Nisa Investment Advisors LLC Raises Stock Position in Ardagh Metal Packaging S.A. (NYSE:AMBP)

Nisa Investment Advisors LLC raised its position in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 29,478.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,960 shares of the company's stock after acquiring an additional 65,737 shares during the period. Nisa Investment Advisors LLC's holdings in Ardagh Metal Packaging were worth $199,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AMBP. Anchorage Capital Advisors L.P. bought a new stake in Ardagh Metal Packaging in the 4th quarter worth about $5,830,000. King Street Capital Management L.P. lifted its stake in Ardagh Metal Packaging by 155.0% in the 4th quarter. King Street Capital Management L.P. now owns 2,550,000 shares of the company's stock worth $7,676,000 after purchasing an additional 1,550,000 shares in the last quarter. CenterBook Partners LP raised its position in shares of Ardagh Metal Packaging by 161.0% during the 4th quarter. CenterBook Partners LP now owns 2,370,730 shares of the company's stock valued at $7,136,000 after buying an additional 1,462,548 shares in the last quarter. Mountaineer Partners Management LLC bought a new position in shares of Ardagh Metal Packaging during the 4th quarter valued at $3,184,000. Finally, JPMorgan Chase & Co. grew its holdings in Ardagh Metal Packaging by 205.1% in the 4th quarter. JPMorgan Chase & Co. now owns 600,917 shares of the company's stock worth $1,809,000 after acquiring an additional 403,938 shares during the last quarter. 16.93% of the stock is owned by institutional investors.

Ardagh Metal Packaging Stock Performance

Shares of NYSE AMBP traded down $0.05 during trading hours on Monday, hitting $4.53. The stock had a trading volume of 955,133 shares, compared to its average volume of 1,611,063. The firm's 50-day moving average price is $4.18 and its two-hundred day moving average price is $3.35. Ardagh Metal Packaging S.A. has a 52 week low of $2.50 and a 52 week high of $4.78. The company has a market capitalization of $2.70 billion, a P/E ratio of -113.13, a P/E/G ratio of 1.10 and a beta of 0.56.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. Ardagh Metal Packaging had a negative return on equity of 112.58% and a net margin of 0.08%. The company had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter in the prior year, the business earned $0.01 earnings per share. The business's revenue for the quarter was up 11.1% on a year-over-year basis. As a group, analysts expect that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were paid a $0.10 dividend. The ex-dividend date was Monday, May 5th. This represents a $0.40 dividend on an annualized basis and a yield of 8.84%. Ardagh Metal Packaging's dividend payout ratio is -1,000.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AMBP shares. Wells Fargo & Company upped 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 report on Friday. UBS Group boosted their price objective 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. Morgan Stanley upped their price objective on shares of Ardagh Metal Packaging from $3.50 to $4.10 and gave the company an "equal weight" rating in a report on Wednesday, June 25th. Finally, Citigroup boosted their target price 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Ardagh Metal Packaging has a consensus rating of "Hold" and a consensus target price of $4.52.

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.