Ardagh Metal Packaging S.A. (NYSE:AMBP) Short Interest Down 17.8% in March

Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 4,300,000 shares, a decrease of 17.8% from the March 15th total of 5,230,000 shares. Approximately 3.1% of the shares of the stock are short sold. Based on an average daily volume of 1,610,000 shares, the days-to-cover ratio is presently 2.7 days.

Ardagh Metal Packaging Price Performance

Shares of AMBP stock traded up $0.84 on Thursday, hitting $3.60. The stock had a trading volume of 10,760,705 shares, compared to its average volume of 1,510,217. The firm has a market capitalization of $2.15 billion, a P/E ratio of -30.00, a P/E/G ratio of 0.54 and a beta of 0.54. Ardagh Metal Packaging has a 1 year low of $2.50 and a 1 year high of $4.26. The company's 50 day moving average price is $2.83 and its 200-day moving average price is $3.13.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.02 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.01. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. On average, equities analysts forecast that Ardagh Metal Packaging will post 0.16 EPS for the current year.

Ardagh Metal Packaging Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 11.11%. Ardagh Metal Packaging's dividend payout ratio is presently -800.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Morgan Stanley raised shares of Ardagh Metal Packaging from an "underweight" rating to an "equal weight" rating and decreased their price target for the stock from $3.60 to $3.10 in a research note on Monday, January 13th. 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 report on Thursday, January 16th. UBS Group cut their price target on Ardagh Metal Packaging from $4.25 to $2.75 and set a "neutral" rating for the company in a report on Friday, January 10th. Finally, Citigroup dropped their target price 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $3.44.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC acquired a new position in shares of Ardagh Metal Packaging during the fourth quarter worth about $30,000. Tower Research Capital LLC TRC raised its position in shares of Ardagh Metal Packaging by 292.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,975 shares of the company's stock worth $33,000 after purchasing an additional 8,180 shares during the last quarter. Cibc World Markets Corp purchased a new stake in Ardagh Metal Packaging during the 4th quarter worth about $41,000. Xponance Inc. acquired a new position in shares of Ardagh Metal Packaging in the fourth quarter valued at approximately $41,000. Finally, Aigen Investment Management LP acquired a new position in Ardagh Metal Packaging in the fourth quarter valued at $42,000. 16.93% of the stock is owned by hedge funds and other institutional investors.

Ardagh Metal Packaging Company 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.