Ardagh Metal Packaging S.A. (NYSE:AMBP) is Anchorage Capital Group L.L.C.'s 6th Largest Position

Anchorage Capital Group L.L.C. decreased its position in Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 50.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,245,385 shares of the company's stock after selling 1,250,000 shares during the period. Ardagh Metal Packaging makes up about 1.2% of Anchorage Capital Group L.L.C.'s portfolio, making the stock its 6th biggest holding. Anchorage Capital Group L.L.C. owned about 0.21% of Ardagh Metal Packaging worth $4,764,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Citigroup Inc. raised its stake in shares of Ardagh Metal Packaging by 15,834.1% during the 3rd quarter. Citigroup Inc. now owns 5,104,806 shares of the company's stock valued at $19,245,000 after buying an additional 5,072,769 shares during the last quarter. King Street Capital Management L.P. purchased a new position in Ardagh Metal Packaging in the 2nd quarter worth approximately $14,790,000. Squarepoint Ops LLC lifted its stake in Ardagh Metal Packaging by 523.8% in the 2nd quarter. Squarepoint Ops LLC now owns 2,914,124 shares of the company's stock worth $10,568,000 after purchasing an additional 2,446,997 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Ardagh Metal Packaging by 48.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,325,132 shares of the company's stock valued at $4,505,000 after buying an additional 433,700 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of Ardagh Metal Packaging by 422.4% during the 2nd quarter. AQR Capital Management LLC now owns 319,165 shares of the company's stock valued at $1,085,000 after buying an additional 258,067 shares during the period. Hedge funds and other institutional investors own 16.93% of the company's stock.

Ardagh Metal Packaging Trading Down 0.3 %

Shares of AMBP stock opened at $3.69 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.88 and a debt-to-equity ratio of 124.21. The firm has a fifty day moving average price of $3.76 and a 200 day moving average price of $3.68. Ardagh Metal Packaging S.A. has a 12 month low of $3.16 and a 12 month high of $4.26.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last issued its earnings results on Thursday, October 24th. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.01. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.34 billion. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. The company's revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 earnings per share. As a group, sell-side analysts expect that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.84%. Ardagh Metal Packaging's payout ratio is currently -333.31%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on AMBP shares. Bank of America raised Ardagh Metal Packaging from an "underperform" rating to a "buy" rating and boosted their target price for the company from $3.80 to $5.10 in a research report on Thursday, October 17th. Citigroup boosted their price target on shares of Ardagh Metal Packaging from $4.00 to $4.50 and gave the stock a "buy" rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company upgraded shares of Ardagh Metal Packaging from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $4.25 to $5.00 in a research note on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Ardagh Metal Packaging currently has an average rating of "Hold" and a consensus target price of $4.08.

About Ardagh Metal Packaging

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.