CenterBook Partners LP Sells 944,726 Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP)

CenterBook Partners LP decreased its holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 39.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,426,004 shares of the company's stock after selling 944,726 shares during the period. CenterBook Partners LP owned 0.24% of Ardagh Metal Packaging worth $4,307,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AMBP. Anchorage Capital Advisors L.P. purchased a new position in Ardagh Metal Packaging during the fourth quarter valued at approximately $5,830,000. King Street Capital Management L.P. grew its stake 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 acquiring an additional 1,550,000 shares in the last quarter. Mountaineer Partners Management LLC purchased a new position in Ardagh Metal Packaging during the fourth quarter valued at approximately $3,184,000. JPMorgan Chase & Co. grew its stake in Ardagh Metal Packaging by 205.1% during the fourth quarter. JPMorgan Chase & Co. now owns 600,917 shares of the company's stock valued at $1,809,000 after acquiring an additional 403,938 shares in the last quarter. Finally, Diameter Capital Partners LP grew its stake in Ardagh Metal Packaging by 10.1% during the fourth quarter. Diameter Capital Partners LP now owns 4,374,121 shares of the company's stock valued at $13,166,000 after acquiring an additional 400,000 shares in the last quarter. 16.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. 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 research note on Thursday, July 3rd. Morgan Stanley boosted their price target on shares of 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. UBS Group boosted their price target on shares of Ardagh Metal Packaging from $3.40 to $4.50 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Finally, Wells Fargo & Company boosted their price target on shares of Ardagh Metal Packaging from $3.45 to $5.00 and gave the stock an "equal weight" rating in a research note on Friday. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $4.52.

Ardagh Metal Packaging Trading Up 0.9%

Shares of AMBP traded up $0.04 during mid-day trading on Friday, reaching $4.59. The company's stock had a trading volume of 918,580 shares, compared to its average volume of 1,840,489. The stock has a market cap of $2.74 billion, a PE ratio of -114.75, a P/E/G ratio of 1.10 and a beta of 0.56. Ardagh Metal Packaging S.A. has a 52 week low of $2.50 and a 52 week high of $4.78. The company's fifty day moving average price is $4.16 and its two-hundred day moving average price is $3.33.

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 for the quarter, topping analysts' consensus estimates of $0.01 by $0.01. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.17 billion. Ardagh Metal Packaging had a net margin of 0.08% and a negative return on equity of 112.58%. The business's quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.01 EPS. Research analysts anticipate that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current year.

Ardagh Metal Packaging Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 8.71%. Ardagh Metal Packaging's 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.