Squarepoint Ops LLC Acquires 2,446,997 Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP)

Squarepoint Ops LLC increased its holdings in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 523.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,914,124 shares of the company's stock after buying an additional 2,446,997 shares during the quarter. Squarepoint Ops LLC owned 0.49% of Ardagh Metal Packaging worth $10,568,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Catalina Capital Group LLC acquired a new position in shares of Ardagh Metal Packaging during the first quarter worth $42,000. Principal Financial Group Inc. raised its position in Ardagh Metal Packaging by 34.5% in the second quarter. Principal Financial Group Inc. now owns 19,521 shares of the company's stock valued at $66,000 after purchasing an additional 5,009 shares during the last quarter. Gries Financial LLC bought a new position in Ardagh Metal Packaging in the second quarter valued at about $77,000. Quadrature Capital Ltd acquired a new stake in shares of Ardagh Metal Packaging during the first quarter valued at about $91,000. Finally, Sanders Morris Harris LLC bought a new stake in shares of Ardagh Metal Packaging during the first quarter worth about $98,000. 16.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Ardagh Metal Packaging Trading Up 0.5 %

Shares of NYSE:AMBP traded up $0.02 during trading on Friday, reaching $3.74. The stock had a trading volume of 1,159,373 shares, compared to its average volume of 1,348,682. Ardagh Metal Packaging S.A. has a 52 week low of $2.57 and a 52 week high of $4.17. The company has a debt-to-equity ratio of 124.21, a quick ratio of 0.66 and a current ratio of 0.95. The firm's fifty day moving average is $3.54 and its 200 day moving average is $3.62. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of -26.71, a P/E/G ratio of 0.78 and a beta of 0.61.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.06 earnings per share for the quarter, topping 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 positive return on equity of 114.77% and a negative net margin of 1.02%. The business's revenue was up .3% compared to the same quarter last year. During the same period last year, the business posted $0.04 EPS. As a group, equities analysts forecast that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 10.70%. The ex-dividend date of this dividend was Thursday, September 12th. Ardagh Metal Packaging's dividend payout ratio (DPR) is presently -285.71%.

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.