Private Management Group Inc. Sells 396,136 Shares of Ardagh Metal Packaging S.A. $AMBP

Private Management Group Inc. reduced its position in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 7.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,082,519 shares of the company’s stock after selling 396,136 shares during the period. Private Management Group Inc. owned 0.85% of Ardagh Metal Packaging worth $20,838,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMBP. Jacobs Levy Equity Management Inc. raised its stake in Ardagh Metal Packaging by 603.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,357,953 shares of the company’s stock valued at $9,408,000 after acquiring an additional 2,022,889 shares during the period. Barclays PLC raised its stake in Ardagh Metal Packaging by 242.7% in the 3rd quarter. Barclays PLC now owns 1,834,361 shares of the company’s stock valued at $7,319,000 after acquiring an additional 1,299,132 shares during the period. Monarch Alternative Capital LP bought a new stake in Ardagh Metal Packaging in the 3rd quarter valued at about $3,890,000. Shellback Capital LP bought a new stake in Ardagh Metal Packaging in the 2nd quarter valued at about $4,072,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Ardagh Metal Packaging by 8.0% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,069,139 shares of the company’s stock valued at $43,096,000 after buying an additional 744,921 shares during the period. 16.93% of the stock is currently owned by institutional investors.

Ardagh Metal Packaging Stock Up 0.1%

Shares of AMBP opened at $4.06 on Friday. The business’s 50-day moving average price is $4.02 and its 200-day moving average price is $4.20. Ardagh Metal Packaging S.A. has a twelve month low of $3.29 and a twelve month high of $5.03. The stock has a market cap of $2.42 billion, a PE ratio of 16.88, a P/E/G ratio of 0.86 and a beta of 0.55.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.05 EPS 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. Analysts expect that Ardagh Metal Packaging S.A. will post 0.25 earnings per share for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $0.40 annualized dividend and a dividend yield of 9.9%.

Analyst Upgrades and Downgrades

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

About Ardagh Metal Packaging

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.