R Squared Ltd Makes New $93,000 Investment in Ardagh Metal Packaging S.A. $AMBP

R Squared Ltd purchased a new position in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 21,718 shares of the company’s stock, valued at approximately $93,000.

Other hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. boosted its stake in shares of Ardagh Metal Packaging by 140.6% during the 1st quarter. SBI Securities Co. Ltd. now owns 9,173 shares of the company’s stock worth $28,000 after purchasing an additional 5,361 shares during the last quarter. Pallas Capital Advisors LLC acquired a new stake in shares of Ardagh Metal Packaging during the 2nd quarter worth about $43,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Ardagh Metal Packaging during the 1st quarter worth about $33,000. Signaturefd LLC boosted its stake in shares of Ardagh Metal Packaging by 237.4% during the 2nd quarter. Signaturefd LLC now owns 11,382 shares of the company’s stock worth $49,000 after purchasing an additional 8,009 shares during the last quarter. Finally, Cerity Partners LLC acquired a new stake in shares of Ardagh Metal Packaging during the 1st quarter worth about $43,000. 16.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. UBS Group increased their price objective on shares of Ardagh Metal Packaging from $3.75 to $4.00 and gave the stock a “neutral” rating in a report on Friday. Citigroup increased their price objective on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock a “buy” rating in a report on Thursday, July 3rd. Wells Fargo & Company cut their price objective on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ardagh Metal Packaging in a report on Friday. Finally, Raymond James Financial assumed coverage on shares of Ardagh Metal Packaging in a report on Wednesday, October 15th. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $4.22.

Ardagh Metal Packaging Stock Performance

NYSE AMBP opened at $3.80 on Monday. Ardagh Metal Packaging S.A. has a one year low of $2.50 and a one year high of $4.78. The company’s 50 day moving average price is $3.74 and its 200 day moving average price is $3.84. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of -379.50, a PEG ratio of 1.28 and a beta of 0.56.

Ardagh Metal Packaging (NYSE:AMBP) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. Ardagh Metal Packaging had a net margin of 0.30% and a negative return on equity of 58.16%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the firm posted $0.08 earnings per share. Ardagh Metal Packaging’s revenue for the quarter was up 8.8% compared to the same quarter last year. Sell-side analysts forecast that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Monday, November 3rd will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, November 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.5%. Ardagh Metal Packaging’s dividend payout ratio (DPR) is currently -4,000.00%.

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.