Ardagh Metal Packaging S.A. (NYSE:AMBP) Shares Sold by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC trimmed its position in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 56.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,905 shares of the company’s stock after selling 17,956 shares during the quarter. Sherbrooke Park Advisers LLC’s holdings in Ardagh Metal Packaging were worth $42,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Marshall Wace LLP increased its stake in shares of Ardagh Metal Packaging by 2.4% during the fourth quarter. Marshall Wace LLP now owns 171,277 shares of the company’s stock worth $516,000 after acquiring an additional 3,970 shares during the period. Dakota Wealth Management increased its stake in shares of Ardagh Metal Packaging by 2.8% during the fourth quarter. Dakota Wealth Management now owns 146,682 shares of the company’s stock worth $442,000 after acquiring an additional 4,030 shares during the period. EP Wealth Advisors LLC increased its stake in shares of Ardagh Metal Packaging by 9.5% during the fourth quarter. EP Wealth Advisors LLC now owns 54,647 shares of the company’s stock worth $164,000 after acquiring an additional 4,731 shares during the period. Gabelli Funds LLC increased its stake in shares of Ardagh Metal Packaging by 3.7% during the fourth quarter. Gabelli Funds LLC now owns 139,000 shares of the company’s stock worth $418,000 after acquiring an additional 5,000 shares during the period. Finally, MetLife Investment Management LLC increased its stake in shares of Ardagh Metal Packaging by 6.1% during the fourth quarter. MetLife Investment Management LLC now owns 90,709 shares of the company’s stock worth $273,000 after acquiring an additional 5,218 shares during the period. 16.93% of the stock is currently owned by institutional investors and hedge funds.

Ardagh Metal Packaging Stock Down 4.2%

Shares of Ardagh Metal Packaging stock opened at $3.77 on Thursday. The company’s 50-day simple moving average is $3.19 and its 200-day simple moving average is $3.11. Ardagh Metal Packaging S.A. has a 52-week low of $2.50 and a 52-week high of $4.26. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of -31.38, a price-to-earnings-growth ratio of 0.54 and a beta of 0.51.

Ardagh Metal Packaging (NYSE:AMBP) last issued its earnings results on Thursday, April 24th. The company reported $0.02 earnings per share for the quarter, topping 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%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the business posted $0.01 earnings per share. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. Equities research analysts anticipate 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 was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.40 annualized dividend and a yield of 10.62%. Ardagh Metal Packaging’s payout ratio is currently -1,000.00%.

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.