Russell Investments Group Ltd. Acquires 398,951 Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP)

Russell Investments Group Ltd. increased its stake in Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 324.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 522,040 shares of the company's stock after acquiring an additional 398,951 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.09% of Ardagh Metal Packaging worth $1,571,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. HighTower Advisors LLC boosted its stake in Ardagh Metal Packaging by 106.7% in the third quarter. HighTower Advisors LLC now owns 32,524 shares of the company's stock valued at $122,000 after acquiring an additional 16,786 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Ardagh Metal Packaging by 0.7% in the third quarter. Geode Capital Management LLC now owns 1,784,882 shares of the company's stock valued at $6,729,000 after buying an additional 11,963 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Ardagh Metal Packaging by 195.3% during the third quarter. JPMorgan Chase & Co. now owns 196,979 shares of the company's stock worth $743,000 after purchasing an additional 130,264 shares in the last quarter. CWA Asset Management Group LLC lifted its position in shares of Ardagh Metal Packaging by 19.7% in the fourth quarter. CWA Asset Management Group LLC now owns 105,699 shares of the company's stock valued at $318,000 after acquiring an additional 17,427 shares in the last quarter. Finally, Dakota Wealth Management lifted its position in shares of Ardagh Metal Packaging by 2.8% in the fourth quarter. Dakota Wealth Management now owns 146,682 shares of the company's stock valued at $442,000 after acquiring an additional 4,030 shares in the last quarter. Hedge funds and other institutional investors own 16.93% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Morgan Stanley upgraded Ardagh Metal Packaging from an "underweight" rating to an "equal weight" rating and dropped their target price for the company from $3.60 to $3.10 in a research note on Monday, January 13th. Wells Fargo & Company restated an "equal weight" rating and set a $3.35 price target (down from $3.60) on shares of Ardagh Metal Packaging in a research note on Thursday, January 16th. UBS Group dropped 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 for the company in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $3.44.

Ardagh Metal Packaging Stock Up 25.4 %

Shares of AMBP traded up $0.70 during trading hours on Thursday, reaching $3.46. The company's stock had a trading volume of 3,902,851 shares, compared to its average volume of 1,483,873. Ardagh Metal Packaging S.A. has a 1-year low of $2.50 and a 1-year high of $4.26. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of -28.87, a P/E/G ratio of 0.54 and a beta of 0.54. The company has a 50 day moving average of $2.81 and a two-hundred day moving average of $3.13.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.02 EPS for the quarter, beating the consensus estimate 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%. As a group, 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 disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 11.56%. Ardagh Metal Packaging's dividend payout ratio is presently -800.00%.

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.