Ardagh Metal Packaging S.A. (NYSE:AMBP) Shares Bought by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lifted its holdings in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 37.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,778,166 shares of the company's stock after acquiring an additional 489,146 shares during the period. Jacobs Levy Equity Management Inc. owned 0.30% of Ardagh Metal Packaging worth $6,704,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. King Street Capital Management L.P. acquired a new stake in shares of Ardagh Metal Packaging during the second quarter worth $14,790,000. Vanguard Group Inc. lifted its holdings in shares of Ardagh Metal Packaging by 11.1% during the first quarter. Vanguard Group Inc. now owns 1,065,659 shares of the company's stock worth $3,655,000 after purchasing an additional 106,206 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Ardagh Metal Packaging by 48.7% during the second quarter. Renaissance Technologies LLC now owns 1,325,132 shares of the company's stock worth $4,505,000 after purchasing an additional 433,700 shares during the period. AQR Capital Management LLC lifted its holdings in Ardagh Metal Packaging by 422.4% in the second quarter. AQR Capital Management LLC now owns 319,165 shares of the company's stock valued at $1,085,000 after acquiring an additional 258,067 shares during the period. Finally, Signaturefd LLC lifted its holdings in Ardagh Metal Packaging by 23.1% in the third quarter. Signaturefd LLC now owns 18,739 shares of the company's stock valued at $71,000 after acquiring an additional 3,515 shares during the period. 16.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Ardagh Metal Packaging Price Performance

Shares of AMBP stock traded down $0.05 during mid-day trading on Friday, reaching $3.43. The stock had a trading volume of 888,355 shares, compared to its average volume of 1,358,162. The company has a market cap of $2.05 billion, a P/E ratio of -29.00, a price-to-earnings-growth ratio of 0.91 and a beta of 0.61. The business has a 50-day simple moving average of $3.76 and a 200 day simple moving average of $3.66. Ardagh Metal Packaging S.A. has a 12-month low of $3.16 and a 12-month high of $4.26. The company has a current ratio of 1.17, a quick ratio of 0.88 and a debt-to-equity ratio of 124.21.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $1.34 billion. Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%. The firm's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 EPS. On average, sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 11.66%. The ex-dividend date of this dividend is Thursday, December 5th. Ardagh Metal Packaging's dividend payout ratio is currently -333.33%.

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.