Counterpoint Mutual Funds LLC Makes New Investment in Ardagh Metal Packaging S.A. (NYSE:AMBP)

Counterpoint Mutual Funds LLC acquired a new position in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 95,027 shares of the company's stock, valued at approximately $286,000.

A number of other institutional investors and hedge funds have also made changes to their positions in AMBP. Citigroup Inc. increased its holdings in Ardagh Metal Packaging by 15,834.1% in the 3rd quarter. Citigroup Inc. now owns 5,104,806 shares of the company's stock valued at $19,245,000 after purchasing an additional 5,072,769 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in Ardagh Metal Packaging by 37.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,778,166 shares of the company's stock valued at $6,704,000 after purchasing an additional 489,146 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in Ardagh Metal Packaging by 99.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 284,375 shares of the company's stock valued at $1,072,000 after purchasing an additional 141,850 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Ardagh Metal Packaging by 36,067.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 134,183 shares of the company's stock valued at $399,000 after purchasing an additional 133,812 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Ardagh Metal Packaging by 195.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 196,979 shares of the company's stock valued at $743,000 after purchasing an additional 130,264 shares in the last quarter. 16.93% of the stock is currently owned by institutional investors and hedge funds.

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Ardagh Metal Packaging Stock Down 3.1 %

Shares of Ardagh Metal Packaging stock traded down $0.09 during trading hours on Friday, hitting $2.89. 2,677,289 shares of the company's stock traded hands, compared to its average volume of 1,445,587. Ardagh Metal Packaging S.A. has a twelve month low of $2.50 and a twelve month high of $4.26. The stock has a 50 day simple moving average of $2.78 and a 200-day simple moving average of $3.27. The company has a market cap of $1.73 billion, a PE ratio of -24.06, a PEG ratio of 0.54 and a beta of 0.63.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 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 $1.20 billion for the quarter, compared to analysts' expectations of $1.14 billion. As a group, equities research analysts predict that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current year.

Ardagh Metal Packaging Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.40 annualized dividend and a dividend yield of 13.86%. Ardagh Metal Packaging's payout ratio is -800.00%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on AMBP shares. Citigroup lowered their price target on Ardagh Metal Packaging from $4.50 to $4.00 and set a "buy" rating for the company in a report on Monday, January 6th. Bank of America downgraded Ardagh Metal Packaging from a "buy" rating to an "underperform" rating and lowered their target price for the company from $4.90 to $4.00 in a research note on Wednesday, December 11th. Wells Fargo & Company restated an "equal weight" rating and set a $3.35 target price (down from $3.60) on shares of Ardagh Metal Packaging in a research note on Thursday, January 16th. Morgan Stanley upgraded Ardagh Metal Packaging from an "underweight" rating to an "equal weight" rating and lowered their target price for the company from $3.60 to $3.10 in a research note on Monday, January 13th. Finally, UBS Group lowered their target price on Ardagh Metal Packaging from $4.25 to $2.75 and set a "neutral" rating for the company in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, Ardagh Metal Packaging has an average rating of "Hold" and a consensus price target of $3.44.

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.