Arrowstreet Capital Limited Partnership Purchases 97,172 Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP)

Arrowstreet Capital Limited Partnership lifted its stake in Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 31.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 402,722 shares of the company's stock after acquiring an additional 97,172 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.07% of Ardagh Metal Packaging worth $1,212,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. HighTower Advisors LLC raised its stake in shares of Ardagh Metal Packaging by 106.7% during the 3rd quarter. HighTower Advisors LLC now owns 32,524 shares of the company's stock worth $122,000 after purchasing an additional 16,786 shares in the last quarter. EP Wealth Advisors LLC increased its holdings in Ardagh Metal Packaging by 99.0% during the third quarter. EP Wealth Advisors LLC now owns 49,916 shares of the company's stock worth $188,000 after buying an additional 24,832 shares during the last quarter. XTX Topco Ltd bought a new stake in Ardagh Metal Packaging during the third quarter worth $389,000. Geode Capital Management LLC lifted its stake in 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 valued at $6,729,000 after acquiring an additional 11,963 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Ardagh Metal Packaging by 195.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 196,979 shares of the company's stock valued at $743,000 after purchasing an additional 130,264 shares during the period. 16.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AMBP. Wells Fargo & Company reissued an "equal weight" rating and issued a $3.35 price objective (down from $3.60) on shares of Ardagh Metal Packaging in a research report on Thursday, January 16th. UBS Group lowered their price target on shares of Ardagh Metal Packaging from $4.25 to $2.75 and set a "neutral" rating on the stock in a report on Friday, January 10th. Citigroup decreased their price objective on Ardagh Metal Packaging from $4.50 to $4.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Finally, Morgan Stanley upgraded Ardagh Metal Packaging from an "underweight" rating to an "equal weight" rating and cut their price target for the company from $3.60 to $3.10 in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, Ardagh Metal Packaging currently has an average rating of "Hold" and an average target price of $3.44.

Ardagh Metal Packaging Price Performance

Shares of AMBP traded up $0.01 during trading hours on Thursday, hitting $2.65. The stock had a trading volume of 155,927 shares, compared to its average volume of 1,468,877. The firm has a 50 day simple moving average of $2.81 and a 200-day simple moving average of $3.17. Ardagh Metal Packaging S.A. has a 1-year low of $2.50 and a 1-year high of $4.26. The firm has a market capitalization of $1.58 billion, a P/E ratio of -22.04, a price-to-earnings-growth ratio of 0.54 and a beta of 0.54.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%. The company had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.14 billion. 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 declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.40 dividend on an annualized basis and a yield of 15.12%. Ardagh Metal Packaging's dividend payout ratio (DPR) is currently -800.00%.

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.