American Century Companies Inc. lessened its holdings in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 46.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,028 shares of the company's stock after selling 117,697 shares during the period. American Century Companies Inc.'s holdings in Ardagh Metal Packaging were worth $406,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC bought a new stake in shares of Ardagh Metal Packaging in the fourth quarter worth $30,000. Cibc World Markets Corp bought a new stake in Ardagh Metal Packaging during the fourth quarter worth about $41,000. Xponance Inc. bought a new stake in shares of Ardagh Metal Packaging during the 4th quarter worth approximately $41,000. Aigen Investment Management LP acquired a new stake in Ardagh Metal Packaging in the fourth quarter valued at $42,000. Finally, Fidelis Capital Partners LLC grew its holdings in Ardagh Metal Packaging by 52.9% during the fourth quarter. Fidelis Capital Partners LLC now owns 26,781 shares of the company's stock worth $81,000 after purchasing an additional 9,266 shares during the period. 16.93% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on AMBP. Morgan Stanley raised shares of Ardagh Metal Packaging from an "underweight" rating to an "equal weight" rating and dropped their price objective for the company from $3.60 to $3.10 in a research report on Monday, January 13th. UBS Group reduced 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. Citigroup decreased their price objective on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $3.35 target price (down previously from $3.60) on shares of Ardagh Metal Packaging in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $3.44.
Read Our Latest Stock Report on AMBP
Ardagh Metal Packaging Price Performance
Shares of Ardagh Metal Packaging stock traded down $0.01 during trading on Thursday, hitting $2.64. The company's stock had a trading volume of 146,693 shares, compared to its average volume of 1,468,783. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of -21.96, a price-to-earnings-growth ratio of 0.54 and a beta of 0.54. Ardagh Metal Packaging S.A. has a 52 week low of $2.50 and a 52 week high of $4.26. The stock has a 50-day moving average price of $2.81 and a two-hundred day moving average price of $3.17.
Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.14 billion. Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%. On average, equities analysts predict that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current fiscal year.
Ardagh Metal Packaging Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.40 annualized dividend and a dividend yield of 15.18%. Ardagh Metal Packaging's dividend payout ratio is currently -800.00%.
Ardagh Metal Packaging Company Profile
(
Free Report)
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.
Further Reading
Before you consider Ardagh Metal Packaging, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ardagh Metal Packaging wasn't on the list.
While Ardagh Metal Packaging currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
