Ardagh Metal Packaging S.A. (NYSE:AMBP) is Anchorage Capital Group L.L.C.'s 6th Largest Position

Anchorage Capital Group L.L.C. lowered its position in Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 50.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,245,385 shares of the company's stock after selling 1,250,000 shares during the period. Ardagh Metal Packaging comprises approximately 1.3% of Anchorage Capital Group L.L.C.'s holdings, making the stock its 6th largest position. Anchorage Capital Group L.L.C. owned about 0.21% of Ardagh Metal Packaging worth $4,293,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. King Street Capital Management L.P. acquired a new stake in shares of Ardagh Metal Packaging during the 2nd quarter valued at approximately $14,790,000. Grizzlyrock Capital LLC purchased a new stake in Ardagh Metal Packaging during the fourth quarter worth $9,360,000. Brightline Capital Management LLC acquired a new stake in Ardagh Metal Packaging in the fourth quarter valued at $8,582,000. Gilman Hill Asset Management LLC increased its position in shares of Ardagh Metal Packaging by 1.3% in the second quarter. Gilman Hill Asset Management LLC now owns 1,805,704 shares of the company's stock valued at $6,139,000 after buying an additional 23,458 shares in the last quarter. Finally, Keeley Teton Advisors LLC raised its stake in shares of Ardagh Metal Packaging by 0.5% during the 1st quarter. Keeley Teton Advisors LLC now owns 1,695,498 shares of the company's stock worth $5,816,000 after buying an additional 8,433 shares during the last quarter. Institutional investors and hedge funds own 16.93% of the company's stock.

Ardagh Metal Packaging Trading Up 1.4 %

AMBP traded up $0.05 during midday trading on Tuesday, hitting $3.72. The company's stock had a trading volume of 1,070,554 shares, compared to its average volume of 1,355,605. Ardagh Metal Packaging S.A. has a 52-week low of $2.57 and a 52-week high of $4.17. The firm has a 50-day moving average price of $3.53 and a two-hundred day moving average price of $3.62. The company has a current ratio of 0.95, a quick ratio of 0.66 and a debt-to-equity ratio of 124.21. The firm has a market cap of $2.22 billion, a P/E ratio of -26.57, a PEG ratio of 0.75 and a beta of 0.61.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last released its earnings results on Thursday, July 25th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.32 billion. Ardagh Metal Packaging had a negative net margin of 1.02% and a positive return on equity of 114.77%. Ardagh Metal Packaging's revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.04 earnings per share. On average, research 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, September 26th. Shareholders of record on Thursday, September 12th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 10.75%. The ex-dividend date is Thursday, September 12th. Ardagh Metal Packaging's dividend payout ratio (DPR) is presently -285.71%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wells Fargo & Company increased their price objective on shares of Ardagh Metal Packaging from $3.95 to $4.25 and gave the company an "equal weight" rating in a research note on Friday, July 26th. Citigroup dropped their price objective 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, July 8th. Finally, UBS Group cut shares of Ardagh Metal Packaging from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $5.00 to $3.75 in a research note on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $3.67.

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.