Ardagh Metal Packaging S.A. (NYSE:AMBP) Shares Sold by CenterBook Partners LP

CenterBook Partners LP trimmed its position in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 39.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,426,004 shares of the company’s stock after selling 944,726 shares during the quarter. CenterBook Partners LP’s holdings in Ardagh Metal Packaging were worth $4,307,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in Ardagh Metal Packaging by 84.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 745,986 shares of the company’s stock worth $2,253,000 after purchasing an additional 342,002 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its position in Ardagh Metal Packaging by 1,491.6% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 25,465 shares of the company’s stock worth $77,000 after acquiring an additional 23,865 shares during the last quarter. Atria Wealth Solutions Inc. raised its position in Ardagh Metal Packaging by 100.0% during the first quarter. Atria Wealth Solutions Inc. now owns 24,000 shares of the company’s stock worth $72,000 after acquiring an additional 12,000 shares during the last quarter. XTX Topco Ltd raised its position in Ardagh Metal Packaging by 86.6% during the first quarter. XTX Topco Ltd now owns 308,104 shares of the company’s stock worth $930,000 after acquiring an additional 143,014 shares during the last quarter. Finally, Federated Hermes Inc. grew its holdings in shares of Ardagh Metal Packaging by 34.3% during the first quarter. Federated Hermes Inc. now owns 400,935 shares of the company’s stock worth $1,211,000 after buying an additional 102,500 shares in the last quarter. 16.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on AMBP shares. UBS Group lifted their price target on shares of Ardagh Metal Packaging from $3.40 to $4.50 and gave the stock a “neutral” rating in a report on Wednesday, July 9th. Citigroup boosted their target price on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the company a “buy” rating in a report on Thursday, July 3rd. Finally, Morgan Stanley boosted their target price on shares of Ardagh Metal Packaging from $3.50 to $4.10 and gave the company an “equal weight” rating in a report on Wednesday, June 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Ardagh Metal Packaging has an average rating of “Hold” and a consensus price target of $4.19.

Ardagh Metal Packaging Trading Up 0.3%

NYSE AMBP opened at $4.73 on Tuesday. The company’s fifty day simple moving average is $4.07 and its 200-day simple moving average is $3.29. Ardagh Metal Packaging S.A. has a 52 week low of $2.50 and a 52 week high of $4.78. The stock has a market cap of $2.82 billion, a P/E ratio of -118.63, a PEG ratio of 1.14 and a beta of 0.56.

Ardagh Metal Packaging (NYSE:AMBP) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Ardagh Metal Packaging had a net margin of 0.08% and a negative return on equity of 112.58%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.01 earnings per share. On average, research analysts expect 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 announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were paid 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 8.47%. Ardagh Metal Packaging’s payout ratio is -1,000.00%.

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.