Ardagh Metal Packaging S.A. (NYSE:AMBP) Stock Holdings Boosted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its stake in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 36,067.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 134,183 shares of the company's stock after acquiring an additional 133,812 shares during the period. Allspring Global Investments Holdings LLC's holdings in Ardagh Metal Packaging were worth $399,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMBP. Principle Wealth Partners LLC boosted its stake in shares of Ardagh Metal Packaging by 13.3% during the 4th quarter. Principle Wealth Partners LLC now owns 56,987 shares of the company's stock worth $172,000 after purchasing an additional 6,672 shares during the last quarter. Clarity Financial LLC lifted its stake in shares of Ardagh Metal Packaging by 318.0% during the fourth quarter. Clarity Financial LLC now owns 52,244 shares of the company's stock valued at $157,000 after buying an additional 39,744 shares during the period. PFG Investments LLC boosted its position in Ardagh Metal Packaging by 21.9% during the fourth quarter. PFG Investments LLC now owns 55,631 shares of the company's stock worth $167,000 after acquiring an additional 9,997 shares during the last quarter. SG Americas Securities LLC grew its stake in Ardagh Metal Packaging by 44.5% in the 4th quarter. SG Americas Securities LLC now owns 73,250 shares of the company's stock worth $220,000 after acquiring an additional 22,574 shares during the period. Finally, Dakota Wealth Management raised 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 acquiring an additional 4,030 shares during the last quarter. Hedge funds and other institutional investors own 16.93% of the company's stock.

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Ardagh Metal Packaging Stock Performance

Shares of NYSE AMBP traded down $0.31 during midday trading on Friday, hitting $2.86. The company's stock had a trading volume of 5,559,909 shares, compared to its average volume of 1,515,658. Ardagh Metal Packaging S.A. has a 1-year low of $2.50 and a 1-year high of $4.26. The firm's fifty day moving average price is $2.80 and its 200-day moving average price is $3.34. The firm has a market cap of $1.71 billion, a P/E ratio of -23.79, a P/E/G ratio of 0.54 and a beta of 0.64.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%. The company had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.14 billion. As a group, research analysts predict that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 14.01%. The ex-dividend date is Thursday, March 13th. Ardagh Metal Packaging's dividend payout ratio (DPR) is -333.33%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AMBP shares. UBS Group decreased their price objective on Ardagh Metal Packaging from $4.25 to $2.75 and set a "neutral" rating on the stock in a report on Friday, January 10th. Bank of America downgraded shares of Ardagh Metal Packaging from a "buy" rating to an "underperform" rating and cut their price target for the stock from $4.90 to $4.00 in a research note on Wednesday, December 11th. Wells Fargo & Company reissued an "equal weight" rating and set a $3.35 price objective (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 dropped their price objective for the stock from $3.60 to $3.10 in a report on Monday, January 13th. Finally, Citigroup reduced their target price on Ardagh Metal Packaging from $4.50 to $4.00 and set a "buy" rating on the stock in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock 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.