Nordwand Advisors LLC Trims Stock Holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP)

Nordwand Advisors LLC trimmed its stake in Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 18.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 728,987 shares of the company's stock after selling 167,206 shares during the quarter. Ardagh Metal Packaging makes up about 0.7% of Nordwand Advisors LLC's portfolio, making the stock its 8th biggest holding. Nordwand Advisors LLC owned 0.12% of Ardagh Metal Packaging worth $2,748,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of AMBP. CWA Asset Management Group LLC acquired a new stake in shares of Ardagh Metal Packaging in the third quarter valued at approximately $333,000. Janney Montgomery Scott LLC lifted its position in shares of Ardagh Metal Packaging by 0.5% in the third quarter. Janney Montgomery Scott LLC now owns 641,868 shares of the company's stock valued at $2,420,000 after buying an additional 3,290 shares during the last quarter. US Bancorp DE lifted its position in shares of Ardagh Metal Packaging by 17.8% in the third quarter. US Bancorp DE now owns 39,978 shares of the company's stock valued at $151,000 after buying an additional 6,031 shares during the last quarter. PFG Investments LLC lifted its position in shares of Ardagh Metal Packaging by 15.4% in the third quarter. PFG Investments LLC now owns 45,634 shares of the company's stock valued at $172,000 after buying an additional 6,092 shares during the last quarter. Finally, Ballentine Partners LLC acquired a new stake in shares of Ardagh Metal Packaging in the third quarter valued at approximately $42,000. 16.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on AMBP. Bank of America raised Ardagh Metal Packaging from an "underperform" rating to a "buy" rating and lifted their price target for the stock from $3.80 to $5.10 in a report on Thursday, October 17th. Citigroup lifted their price target on Ardagh Metal Packaging from $4.00 to $4.50 and gave the stock a "buy" rating in a report on Wednesday, October 2nd. Wells Fargo & Company raised Ardagh Metal Packaging from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $4.25 to $5.00 in a report on Tuesday, October 15th. Finally, UBS Group cut Ardagh Metal Packaging from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $5.00 to $3.75 in a report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $4.08.

Ardagh Metal Packaging Price Performance

NYSE AMBP traded down $0.01 during midday trading on Friday, hitting $3.74. The company had a trading volume of 1,132,171 shares, compared to its average volume of 1,821,537. The company has a market capitalization of $2.23 billion, a PE ratio of -31.21, a P/E/G ratio of 0.91 and a beta of 0.62. The company has a current ratio of 1.17, a quick ratio of 0.88 and a debt-to-equity ratio of 124.21. The firm has a 50-day moving average price of $3.73 and a 200-day moving average price of $3.70. Ardagh Metal Packaging S.A. has a twelve month low of $3.16 and a twelve month high of $4.26.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 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 $1.31 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the company posted $0.06 EPS. The company's revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, analysts anticipate that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.40 annualized dividend and a dividend yield of 10.70%. Ardagh Metal Packaging's payout ratio is -333.31%.

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.