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

Lazard Asset Management LLC grew its position in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 47.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 280,218 shares of the company's stock after buying an additional 89,622 shares during the quarter. Lazard Asset Management LLC's holdings in Ardagh Metal Packaging were worth $843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of AMBP. Jacobs Levy Equity Management Inc. lifted its stake in shares of Ardagh Metal Packaging by 1.1% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,797,700 shares of the company's stock worth $5,411,000 after purchasing an additional 19,534 shares during the period. King Street Capital Management L.P. increased its holdings in Ardagh Metal Packaging by 155.0% during the fourth quarter. King Street Capital Management L.P. now owns 2,550,000 shares of the company's stock valued at $7,676,000 after buying an additional 1,550,000 shares during the last quarter. Diameter Capital Partners LP raised its position in Ardagh Metal Packaging by 10.1% in the fourth quarter. Diameter Capital Partners LP now owns 4,374,121 shares of the company's stock worth $13,166,000 after acquiring an additional 400,000 shares during the period. EP Wealth Advisors LLC boosted its stake in shares of Ardagh Metal Packaging by 9.5% during the 4th quarter. EP Wealth Advisors LLC now owns 54,647 shares of the company's stock worth $164,000 after acquiring an additional 4,731 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of Ardagh Metal Packaging during the 4th quarter valued at $103,000. 16.93% of the stock is currently owned by hedge funds and other institutional investors.

Ardagh Metal Packaging Trading Down 0.6%

Ardagh Metal Packaging stock traded down $0.03 during trading on Monday, reaching $3.83. The company had a trading volume of 1,912,981 shares, compared to its average volume of 1,643,503. The firm has a market capitalization 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 firm's 50-day simple moving average is $3.24 and its 200 day simple moving average is $3.11. Ardagh Metal Packaging S.A. has a 52 week low of $2.50 and a 52 week high of $4.26.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.02 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.01. Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%. The business had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter in the prior year, the business posted $0.01 earnings per share. The business's quarterly revenue was up 11.1% on a year-over-year basis. On average, analysts predict that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 10.46%. The ex-dividend date was Monday, May 5th. Ardagh Metal Packaging's dividend payout ratio is -1,000.00%.

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.