Anchorage Capital Group L.L.C. Sells 1,250,000 Shares of Ardagh Metal Packaging S.A. $AMBP

Anchorage Capital Group L.L.C. lowered its stake in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 50.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,245,385 shares of the company’s stock after selling 1,250,000 shares during the quarter. Ardagh Metal Packaging comprises about 4.3% of Anchorage Capital Group L.L.C.’s holdings, making the stock its 3rd largest position. Anchorage Capital Group L.L.C.’s holdings in Ardagh Metal Packaging were worth $5,004,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Investment Advisory Services LLC purchased a new position in Ardagh Metal Packaging in the 3rd quarter worth approximately $40,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Ardagh Metal Packaging during the first quarter worth $43,000. Capula Management Ltd purchased a new stake in Ardagh Metal Packaging during the 2nd quarter worth $45,000. Guardian Capital LP purchased a new stake in shares of Ardagh Metal Packaging during the third quarter worth about $46,000. Finally, Captrust Financial Advisors purchased a new stake in Ardagh Metal Packaging during the 2nd quarter worth approximately $47,000. 16.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on AMBP shares. Weiss Ratings reissued a “hold (c)” rating on shares of Ardagh Metal Packaging in a report on Wednesday, January 21st. Truist Financial boosted their price objective on Ardagh Metal Packaging from $4.00 to $5.00 and gave the company a “hold” rating in a report on Tuesday, January 6th. Morgan Stanley set a $4.30 target price on Ardagh Metal Packaging in a report on Thursday, January 8th. Wells Fargo & Company lifted their target price on Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Friday, February 27th. Finally, UBS Group boosted their price target on Ardagh Metal Packaging from $4.00 to $4.25 and gave the company a “neutral” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Ardagh Metal Packaging presently has an average rating of “Hold” and a consensus price target of $4.71.

Ardagh Metal Packaging Stock Performance

Ardagh Metal Packaging stock opened at $4.10 on Friday. Ardagh Metal Packaging S.A. has a 1 year low of $2.53 and a 1 year high of $5.03. The firm’s 50-day moving average is $4.53 and its 200-day moving average is $4.04. The company has a market cap of $2.45 billion, a P/E ratio of -409.50, a PEG ratio of 1.01 and a beta of 0.54.

Ardagh Metal Packaging (NYSE:AMBP) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Ardagh Metal Packaging had a net margin of 0.20% and a negative return on equity of 37.42%. The company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.03 earnings per share. As a group, sell-side analysts predict that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.40 annualized dividend and a dividend yield of 9.8%. Ardagh Metal Packaging’s dividend payout ratio is -4,000.00%.

Ardagh Metal Packaging Company Profile

Ardagh Metal Packaging (NYSE: AMBP) is a global supplier of metal packaging solutions, specializing in the production of steel and aluminum beverage cans, food cans and ends. As a segment of the Ardagh Group, the company supports a broad range of food and beverage customers, including soft drink and craft beer producers, as well as food manufacturers requiring durable, recyclable packaging. Its product portfolio encompasses two‐piece and three‐piece cans, a variety of can ends and closures, and value‐added services such as custom lithography and decorating.

The company operates a network of manufacturing plants across North America and Europe, serving both regional and multinational clients.