Janney Montgomery Scott LLC Sells 90,943 Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP)

Janney Montgomery Scott LLC decreased its stake in Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 14.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 550,925 shares of the company's stock after selling 90,943 shares during the period. Janney Montgomery Scott LLC owned approximately 0.09% of Ardagh Metal Packaging worth $1,658,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Ballentine Partners LLC bought a new stake in shares of Ardagh Metal Packaging during the third quarter valued at approximately $42,000. Quarry LP bought a new stake in Ardagh Metal Packaging in the 2nd quarter valued at $45,000. nVerses Capital LLC raised its stake in shares of Ardagh Metal Packaging by 70.4% in the 3rd quarter. nVerses Capital LLC now owns 12,100 shares of the company's stock valued at $46,000 after buying an additional 5,000 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Ardagh Metal Packaging by 23.1% during the 3rd quarter. Signaturefd LLC now owns 18,739 shares of the company's stock worth $71,000 after acquiring an additional 3,515 shares during the period. Finally, HighTower Advisors LLC increased its stake in Ardagh Metal Packaging by 106.7% in the third quarter. HighTower Advisors LLC now owns 32,524 shares of the company's stock valued at $122,000 after acquiring an additional 16,786 shares during the period. Institutional investors own 16.93% of the company's stock.

Ardagh Metal Packaging Price Performance

Shares of AMBP stock traded down $0.09 during trading hours on Thursday, hitting $2.62. 1,267,681 shares of the company's stock were exchanged, compared to its average volume of 1,219,334. Ardagh Metal Packaging S.A. has a 52 week low of $2.61 and a 52 week high of $4.26. The stock's 50-day moving average is $3.01 and its 200-day moving average is $3.42. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of -21.79, a price-to-earnings-growth ratio of 0.54 and a beta of 0.64.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. UBS Group dropped their price target on shares of Ardagh Metal Packaging from $4.25 to $2.75 and set a "neutral" rating for the company in a research report on Friday, January 10th. Morgan Stanley raised Ardagh Metal Packaging from an "underweight" rating to an "equal weight" rating and dropped their target price for the stock from $3.60 to $3.10 in a report on Monday, January 13th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $3.35 price target (down previously from $3.60) on shares of Ardagh Metal Packaging in a research note on Thursday, January 16th. Bank of America cut Ardagh Metal Packaging from a "buy" rating to an "underperform" rating and cut their price objective for the company from $4.90 to $4.00 in a report on Wednesday, December 11th. Finally, Citigroup reduced their target price on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Ardagh Metal Packaging currently has an average rating of "Hold" and an average price target of $3.37.

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.