JPMorgan Chase & Co. Boosts Position in Ardagh Metal Packaging S.A. (NYSE:AMBP)

JPMorgan Chase & Co. boosted its position in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 195.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 196,979 shares of the company's stock after buying an additional 130,264 shares during the quarter. JPMorgan Chase & Co.'s holdings in Ardagh Metal Packaging were worth $743,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Citigroup Inc. increased its stake in shares of Ardagh Metal Packaging by 15,834.1% during the third quarter. Citigroup Inc. now owns 5,104,806 shares of the company's stock valued at $19,245,000 after buying an additional 5,072,769 shares during the period. Squarepoint Ops LLC increased its position in Ardagh Metal Packaging by 523.8% during the 2nd quarter. Squarepoint Ops LLC now owns 2,914,124 shares of the company's stock valued at $10,568,000 after purchasing an additional 2,446,997 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in Ardagh Metal Packaging by 37.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,778,166 shares of the company's stock worth $6,704,000 after purchasing an additional 489,146 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Ardagh Metal Packaging by 422.4% in the 2nd quarter. AQR Capital Management LLC now owns 319,165 shares of the company's stock worth $1,085,000 after purchasing an additional 258,067 shares during the period. Finally, Point72 Asset Management L.P. boosted its stake in shares of Ardagh Metal Packaging by 99.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 284,375 shares of the company's stock valued at $1,072,000 after purchasing an additional 141,850 shares in the last quarter. Hedge funds and other institutional investors own 16.93% of the company's stock.

Wall Street Analysts Forecast Growth

AMBP has been the subject of a number of research reports. Wells Fargo & Company reissued 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, January 16th. UBS Group decreased their target price on 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 upgraded 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, January 13th. Citigroup reduced their price target on 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. Finally, Bank of America lowered Ardagh Metal Packaging from a "buy" rating to an "underperform" rating and lowered their price objective for the company from $4.90 to $4.00 in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Ardagh Metal Packaging has a consensus rating of "Hold" and a consensus price target of $3.37.

Ardagh Metal Packaging Trading Up 1.1 %

Ardagh Metal Packaging stock traded up $0.03 during mid-day trading on Monday, hitting $2.82. The company had a trading volume of 906,962 shares, compared to its average volume of 1,353,923. Ardagh Metal Packaging S.A. has a 12 month low of $2.66 and a 12 month high of $4.26. The stock's 50 day moving average price is $3.16 and its two-hundred day moving average price is $3.47. The company has a market capitalization of $1.69 billion, a PE ratio of -23.50, a price-to-earnings-growth ratio of 0.55 and a beta of 0.65.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.01. The company had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.34 billion. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. Ardagh Metal Packaging's revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 EPS. Equities research analysts anticipate that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current year.

About Ardagh Metal Packaging

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.