to-earnings-growth ratio of 1.30 and a beta of 0.55. Ardagh Metal Packaging S.A. has a 52-week low of $2.50 and a 52-week high of $4.78.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.01. The business had revenue of $1.46 billion during the quarter, compared to analysts' expectations of $1.33 billion. Ardagh Metal Packaging had a net margin of 0.13% and a negative return on equity of 76.86%. The business's revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.06 earnings per share. Sell-side analysts anticipate that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Thursday, August 7th were paid a $0.10 dividend. The ex-dividend date was Thursday, August 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.8%. Ardagh Metal Packaging's payout ratio is -1,333.33%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AMBP. Morgan Stanley upped their target price on shares of Ardagh Metal Packaging from $3.50 to $4.10 and gave the stock an "equal weight" rating in a research note on Wednesday, June 25th. Citigroup boosted their price target on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Wells Fargo & Company reduced their price objective on shares of Ardagh Metal Packaging from $5.00 to $4.50 and set an "equal weight" rating on the stock in a report on Monday, July 28th. Finally, UBS Group decreased their price objective on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a "neutral" rating for the company in a research report on Tuesday, July 29th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $4.32.

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.

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