Ardagh Metal Packaging S.A. (NYSE:AMBP) Short Interest Update

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

Ardagh Metal Packaging Stock Performance

NYSE:AMBP traded up $0.12 during trading hours on Thursday, hitting $3.66. 923,542 shares of the company's stock traded hands, compared to its average volume of 1,546,475. Ardagh Metal Packaging has a twelve month low of $2.50 and a twelve month high of $4.26. The firm has a market cap of $2.19 billion, a P/E ratio of -30.50, a P/E/G ratio of 0.54 and a beta of 0.51. The stock's fifty day moving average price is $2.99 and its two-hundred day moving average price is $3.12.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business 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 posted $0.01 EPS. Ardagh Metal Packaging's revenue was up 11.1% compared to the same quarter last year. On average, equities research analysts predict that Ardagh Metal Packaging will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 10.93%. The ex-dividend date of this dividend is Monday, May 5th. Ardagh Metal Packaging's dividend payout ratio is currently -1,000.00%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Ardagh Metal Packaging

Large investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its stake in Ardagh Metal Packaging by 2.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 137,503 shares of the company's stock valued at $415,000 after buying an additional 3,320 shares in the last quarter. Marshall Wace LLP raised its position in shares of Ardagh Metal Packaging by 2.4% in the fourth quarter. Marshall Wace LLP now owns 171,277 shares of the company's stock valued at $516,000 after buying an additional 3,970 shares in the last quarter. Dakota Wealth Management increased its holdings in Ardagh Metal Packaging by 2.8% in the 4th quarter. Dakota Wealth Management now owns 146,682 shares of the company's stock valued at $442,000 after buying an additional 4,030 shares during the period. EP Wealth Advisors LLC boosted its stake in Ardagh Metal Packaging by 9.5% in the fourth quarter. EP Wealth Advisors LLC now owns 54,647 shares of the company's stock valued at $164,000 after buying an additional 4,731 shares in the last quarter. Finally, Gabelli Funds LLC increased its holdings in shares of Ardagh Metal Packaging by 3.7% during the fourth quarter. Gabelli Funds LLC now owns 139,000 shares of the company's stock worth $418,000 after buying an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 16.93% of the company's stock.

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.