CenterBook Partners LP Reduces Position in Ardagh Metal Packaging S.A. (NYSE:AMBP)

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

Several other institutional investors have also added to or reduced their stakes in AMBP. SBI Securities Co. Ltd. lifted its stake in Ardagh Metal Packaging by 140.6% in the first quarter. SBI Securities Co. Ltd. now owns 9,173 shares of the company's stock worth $28,000 after purchasing an additional 5,361 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Ardagh Metal Packaging by 292.7% in 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 during the period. Xponance Inc. purchased a new stake in shares of Ardagh Metal Packaging in the fourth quarter worth approximately $41,000. Cibc World Markets Corp bought a new stake in shares of Ardagh Metal Packaging during the 4th quarter worth approximately $41,000. Finally, Cerity Partners LLC purchased a new position in Ardagh Metal Packaging during the 1st quarter valued at $43,000. Hedge funds and other institutional investors own 16.93% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Citigroup increased their target price on Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Morgan Stanley raised 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. Finally, UBS Group boosted their price objective on shares of Ardagh Metal Packaging from $3.40 to $4.50 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $4.19.

Ardagh Metal Packaging Price Performance

Shares of AMBP stock traded down $0.01 during mid-day trading on Wednesday, hitting $4.60. The stock had a trading volume of 1,106,021 shares, compared to its average volume of 1,628,049. Ardagh Metal Packaging S.A. has a 12-month low of $2.50 and a 12-month high of $4.78. The firm's 50-day moving average is $4.14 and its two-hundred day moving average is $3.32. The firm has a market capitalization of $2.75 billion, a P/E ratio of -114.88, a price-to-earnings-growth ratio of 1.10 and a beta of 0.56.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last released 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 company 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 firm's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 earnings per share. Analysts expect 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 paid a dividend of $0.10 per share. 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 dividend payout ratio is presently -1,000.00%.

Ardagh Metal Packaging 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.