Ardagh Metal Packaging S.A. (NYSE:AMBP) Position Trimmed by Marshall Wace LLP

Marshall Wace LLP lowered its stake in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 38.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 679,889 shares of the company's stock after selling 423,462 shares during the quarter. Marshall Wace LLP owned about 0.11% of Ardagh Metal Packaging worth $2,312,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Catalina Capital Group LLC acquired a new position in Ardagh Metal Packaging in the first quarter valued at $42,000. Principal Financial Group Inc. lifted its stake in shares of Ardagh Metal Packaging by 34.5% in the 2nd 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 in the last quarter. Gries Financial LLC purchased a new stake in shares of Ardagh Metal Packaging during the 2nd quarter worth about $77,000. Quadrature Capital Ltd acquired a new stake in Ardagh Metal Packaging during the 1st quarter worth approximately $91,000. Finally, Sanders Morris Harris LLC purchased a new position in Ardagh Metal Packaging in the first quarter valued at approximately $98,000. 16.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AMBP. UBS Group lowered shares of Ardagh Metal Packaging from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $5.00 to $3.75 in a research report on Wednesday, July 17th. Citigroup upped their target price on Ardagh Metal Packaging from $4.00 to $4.50 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Wells Fargo & Company raised their target price 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 given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $3.74.

Ardagh Metal Packaging Stock Up 2.2 %

Shares of Ardagh Metal Packaging stock traded up $0.08 during trading hours on Friday, hitting $3.75. 1,231,903 shares of the company's stock traded hands, compared to its average volume of 1,339,250. Ardagh Metal Packaging S.A. has a twelve month low of $2.57 and a twelve month high of $4.17. The company has a market cap of $2.24 billion, a PE ratio of -26.79, a PEG ratio of 0.78 and a beta of 0.62. The company has a quick ratio of 0.66, a current ratio of 0.95 and a debt-to-equity ratio of 124.21. The stock has a 50 day simple moving average of $3.54 and a 200-day simple moving average of $3.63.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. The company had revenue of $1.26 billion for 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%. Ardagh Metal Packaging's revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 EPS. Equities research 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.40 dividend on an annualized basis and a yield of 10.67%. Ardagh Metal Packaging's dividend payout ratio (DPR) is -285.71%.

Ardagh Metal Packaging 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.