Renaissance Technologies LLC Purchases 433,700 Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP)

Renaissance Technologies LLC lifted its holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 48.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,325,132 shares of the company's stock after buying an additional 433,700 shares during the quarter. Renaissance Technologies LLC owned about 0.22% of Ardagh Metal Packaging worth $4,505,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brightline Capital Management LLC bought a new stake in Ardagh Metal Packaging during the 4th quarter worth about $8,582,000. Grizzlyrock Capital LLC bought a new stake in Ardagh Metal Packaging during the 4th quarter worth about $9,360,000. Vanguard Group Inc. raised its holdings in Ardagh Metal Packaging by 11.1% during the 1st quarter. Vanguard Group Inc. now owns 1,065,659 shares of the company's stock worth $3,655,000 after purchasing an additional 106,206 shares during the last quarter. Gabelli Funds LLC grew its position in shares of Ardagh Metal Packaging by 12.0% during the 1st quarter. Gabelli Funds LLC now owns 112,000 shares of the company's stock worth $384,000 after buying an additional 12,000 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of Ardagh Metal Packaging by 42.9% during the 1st quarter. SG Americas Securities LLC now owns 103,840 shares of the company's stock worth $356,000 after buying an additional 31,156 shares during the period. 16.93% of the stock is owned by institutional investors.

Ardagh Metal Packaging Stock Up 0.5 %

Shares of Ardagh Metal Packaging stock traded up $0.02 on Friday, reaching $3.74. 1,159,373 shares of the company were exchanged, compared to its average volume of 1,348,682. Ardagh Metal Packaging S.A. has a one year low of $2.57 and a one year high of $4.17. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of -26.71, a PEG ratio of 0.78 and a beta of 0.61. 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 company has a 50-day moving average of $3.54 and a 200 day moving average of $3.62.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.01. Ardagh Metal Packaging had a positive return on equity of 114.77% and a negative net margin of 1.02%. The company had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter in the prior year, the business posted $0.04 EPS. The business's revenue was up .3% compared to the same quarter last year. On average, equities research analysts forecast that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 10.70%. The ex-dividend date was Thursday, September 12th. Ardagh Metal Packaging's dividend payout ratio (DPR) is presently -285.69%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Citigroup decreased their target price on Ardagh Metal Packaging from $4.50 to $4.00 and set a "buy" rating for the company in a research report on Monday, July 8th. Wells Fargo & Company boosted their target price on Ardagh Metal Packaging from $3.95 to $4.25 and gave the stock an "equal weight" rating in a research report on Friday, July 26th. Finally, UBS Group lowered Ardagh Metal Packaging from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $5.00 to $3.75 in a research report on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Ardagh Metal Packaging presently has an average rating of "Hold" and a consensus price target of $3.67.

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.