Gamco Investors INC. ET AL Grows Stock Holdings in Ardagh Metal Packaging S.A. $AMBP

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 the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,384,608 shares of the company's stock after acquiring an additional 70,175 shares during the period. Gamco Investors INC. ET AL owned 0.23% of Ardagh Metal Packaging worth $4,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in Ardagh Metal Packaging during the 1st quarter worth about $33,000. Quantbot Technologies LP grew its position in Ardagh Metal Packaging by 17.1% during the 1st quarter. Quantbot Technologies LP now owns 96,779 shares of the company's stock worth $292,000 after purchasing an additional 14,132 shares during the period. Nuveen LLC acquired a new stake in Ardagh Metal Packaging during the 1st quarter worth about $1,229,000. Invesco Ltd. grew its position 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 during the period. Finally, Charles Schwab Investment Management Inc. grew its position 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. 16.93% of the stock is owned by institutional investors and hedge funds.

Ardagh Metal Packaging Price Performance

Ardagh Metal Packaging stock traded down $0.04 during midday trading on Tuesday, reaching $3.66. The company had a trading volume of 160,963 shares, compared to its average volume of 1,769,355. The company has a market capitalization of $2.18 billion, a P/E ratio of -121.83, a P/E/G ratio of 1.31 and a beta of 0.55. Ardagh Metal Packaging S.A. has a 12-month low of $2.50 and a 12-month high of $4.78. The firm's fifty day simple moving average is $4.13 and its 200-day simple moving average is $3.60.

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

Ardagh Metal Packaging Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Thursday, August 7th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 10.9%. The ex-dividend date of this dividend was Thursday, August 7th. Ardagh Metal Packaging's dividend payout ratio (DPR) is -1,333.33%.

Wall Street Analyst Weigh In

AMBP has been the topic of a number of analyst reports. Wells Fargo & Company dropped their target price on Ardagh Metal Packaging from $5.00 to $4.50 and set an "equal weight" rating on the stock in a research report on Monday, July 28th. Citigroup upped their price target on Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Morgan Stanley upped their price target on Ardagh Metal Packaging from $3.50 to $4.10 and gave the stock an "equal weight" rating in a report on Wednesday, June 25th. Finally, UBS Group reduced their price target on Ardagh Metal Packaging from $4.50 to $4.00 and set a "neutral" rating for the company in a report on Tuesday, July 29th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $4.32.

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.