SG Americas Securities LLC Cuts Stake in Ardagh Metal Packaging S.A. (NYSE:AMBP)

SG Americas Securities LLC cut its stake in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 74.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,676 shares of the company's stock after selling 145,839 shares during the quarter. SG Americas Securities LLC's holdings in Ardagh Metal Packaging were worth $191,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AMBP. Point72 Asset Management L.P. raised its stake in shares of Ardagh Metal Packaging by 183.9% during the 2nd quarter. Point72 Asset Management L.P. now owns 142,525 shares of the company's stock worth $485,000 after buying an additional 92,325 shares in the last quarter. Quarry LP acquired a new position in Ardagh Metal Packaging during the second quarter worth $45,000. Susquehanna Fundamental Investments LLC purchased a new position in Ardagh Metal Packaging in the second quarter worth $187,000. Mackenzie Financial Corp acquired a new stake in Ardagh Metal Packaging in the second quarter valued at $405,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Ardagh Metal Packaging during the 2nd quarter worth $188,000. 16.93% of the stock is owned by institutional investors and hedge funds.

Ardagh Metal Packaging Price Performance

Ardagh Metal Packaging stock traded down $0.28 during mid-day trading on Thursday, hitting $3.91. 2,148,357 shares of the company were exchanged, compared to its average volume of 1,344,117. Ardagh Metal Packaging S.A. has a 12-month low of $2.64 and a 12-month high of $4.26. The company has a market capitalization of $2.34 billion, a P/E ratio of -27.79, a PEG ratio of 0.79 and a beta of 0.62. The business's 50 day simple moving average is $3.68 and its two-hundred day simple moving average is $3.68. 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 posted its quarterly earnings data on Thursday, October 24th. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.01. The firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.34 billion. Ardagh Metal Packaging had a positive return on equity of 114.77% and a negative net margin of 1.02%. The firm's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 EPS. Analysts forecast that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on AMBP shares. Wells Fargo & Company upgraded shares of Ardagh Metal Packaging from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $4.25 to $5.00 in a research note on Tuesday, October 15th. UBS Group lowered 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. Citigroup raised their price objective on Ardagh Metal Packaging from $4.00 to $4.50 and gave the company a "buy" rating in a research note on Wednesday, October 2nd. Finally, Bank of America upgraded Ardagh Metal Packaging from an "underperform" rating to a "buy" rating and boosted their target price for the stock from $3.80 to $5.10 in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $4.08.

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.