Bfsg LLC Increases Holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP)

Bfsg LLC raised its holdings in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 9.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 48,275 shares of the company’s stock after buying an additional 4,050 shares during the period. Bfsg LLC’s holdings in Ardagh Metal Packaging were worth $185,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AMBP. Newtyn Management LLC boosted its position in shares of Ardagh Metal Packaging by 2.7% during the 3rd quarter. Newtyn Management LLC now owns 7,188,138 shares of the company’s stock worth $22,499,000 after purchasing an additional 188,138 shares during the period. Private Management Group Inc. raised its position in shares of Ardagh Metal Packaging by 8.9% in the fourth quarter. Private Management Group Inc. now owns 5,633,286 shares of the company’s stock valued at $21,632,000 after buying an additional 461,967 shares during the last quarter. BW Gestao de Investimentos Ltda. increased its position in Ardagh Metal Packaging by 771.2% during the third 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. Gilman Hill Asset Management LLC boosted its stake in shares of Ardagh Metal Packaging by 7.0% in the fourth quarter. Gilman Hill Asset Management LLC now owns 1,760,835 shares of the company’s stock valued at $6,762,000 after purchasing an additional 115,415 shares during the period. Finally, Keeley Teton Advisors LLC boosted its stake in Ardagh Metal Packaging by 15.0% during the 3rd quarter. Keeley Teton Advisors LLC now owns 1,579,381 shares of the company’s stock valued at $4,943,000 after acquiring an additional 206,295 shares during the last quarter. 16.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on AMBP shares. Morgan Stanley initiated coverage on shares of Ardagh Metal Packaging in a research report on Monday, March 18th. They set an “underweight” rating and a $3.20 price target on the stock. Wells Fargo & Company lifted their target price on shares of Ardagh Metal Packaging from $3.70 to $3.75 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. Bank of America cut shares of Ardagh Metal Packaging from a “neutral” rating to an “underperform” rating and cut their target price for the company from $4.10 to $3.50 in a research note on Monday, April 1st. UBS Group began coverage on shares of Ardagh Metal Packaging in a report on Tuesday, January 16th. They issued a “buy” rating and a $5.00 price target on the stock. Finally, Truist Financial reiterated a “hold” rating and set a $3.00 price target (down previously from $4.00) on shares of Ardagh Metal Packaging in a research report on Monday, February 26th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $4.31.

Ardagh Metal Packaging Stock Performance

Shares of NYSE:AMBP traded up $0.22 on Thursday, reaching $3.95. 955,629 shares of the company’s stock were exchanged, compared to its average volume of 1,195,090. The company has a current ratio of 0.99, a quick ratio of 0.68 and a debt-to-equity ratio of 34.34. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of -32.92, a PEG ratio of 0.74 and a beta of 0.75. The company has a fifty day moving average of $3.47 and a 200-day moving average of $3.55. Ardagh Metal Packaging S.A. has a twelve month low of $2.57 and a twelve month high of $4.29.

Ardagh Metal Packaging (NYSE:AMBP) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). Ardagh Metal Packaging had a positive return on equity of 38.48% and a negative net margin of 1.04%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the business posted $0.05 EPS. The business’s revenue was up 5.2% on a year-over-year basis. On average, research analysts predict that Ardagh Metal Packaging S.A. will post 0.18 EPS for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 13th were given a $0.10 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $0.40 dividend on an annualized basis and a yield of 10.13%. Ardagh Metal Packaging’s dividend payout ratio is currently -333.33%.

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.