XTX Topco Ltd Increases Stock Holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP)

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 grew its stake in Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 86.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 308,104 shares of the company's stock after acquiring an additional 143,014 shares during the period. XTX Topco Ltd owned 0.05% of Ardagh Metal Packaging worth $930,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. SBI Securities Co. Ltd. grew its holdings in Ardagh Metal Packaging by 140.6% during the 1st quarter. SBI Securities Co. Ltd. now owns 9,173 shares of the company's stock valued at $28,000 after buying an additional 5,361 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Ardagh Metal Packaging by 292.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,975 shares of the company's stock valued at $33,000 after acquiring an additional 8,180 shares during the period. Cerity Partners LLC bought a new stake in Ardagh Metal Packaging during the first quarter valued at approximately $43,000. Franklin Resources Inc. purchased a new position in shares of Ardagh Metal Packaging in the fourth quarter valued at about $50,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Ardagh Metal Packaging in the 1st quarter worth about $51,000. Institutional investors own 16.93% of the company's stock.

Ardagh Metal Packaging Stock Up 1.5%

Shares of AMBP stock traded up $0.06 during trading hours on Thursday, reaching $3.82. 893,412 shares of the company's stock were exchanged, compared to its average volume of 1,875,112. The stock has a market capitalization of $2.28 billion, a P/E ratio of -127.17, a P/E/G ratio of 1.39 and a beta of 0.55. Ardagh Metal Packaging S.A. has a fifty-two week low of $2.50 and a fifty-two week high of $4.78. The business has a fifty 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 posted 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. Ardagh Metal Packaging had a negative return on equity of 76.86% and a net margin of 0.13%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the business posted $0.06 EPS. The firm's quarterly revenue was up 15.6% on a year-over-year basis. As a group, research analysts expect that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 19th. Investors of record on Thursday, August 7th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, August 7th. This represents a $0.40 annualized dividend and a dividend yield of 10.5%. Ardagh Metal Packaging's dividend payout ratio (DPR) is -1,333.33%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AMBP shares. Wells Fargo & Company cut 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. Citigroup upped their target price on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. UBS Group reduced their target price 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. Finally, Morgan Stanley boosted their price target on 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target 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.