Mountaineer Partners Management LLC Buys Shares of 1,057,720 Ardagh Metal Packaging S.A. (NYSE:AMBP)

Mountaineer Partners Management LLC purchased a new stake in Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,057,720 shares of the company's stock, valued at approximately $3,184,000. Ardagh Metal Packaging accounts for about 2.3% of Mountaineer Partners Management LLC's investment portfolio, making the stock its 16th largest position. Mountaineer Partners Management LLC owned approximately 0.18% of Ardagh Metal Packaging as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC bought a new position in Ardagh Metal Packaging during the 4th quarter worth approximately $30,000. Tower Research Capital LLC TRC boosted its stake in Ardagh Metal Packaging by 292.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,975 shares of the company's stock worth $33,000 after acquiring an additional 8,180 shares during the last quarter. Xponance Inc. bought a new position in Ardagh Metal Packaging during the 4th quarter worth approximately $41,000. Cibc World Markets Corp bought a new position in Ardagh Metal Packaging during the 4th quarter worth approximately $41,000. Finally, Aigen Investment Management LP bought a new position in Ardagh Metal Packaging in the fourth quarter valued at approximately $42,000. 16.93% of the stock is owned by institutional investors.

Ardagh Metal Packaging Price Performance

AMBP traded up $0.10 during trading on Friday, reaching $3.87. The company had a trading volume of 2,976,880 shares, compared to its average volume of 1,588,533. Ardagh Metal Packaging S.A. has a 12 month low of $2.50 and a 12 month high of $4.26. The business's fifty day moving average price is $3.12 and its 200 day moving average price is $3.10. The company has a market cap of $2.32 billion, a P/E ratio of -32.28, a PEG ratio of 0.54 and a beta of 0.51.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the company earned $0.01 earnings per share. The company's quarterly revenue was up 11.1% on a year-over-year basis. As a group, sell-side analysts predict that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.40 annualized dividend and a yield of 10.33%. Ardagh Metal Packaging's dividend payout ratio is -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.