Ardagh Metal Packaging S.A. (NYSE:AMBP) Stock Position Decreased by Boundary Creek Advisors LP

Boundary Creek Advisors LP trimmed its position in Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 53.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,709,635 shares of the company's stock after selling 1,976,258 shares during the period. Ardagh Metal Packaging comprises about 0.3% of Boundary Creek Advisors LP's investment portfolio, making the stock its 12th largest position. Boundary Creek Advisors LP owned about 0.29% of Ardagh Metal Packaging worth $5,146,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AMBP. Xponance Inc. purchased a new position in shares of Ardagh Metal Packaging during the 4th quarter worth $41,000. Boston Partners purchased a new position in Ardagh Metal Packaging during the fourth quarter worth about $592,000. Intech Investment Management LLC boosted its stake in Ardagh Metal Packaging by 159.3% in the 4th quarter. Intech Investment Management LLC now owns 87,129 shares of the company's stock worth $262,000 after buying an additional 53,525 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in Ardagh Metal Packaging in the 4th quarter worth about $286,000. Finally, Cibc World Markets Corp purchased a new stake in Ardagh Metal Packaging in the 4th quarter valued at about $41,000. 16.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMBP has been the topic of several research analyst reports. UBS Group decreased their target price 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 dropped 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. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $3.35 price target (down from $3.60) on shares of Ardagh Metal Packaging in a research report on Thursday, January 16th. Morgan Stanley raised shares of Ardagh Metal Packaging from an "underweight" rating to an "equal weight" rating and dropped their price objective for the stock from $3.60 to $3.10 in a research report on Monday, January 13th. Finally, Bank of America lowered shares of Ardagh Metal Packaging from a "buy" rating to an "underperform" rating and reduced their target price for the company from $4.90 to $4.00 in a report on Wednesday, December 11th. 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's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $3.44.

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Ardagh Metal Packaging Trading Up 0.5 %

AMBP stock traded up $0.02 during mid-day trading on Monday, hitting $2.91. 797,789 shares of the company were exchanged, compared to its average volume of 1,439,980. The firm has a fifty day simple moving average of $2.78 and a 200 day simple moving average of $3.26. The company has a market capitalization of $1.74 billion, a PE ratio of -24.21, a price-to-earnings-growth ratio of 0.54 and a beta of 0.63. Ardagh Metal Packaging S.A. has a twelve month low of $2.50 and a twelve month high of $4.26.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.03 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 business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.14 billion. As a group, sell-side analysts anticipate that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 13.77%. The ex-dividend date of this dividend is Thursday, March 13th. Ardagh Metal Packaging's dividend payout ratio 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.