MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 312,640 Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 10.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,421,972 shares of the company's stock after buying an additional 312,640 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.57% of Ardagh Metal Packaging worth $10,300,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Anchorage Capital Advisors L.P. acquired a new position in Ardagh Metal Packaging during the 4th quarter worth approximately $5,830,000. King Street Capital Management L.P. boosted its holdings 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 worth $7,676,000 after purchasing an additional 1,550,000 shares during the last quarter. CenterBook Partners LP grew its position 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 valued at $7,136,000 after purchasing an additional 1,462,548 shares in the last quarter. JPMorgan Chase & Co. grew its position in Ardagh Metal Packaging by 205.1% in the fourth 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 in the last quarter. Finally, Diameter Capital Partners LP increased its stake in Ardagh Metal Packaging by 10.1% in the 4th quarter. Diameter Capital Partners LP now owns 4,374,121 shares of the company's stock valued at $13,166,000 after buying an additional 400,000 shares during the last quarter. Institutional investors and hedge funds own 16.93% of the company's stock.

Ardagh Metal Packaging Price Performance

NYSE:AMBP traded up $0.02 on Thursday, hitting $3.80. 608,881 shares of the company's stock were exchanged, compared to its average volume of 1,628,869. The firm has a 50-day moving average price of $3.19 and a 200-day moving average price of $3.11. Ardagh Metal Packaging S.A. has a 52 week low of $2.50 and a 52 week high of $4.26. The company has a market cap of $2.27 billion, a P/E ratio of -31.62, a price-to-earnings-growth ratio of 0.54 and a beta of 0.51.

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

Ardagh Metal Packaging Announces Dividend

The business 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.54%. The ex-dividend date of this dividend was Monday, May 5th. Ardagh Metal Packaging's dividend payout ratio is currently -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.