Renaissance Technologies LLC raised its holdings in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 19.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,817,632 shares of the company's stock after purchasing an additional 294,700 shares during the period. Renaissance Technologies LLC owned 0.30% of Ardagh Metal Packaging worth $5,471,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the business. Legal & General Group Plc raised its position in shares of Ardagh Metal Packaging by 26.8% in the 4th quarter. Legal & General Group Plc now owns 30,784 shares of the company's stock worth $93,000 after acquiring an additional 6,509 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Ardagh Metal Packaging by 5.5% during the fourth quarter. Federated Hermes Inc. now owns 298,435 shares of the company's stock valued at $898,000 after buying an additional 15,565 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Ardagh Metal Packaging by 324.1% in the 4th quarter. Russell Investments Group Ltd. now owns 522,040 shares of the company's stock valued at $1,571,000 after buying an additional 398,951 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Ardagh Metal Packaging by 41.1% in the 4th quarter. Wells Fargo & Company MN now owns 79,020 shares of the company's stock valued at $238,000 after buying an additional 23,014 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Ardagh Metal Packaging by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 1,810,069 shares of the company's stock worth $5,448,000 after buying an additional 25,187 shares during the last quarter. Institutional investors own 16.93% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have issued reports on AMBP. Morgan Stanley raised shares of Ardagh Metal Packaging from an "underweight" rating to an "equal weight" rating and cut their price target for the stock from $3.60 to $3.10 in a report on Monday, January 13th. Wells Fargo & Company restated an "equal weight" rating and set a $3.35 target price (down from $3.60) on shares of Ardagh Metal Packaging in a research note on Thursday, January 16th. UBS Group decreased their price target on Ardagh Metal Packaging from $4.25 to $2.75 and set a "neutral" rating for the company in a research note on Friday, January 10th. Finally, Citigroup dropped their price target on Ardagh Metal Packaging from $4.50 to $4.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $3.44.
Check Out Our Latest Stock Report on Ardagh Metal Packaging
Ardagh Metal Packaging Price Performance
AMBP traded up $0.82 during trading on Thursday, reaching $3.58. 9,469,278 shares of the company's stock were exchanged, compared to its average volume of 1,646,888. Ardagh Metal Packaging S.A. has a 1 year low of $2.50 and a 1 year high of $4.26. The company's fifty day simple moving average is $2.81 and its 200-day simple moving average is $3.13. The stock has a market capitalization of $2.14 billion, a P/E ratio of -29.79, a price-to-earnings-growth ratio of 0.54 and a beta of 0.54.
Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.01. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. Equities analysts forecast that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current year.
Ardagh Metal Packaging Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 11.19%. Ardagh Metal Packaging's dividend payout ratio (DPR) is -800.00%.
Ardagh Metal Packaging Profile
(
Free Report)
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.
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