Ardagh Metal Packaging S.A. (NYSE:AMBP) Short Interest Update

Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 4,730,000 shares, an increase of 55.1% from the February 13th total of 3,050,000 shares. Approximately 3.4% of the shares of the company are short sold. Based on an average daily volume of 1,500,000 shares, the short-interest ratio is currently 3.2 days.

Ardagh Metal Packaging Stock Up 0.2 %

NYSE:AMBP traded up $0.01 during trading hours on Wednesday, reaching $2.99. 1,274,630 shares of the company's stock were exchanged, compared to its average volume of 1,608,445. The company has a market capitalization of $1.78 billion, a P/E ratio of -24.87, a price-to-earnings-growth ratio of 0.54 and a beta of 0.63. Ardagh Metal Packaging has a 12 month low of $2.50 and a 12 month high of $4.26. The business's 50-day simple moving average is $2.76 and its two-hundred day simple moving average is $3.28.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. The firm had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.14 billion. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. As a group, sell-side analysts anticipate that Ardagh Metal Packaging will post 0.16 earnings per share for the current fiscal year.

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Ardagh Metal Packaging Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 13.40%. The ex-dividend date is Thursday, March 13th. Ardagh Metal Packaging's payout ratio is -800.00%.

Institutional Trading of Ardagh Metal Packaging

A number of large investors have recently added to or reduced their stakes in the business. Marshall Wace LLP lifted its position in shares of Ardagh Metal Packaging by 2.4% in the 4th quarter. Marshall Wace LLP now owns 171,277 shares of the company's stock valued at $516,000 after acquiring an additional 3,970 shares in the last quarter. Dakota Wealth Management lifted its position in shares of Ardagh Metal Packaging by 2.8% in the 4th 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. EP Wealth Advisors LLC lifted its position in shares of Ardagh Metal Packaging by 9.5% in the 4th quarter. EP Wealth Advisors LLC now owns 54,647 shares of the company's stock valued at $164,000 after acquiring an additional 4,731 shares in the last quarter. Gabelli Funds LLC lifted its position in shares of Ardagh Metal Packaging by 3.7% in the 4th quarter. Gabelli Funds LLC now owns 139,000 shares of the company's stock valued at $418,000 after acquiring an additional 5,000 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its position in shares of Ardagh Metal Packaging by 6.1% in the 4th quarter. MetLife Investment Management LLC now owns 90,709 shares of the company's stock valued at $273,000 after acquiring an additional 5,218 shares in the last quarter. 16.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on AMBP shares. Morgan Stanley upgraded shares of Ardagh Metal Packaging from an "underweight" rating to an "equal weight" rating and decreased their target price for the stock from $3.60 to $3.10 in a research report on Monday, January 13th. Wells Fargo & Company reiterated an "equal weight" rating and issued a $3.35 price objective (down from $3.60) on shares of Ardagh Metal Packaging in a report on Thursday, January 16th. Citigroup decreased their price objective on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a "buy" rating for the company in a report on Monday, January 6th. Bank of America cut shares of Ardagh Metal Packaging from a "buy" rating to an "underperform" rating and decreased their price objective for the company from $4.90 to $4.00 in a report on Wednesday, December 11th. Finally, UBS Group decreased their price objective on shares of Ardagh Metal Packaging from $4.25 to $2.75 and set a "neutral" rating for the company in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $3.44.

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.