Bank of America Corp DE trimmed its holdings in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 33.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 219,038 shares of the company's stock after selling 109,284 shares during the period. Bank of America Corp DE's holdings in Ardagh Metal Packaging were worth $659,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of AMBP. Larson Financial Group LLC acquired a new position in shares of Ardagh Metal Packaging during the 4th quarter worth approximately $30,000. Tower Research Capital LLC TRC increased its position in Ardagh Metal Packaging by 292.7% during 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. Cibc World Markets Corp acquired a new position in shares of Ardagh Metal Packaging in the fourth quarter worth $41,000. Xponance Inc. purchased a new stake in shares of Ardagh Metal Packaging in the fourth quarter valued at $41,000. Finally, Aigen Investment Management LP acquired a new stake in shares of Ardagh Metal Packaging during the fourth quarter valued at $42,000. 16.93% of the stock is currently owned by hedge funds and other institutional investors.
Ardagh Metal Packaging Stock Performance
Ardagh Metal Packaging stock traded down $0.03 during midday trading on Friday, reaching $4.11. 3,001,976 shares of the company were exchanged, compared to its average volume of 1,682,327. The firm's 50-day simple moving average is $3.51 and its 200-day simple moving average is $3.14. Ardagh Metal Packaging S.A. has a 1 year low of $2.50 and a 1 year high of $4.30. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of -34.25, a P/E/G ratio of 0.54 and a beta of 0.53.
Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the firm posted $0.01 earnings per share. The company's quarterly revenue was up 11.1% compared to the same quarter last year. On average, analysts forecast 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 declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were issued a $0.10 dividend. The ex-dividend date was Monday, May 5th. This represents a $0.40 annualized dividend and a yield of 9.73%. Ardagh Metal Packaging's dividend payout ratio is currently -1,000.00%.
Ardagh Metal Packaging Company Profile
(
Free Report)
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.
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