Short Interest in Ardagh Metal Packaging S.A. (NYSE:AMBP) Decreases By 14.9%

Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totalling 3,660,000 shares, a decline of 14.9% from the March 31st total of 4,300,000 shares. Currently, 2.7% of the company's stock are short sold. Based on an average trading volume of 1,760,000 shares, the short-interest ratio is presently 2.1 days.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Morgan Stanley upgraded Ardagh Metal Packaging from an "underweight" rating to an "equal weight" rating and reduced their price objective for the company from $3.60 to $3.10 in a research note on Monday, January 13th. UBS Group reduced their price target on Ardagh Metal Packaging from $4.25 to $2.75 and set a "neutral" rating on the stock in a research report on Friday, January 10th. Citigroup lowered their price objective on Ardagh Metal Packaging from $4.50 to $4.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $3.35 target price (down previously from $3.60) on shares of Ardagh Metal Packaging in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Ardagh Metal Packaging currently has an average rating of "Hold" and an average target price of $3.44.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AMBP. Geode Capital Management LLC grew its position in shares of Ardagh Metal Packaging by 0.7% during the third quarter. Geode Capital Management LLC now owns 1,784,882 shares of the company's stock worth $6,729,000 after acquiring an additional 11,963 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Ardagh Metal Packaging by 195.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 196,979 shares of the company's stock worth $743,000 after purchasing an additional 130,264 shares during the period. CWA Asset Management Group LLC grew its position in Ardagh Metal Packaging by 19.7% during the 4th quarter. CWA Asset Management Group LLC now owns 105,699 shares of the company's stock worth $318,000 after purchasing an additional 17,427 shares during the last quarter. Dakota Wealth Management increased its stake in Ardagh Metal Packaging by 2.8% in the fourth quarter. Dakota Wealth Management now owns 146,682 shares of the company's stock valued at $442,000 after purchasing an additional 4,030 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of Ardagh Metal Packaging by 44.5% in the fourth quarter. SG Americas Securities LLC now owns 73,250 shares of the company's stock valued at $220,000 after buying an additional 22,574 shares during the last quarter. Institutional investors and hedge funds own 16.93% of the company's stock.

Ardagh Metal Packaging Stock Down 1.6 %

Shares of Ardagh Metal Packaging stock opened at $3.65 on Friday. Ardagh Metal Packaging has a 52 week low of $2.50 and a 52 week high of $4.26. The firm's 50 day moving average is $2.95 and its two-hundred day moving average is $3.13. The firm has a market capitalization of $2.18 billion, a P/E ratio of -30.41, a P/E/G ratio of 0.54 and a beta of 0.54.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.02 EPS for the quarter, topping 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 analyst estimates of $1.17 billion. During the same period last year, the business earned $0.01 EPS. Ardagh Metal Packaging's revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, research analysts expect that Ardagh Metal Packaging will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be given a $0.10 dividend. The ex-dividend date is Monday, May 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.96%. Ardagh Metal Packaging's dividend payout ratio (DPR) is presently -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.

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