CenterBook Partners LP Increases Holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP)

CenterBook Partners LP grew its stake in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 161.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,370,730 shares of the company's stock after acquiring an additional 1,462,548 shares during the period. CenterBook Partners LP owned 0.40% of Ardagh Metal Packaging worth $7,136,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Boston Partners bought a new stake in shares of Ardagh Metal Packaging during the 4th quarter valued at $592,000. JPMorgan Chase & Co. lifted its holdings 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 buying an additional 130,264 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Ardagh Metal Packaging by 36,067.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 134,183 shares of the company's stock valued at $399,000 after acquiring an additional 133,812 shares during the period. Counterpoint Mutual Funds LLC purchased a new position in Ardagh Metal Packaging during the fourth quarter valued at approximately $286,000. Finally, HighTower Advisors LLC increased its holdings in 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 acquiring an additional 16,786 shares during the period. 16.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on AMBP. Citigroup cut their price target on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Wells Fargo & Company restated an "equal weight" rating and set a $3.35 price target (down previously from $3.60) on shares of Ardagh Metal Packaging in a research report on Thursday, January 16th. Morgan Stanley upgraded Ardagh Metal Packaging from an "underweight" rating to an "equal weight" rating and cut their price objective for the stock from $3.60 to $3.10 in a report on Monday, January 13th. Finally, UBS Group decreased their price objective on Ardagh Metal Packaging from $4.25 to $2.75 and set a "neutral" rating on the stock in a report on Friday, January 10th. One research 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $3.44.

Ardagh Metal Packaging Price Performance

NYSE AMBP traded up $0.04 during trading on Monday, hitting $2.76. 423,638 shares of the company's stock traded hands, compared to its average volume of 1,490,046. The stock has a fifty day moving average of $2.80 and a two-hundred day moving average of $3.18. Ardagh Metal Packaging S.A. has a 12-month low of $2.50 and a 12-month high of $4.26. The firm has a market cap of $1.65 billion, a P/E ratio of -23.00, a PEG 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 for the quarter, beating the consensus estimate of $0.02 by $0.01. The company had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.14 billion. Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%. As a group, analysts expect that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.40 annualized dividend and a yield of 14.49%. Ardagh Metal Packaging's payout ratio is currently -800.00%.

Ardagh Metal Packaging 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.