Ardagh Metal Packaging S.A. (NYSE:AMBP) Short Interest Update

Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 5,180,000 shares, a growth of 108.9% from the December 15th total of 2,480,000 shares. Based on an average daily trading volume, of 1,480,000 shares, the days-to-cover ratio is currently 3.5 days. Approximately 3.8% of the shares of the company are short sold.

Ardagh Metal Packaging Trading Down 1.5 %

NYSE AMBP traded down $0.04 on Thursday, hitting $2.80. 1,688,223 shares of the company traded hands, compared to its average volume of 1,663,071. The business's 50 day moving average price is $3.30 and its 200-day moving average price is $3.51. Ardagh Metal Packaging has a 52-week low of $2.66 and a 52-week high of $4.26. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of -23.30, a P/E/G ratio of 0.50 and a beta of 0.65.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.01. The firm had revenue of $1.31 billion for 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 business's quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.06 EPS. As a group, sell-side analysts predict that Ardagh Metal Packaging will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 14.31%. Ardagh Metal Packaging's payout ratio is currently -333.31%.

Analysts Set New Price Targets

Several equities analysts have issued reports on AMBP shares. Morgan Stanley upgraded shares of Ardagh Metal Packaging from an "underweight" rating to an "equal weight" rating and lowered their target price for the company from $3.60 to $3.10 in a research note on Monday. UBS Group lowered 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 report on Friday, January 10th. Citigroup cut their target price on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Bank of America cut Ardagh Metal Packaging from a "buy" rating to an "underperform" rating and lowered their price target for the company from $4.90 to $4.00 in a report on Wednesday, December 11th. Finally, Wells Fargo & Company restated an "equal weight" rating and issued a $3.35 price target (down from $3.60) on shares of Ardagh Metal Packaging in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $3.37.

Institutional Trading of Ardagh Metal Packaging

A number of hedge funds and other institutional investors have recently modified their holdings of the company. CWA Asset Management Group LLC boosted its holdings in Ardagh Metal Packaging by 19.7% in the 4th quarter. CWA Asset Management Group LLC now owns 105,699 shares of the company's stock worth $318,000 after buying an additional 17,427 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Ardagh Metal Packaging by 195.3% in the third quarter. JPMorgan Chase & Co. now owns 196,979 shares of the company's stock worth $743,000 after acquiring an additional 130,264 shares during the period. Geode Capital Management LLC boosted its stake in shares of Ardagh Metal Packaging by 0.7% in the third quarter. Geode Capital Management LLC now owns 1,784,882 shares of the company's stock worth $6,729,000 after acquiring an additional 11,963 shares during the period. XTX Topco Ltd purchased a new stake in shares of Ardagh Metal Packaging during the third quarter worth about $389,000. Finally, EP Wealth Advisors LLC raised its stake in Ardagh Metal Packaging by 99.0% during the 3rd quarter. EP Wealth Advisors LLC now owns 49,916 shares of the company's stock valued at $188,000 after purchasing an additional 24,832 shares during the period. 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.

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