Lazard Asset Management LLC Boosts Stake in Ardagh Metal Packaging S.A. (NYSE:AMBP)

Lazard Asset Management LLC lifted its holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 47.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 280,218 shares of the company's stock after buying an additional 89,622 shares during the period. Lazard Asset Management LLC's holdings in Ardagh Metal Packaging were worth $843,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMBP. JPMorgan Chase & Co. lifted its stake in Ardagh Metal Packaging by 195.3% in the third quarter. JPMorgan Chase & Co. now owns 196,979 shares of the company's stock valued at $743,000 after purchasing an additional 130,264 shares during the last quarter. Dakota Wealth Management lifted its stake in Ardagh Metal Packaging by 2.8% in the fourth quarter. Dakota Wealth Management now owns 146,682 shares of the company's stock valued at $442,000 after purchasing an additional 4,030 shares during the last quarter. SG Americas Securities LLC lifted its stake in Ardagh Metal Packaging by 44.5% in the fourth quarter. SG Americas Securities LLC now owns 73,250 shares of the company's stock valued at $220,000 after purchasing an additional 22,574 shares during the last quarter. PFG Investments LLC lifted its stake in Ardagh Metal Packaging by 21.9% in the fourth quarter. PFG Investments LLC now owns 55,631 shares of the company's stock valued at $167,000 after purchasing an additional 9,997 shares during the last quarter. Finally, Clarity Financial LLC lifted its stake in Ardagh Metal Packaging by 318.0% in the fourth quarter. Clarity Financial LLC now owns 52,244 shares of the company's stock valued at $157,000 after purchasing an additional 39,744 shares during the last quarter. Hedge funds and other institutional investors own 16.93% of the company's stock.

Ardagh Metal Packaging Stock Down 0.6%

Ardagh Metal Packaging stock traded down $0.03 during trading on Friday, hitting $3.83. The stock had a trading volume of 1,912,981 shares, compared to its average volume of 1,639,482. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of -31.87, a price-to-earnings-growth ratio of 0.54 and a beta of 0.51. The stock's 50 day moving average is $3.22 and its two-hundred day moving average is $3.11. Ardagh Metal Packaging S.A. has a 1 year low of $2.50 and a 1 year high of $4.26.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. The firm had revenue of $1.27 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.01 earnings per share. As a group, equities research analysts anticipate that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.40 annualized dividend and a dividend yield of 10.46%. Ardagh Metal Packaging's dividend payout ratio 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.