Two Sigma Advisers LP Cuts Holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP)

Two Sigma Advisers LP decreased its holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 31.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 621,722 shares of the company's stock after selling 285,778 shares during the period. Two Sigma Advisers LP owned 0.10% of Ardagh Metal Packaging worth $1,871,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AMBP. Shay Capital LLC bought a new stake in Ardagh Metal Packaging in the fourth quarter worth about $506,000. ProShare Advisors LLC lifted its stake in Ardagh Metal Packaging by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 40,696 shares of the company's stock worth $122,000 after purchasing an additional 13,390 shares during the last quarter. Mountaineer Partners Management LLC bought a new stake in Ardagh Metal Packaging in the fourth quarter worth about $3,184,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Ardagh Metal Packaging by 10.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,421,972 shares of the company's stock worth $10,300,000 after purchasing an additional 312,640 shares during the last quarter. Finally, Moore Capital Management LP lifted its stake in Ardagh Metal Packaging by 100.0% in the fourth quarter. Moore Capital Management LP now owns 100,000 shares of the company's stock worth $301,000 after purchasing an additional 50,000 shares during the last quarter. Institutional investors own 16.93% of the company's stock.

Ardagh Metal Packaging Stock Performance

NYSE AMBP traded up $0.01 during trading on Tuesday, hitting $3.89. The stock had a trading volume of 107,905 shares, compared to its average volume of 1,653,732. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of -32.41, a P/E/G ratio of 0.54 and a beta of 0.51. The stock has a 50 day simple moving average of $3.34 and a 200 day simple moving average of $3.11. Ardagh Metal Packaging S.A. has a one year low of $2.50 and a one year high of $4.26.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.02 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.01. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.17 billion. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. The company's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company posted $0.01 earnings per share. On average, sell-side analysts predict that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current year.

Ardagh Metal Packaging Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.28%. The ex-dividend date of this dividend was Monday, May 5th. Ardagh Metal Packaging's dividend payout ratio (DPR) 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.