Nisa Investment Advisors LLC raised its stake in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 29,478.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,960 shares of the company's stock after buying an additional 65,737 shares during the quarter. 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 institutional investors and hedge funds have also modified their holdings of AMBP. Anchorage Capital Advisors L.P. purchased a new position in Ardagh Metal Packaging during the fourth quarter valued at $5,830,000. King Street Capital Management L.P. grew its stake in shares of 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. CenterBook Partners LP grew its stake in Ardagh Metal Packaging by 161.0% in the fourth quarter. CenterBook Partners LP now owns 2,370,730 shares of the company's stock worth $7,136,000 after purchasing an additional 1,462,548 shares in the last quarter. Mountaineer Partners Management LLC bought a new position in Ardagh Metal Packaging in the fourth quarter worth approximately $3,184,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Ardagh Metal Packaging by 205.1% during the 4th quarter. JPMorgan Chase & Co. now owns 600,917 shares of the company's stock valued at $1,809,000 after purchasing an additional 403,938 shares during the last quarter. Institutional investors own 16.93% of the company's stock.
Ardagh Metal Packaging Stock Performance
Shares of AMBP opened at $4.56 on Friday. The firm's 50 day moving average price is $4.16 and its two-hundred day moving average price is $3.33. The firm has a market cap of $2.72 billion, a P/E ratio of -113.93, a PEG ratio of 1.10 and a beta of 0.56. Ardagh Metal Packaging S.A. has a twelve month low of $2.50 and a twelve month high of $4.78.
Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. The business had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.17 billion. Ardagh Metal Packaging had a net margin of 0.08% and a negative return on equity of 112.58%. Ardagh Metal Packaging's revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.01 earnings per share. On average, sell-side analysts anticipate that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current fiscal 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 dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 8.78%. The ex-dividend date was Monday, May 5th. Ardagh Metal Packaging's payout ratio is -1,000.00%.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on AMBP. UBS Group raised their price target on shares of Ardagh Metal Packaging from $3.40 to $4.50 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. Morgan Stanley increased their target price on 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 upped 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $4.19.
Get Our Latest Stock Report on Ardagh Metal Packaging
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.
See Also
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