Ardagh Metal Packaging S.A. (NYSE:AMBP) Shares Purchased by XTX Topco Ltd

Key Points

• XTX Topco Ltd increased its stake in Ardagh Metal Packaging by 86.6%, acquiring an additional 143,014 shares and bringing its total holdings to 308,104 shares, valued at approximately $930,000.
• The stock price of Ardagh Metal Packaging remains flat at $3.91, with a market cap of $2.34 billion and a PE ratio of -130.33.
• Ardagh Metal Packaging declared a quarterly dividend of $0.10 per share, providing an annual yield of 10.2%, with the ex-dividend date on August 7th.

XTX Topco Ltd raised its position in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 86.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 308,104 shares of the company's stock after acquiring an additional 143,014 shares during the period. XTX Topco Ltd owned approximately 0.05% of Ardagh Metal Packaging worth $930,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. raised its stake in Ardagh Metal Packaging by 140.6% in the first quarter. SBI Securities Co. Ltd. now owns 9,173 shares of the company's stock worth $28,000 after buying an additional 5,361 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Ardagh Metal Packaging by 292.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,975 shares of the company's stock worth $33,000 after buying an additional 8,180 shares in the last quarter. Cerity Partners LLC purchased a new position in Ardagh Metal Packaging in the first quarter worth $43,000. Franklin Resources Inc. purchased a new position in Ardagh Metal Packaging in the fourth quarter worth $50,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Ardagh Metal Packaging in the first quarter worth $51,000. Hedge funds and other institutional investors own 16.93% of the company's stock.

Analyst Ratings Changes

AMBP has been the topic of several analyst reports. UBS Group cut their price target on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a "neutral" rating on the stock in a report on Tuesday, July 29th. Wells Fargo & Company set a $4.50 price objective on shares of Ardagh Metal Packaging and gave the company an "equal weight" rating in a report on Monday, July 28th. Morgan Stanley boosted their price objective on shares of Ardagh Metal Packaging from $3.50 to $4.10 and gave the company an "equal weight" rating in a report on Wednesday, June 25th. Finally, Citigroup boosted their price objective on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Ardagh Metal Packaging has a consensus rating of "Hold" and a consensus target price of $4.32.

Ardagh Metal Packaging Stock Up 0.5%

AMBP traded up $0.02 on Tuesday, reaching $3.93. The company had a trading volume of 1,749,965 shares, compared to its average volume of 1,931,639. Ardagh Metal Packaging S.A. has a 1 year low of $2.50 and a 1 year high of $4.78. The stock has a market capitalization of $2.35 billion, a PE ratio of -131.00, a P/E/G ratio of 1.39 and a beta of 0.55. The stock has a 50-day moving average price of $4.24 and a 200-day moving average price of $3.45.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.01. Ardagh Metal Packaging had a net margin of 0.13% and a negative return on equity of 76.86%. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the business posted $0.06 earnings per share. The business's revenue was up 15.6% compared to the same quarter last year. As a group, analysts expect that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 19th. Stockholders of record on Thursday, August 7th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, August 7th. This represents a $0.40 annualized dividend and a dividend yield of 10.2%. Ardagh Metal Packaging's dividend payout ratio is presently -1,333.33%.

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.