Ardagh Metal Packaging Sees Unusually Large Options Volume (NYSE:AMBP)

Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report) was the target of some unusual options trading activity on Tuesday. Investors acquired 5,017 call options on the company. This represents an increase of 1,217% compared to the average volume of 381 call options.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AMBP. BW Gestao de Investimentos Ltda. grew its position in Ardagh Metal Packaging by 771.2% during the 3rd quarter. BW Gestao de Investimentos Ltda. now owns 2,783,639 shares of the company's stock worth $8,713,000 after purchasing an additional 2,464,105 shares during the last quarter. Grizzlyrock Capital LLC purchased a new stake in shares of Ardagh Metal Packaging in the fourth quarter valued at about $9,360,000. Brightline Capital Management LLC purchased a new stake in shares of Ardagh Metal Packaging in the fourth quarter valued at about $8,582,000. ING Groep NV boosted its holdings in shares of Ardagh Metal Packaging by 548.0% in the fourth quarter. ING Groep NV now owns 1,756,000 shares of the company's stock valued at $6,743,000 after acquiring an additional 1,485,000 shares in the last quarter. Finally, Angeles Wealth Management LLC purchased a new stake in shares of Ardagh Metal Packaging in the fourth quarter valued at about $1,863,000. 16.93% of the stock is owned by hedge funds and other institutional investors.

Ardagh Metal Packaging Stock Performance

Ardagh Metal Packaging stock traded down $0.02 during midday trading on Tuesday, hitting $3.96. 1,138,167 shares of the company's stock were exchanged, compared to its average volume of 1,237,848. Ardagh Metal Packaging has a 12-month low of $2.57 and a 12-month high of $4.17. The company has a debt-to-equity ratio of 124.21, a quick ratio of 0.58 and a current ratio of 0.92. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of -28.25, a price-to-earnings-growth ratio of 0.84 and a beta of 0.75. The firm's 50 day simple moving average is $3.48 and its 200 day simple moving average is $3.59.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. Ardagh Metal Packaging had a negative net margin of 1.26% and a positive return on equity of 55.91%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the firm posted $0.01 EPS. Ardagh Metal Packaging's revenue for the quarter was up .9% on a year-over-year basis. Equities research analysts predict that Ardagh Metal Packaging will post 0.17 EPS for the current year.

Ardagh Metal Packaging Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 12th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 10.11%. The ex-dividend date is Wednesday, June 12th. Ardagh Metal Packaging's payout ratio is currently -285.69%.

Analyst Ratings Changes

AMBP has been the topic of a number of analyst reports. Wells Fargo & Company raised their price objective on shares of Ardagh Metal Packaging from $3.70 to $3.75 and gave the company an "equal weight" rating in a report on Thursday, April 11th. Barclays lowered shares of Ardagh Metal Packaging from an "overweight" rating to an "equal weight" rating and set a $4.00 price objective on the stock. in a report on Monday, January 8th. Morgan Stanley initiated coverage on shares of Ardagh Metal Packaging in a research report on Monday, March 18th. They issued an "underweight" rating and a $3.20 target price on the stock. UBS Group initiated coverage on shares of Ardagh Metal Packaging in a research report on Tuesday, January 16th. They issued a "buy" rating and a $5.00 target price on the stock. Finally, Bank of America downgraded shares of Ardagh Metal Packaging from a "neutral" rating to an "underperform" rating and dropped their target price for the company from $4.10 to $3.50 in a research report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $4.31.

About Ardagh Metal Packaging

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.