UBS Group AG Lowers Stock Position in Ardagh Metal Packaging S.A. $AMBP

UBS Group AG reduced its stake in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 19.0% during the fourth quarter, HoldingsChannel reports. The firm owned 1,188,065 shares of the company’s stock after selling 278,355 shares during the period. UBS Group AG’s holdings in Ardagh Metal Packaging were worth $4,871,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. R Squared Ltd raised its stake in Ardagh Metal Packaging by 15.3% in the third quarter. R Squared Ltd now owns 25,046 shares of the company’s stock valued at $100,000 after purchasing an additional 3,328 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Ardagh Metal Packaging by 9.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 56,828 shares of the company’s stock valued at $236,000 after purchasing an additional 4,741 shares in the last quarter. Counterpoint Mutual Funds LLC raised its stake in Ardagh Metal Packaging by 5.9% in the third quarter. Counterpoint Mutual Funds LLC now owns 84,636 shares of the company’s stock valued at $338,000 after purchasing an additional 4,742 shares in the last quarter. Contrarian Capital Management L.L.C. raised its stake in Ardagh Metal Packaging by 5.6% in the third quarter. Contrarian Capital Management L.L.C. now owns 95,000 shares of the company’s stock valued at $379,000 after purchasing an additional 5,000 shares in the last quarter. Finally, CWM LLC raised its stake in Ardagh Metal Packaging by 12.1% in the fourth quarter. CWM LLC now owns 52,321 shares of the company’s stock valued at $215,000 after purchasing an additional 5,659 shares in the last quarter. 16.93% of the stock is owned by hedge funds and other institutional investors.

Ardagh Metal Packaging Trading Up 0.1%

NYSE AMBP opened at $4.06 on Friday. Ardagh Metal Packaging S.A. has a 1-year low of $3.29 and a 1-year high of $5.03. The stock has a 50-day moving average of $4.04 and a 200-day moving average of $4.15. The firm has a market cap of $2.42 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 0.86 and a beta of 0.54.

Ardagh Metal Packaging (NYSE:AMBP) last released its earnings results on Tuesday, March 31st. The company reported $0.05 earnings per share for the quarter. Ardagh Metal Packaging had a negative return on equity of 31.14% and a net margin of 0.19%.The company had revenue of $1.50 billion during the quarter. As a group, equities research analysts forecast that Ardagh Metal Packaging S.A. will post 0.25 earnings per share for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 9.9%. The ex-dividend date of this dividend is Thursday, June 11th.

Analyst Upgrades and Downgrades

Several research analysts have commented on AMBP shares. Weiss Ratings raised shares of Ardagh Metal Packaging from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 29th. Wells Fargo & Company decreased their price target on shares of Ardagh Metal Packaging from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Friday, March 20th. UBS Group decreased their price target on shares of Ardagh Metal Packaging from $4.75 to $4.25 and set a “neutral” rating on the stock in a research note on Friday, April 10th. Finally, Citigroup decreased their price target on shares of Ardagh Metal Packaging from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. One investment analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $4.51.

Ardagh Metal Packaging Profile

Ardagh Metal Packaging (NYSE: AMBP) is a global supplier of metal packaging solutions, specializing in the production of steel and aluminum beverage cans, food cans and ends. As a segment of the Ardagh Group, the company supports a broad range of food and beverage customers, including soft drink and craft beer producers, as well as food manufacturers requiring durable, recyclable packaging. Its product portfolio encompasses two‐piece and three‐piece cans, a variety of can ends and closures, and value‐added services such as custom lithography and decorating.

The company operates a network of manufacturing plants across North America and Europe, serving both regional and multinational clients.