AQR Capital Management LLC Has $1.09 Million Stock Holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP)

AQR Capital Management LLC lifted its holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 422.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 319,165 shares of the company's stock after purchasing an additional 258,067 shares during the quarter. AQR Capital Management LLC owned 0.05% of Ardagh Metal Packaging worth $1,085,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of AMBP. Catalina Capital Group LLC acquired a new stake in Ardagh Metal Packaging in the first quarter worth approximately $42,000. Principal Financial Group Inc. lifted 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 worth $66,000 after purchasing an additional 5,009 shares during the period. Gries Financial LLC acquired a new stake in Ardagh Metal Packaging in the second quarter worth approximately $77,000. Quadrature Capital Ltd acquired a new stake in Ardagh Metal Packaging in the first quarter worth approximately $91,000. Finally, Sanders Morris Harris LLC acquired a new stake in Ardagh Metal Packaging in the first quarter worth approximately $98,000. 16.93% of the stock is owned by institutional investors and hedge funds.

Ardagh Metal Packaging Price Performance

Shares of NYSE:AMBP remained flat at $3.73 on Friday. The stock had a trading volume of 836,026 shares, compared to its average volume of 1,327,649. Ardagh Metal Packaging S.A. has a one year low of $2.57 and a one year high of $4.17. The firm has a fifty day simple moving average of $3.56 and a 200 day simple moving average of $3.65. The stock has a market cap of $2.23 billion, a PE ratio of -31.08, a PEG ratio of 0.79 and a beta of 0.62. The company has a debt-to-equity ratio of 124.21, a current ratio of 0.95 and a quick ratio of 0.66.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last announced its earnings results on Thursday, July 25th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. Ardagh Metal Packaging had a negative net margin of 1.02% and a positive return on equity of 114.77%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the business earned $0.04 EPS. The company's revenue was up .3% on a year-over-year basis. As a group, analysts expect that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current year.

Ardagh Metal Packaging Dividend Announcement

The company also recently announced 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. This represents a $0.40 annualized dividend and a yield of 10.72%. The ex-dividend date was Thursday, September 12th. Ardagh Metal Packaging's dividend payout ratio (DPR) is currently -333.31%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AMBP shares. UBS Group downgraded Ardagh Metal Packaging from a "buy" rating to a "neutral" rating and cut their target price for the stock from $5.00 to $3.75 in a research report on Wednesday, July 17th. Wells Fargo & Company upped 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, Citigroup increased their price objective on Ardagh Metal Packaging from $4.00 to $4.50 and gave the company a "buy" rating in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $3.74.

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.