Private Management Group Inc. Sells 29,093 Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP)

Private Management Group Inc. lessened its holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 0.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,514,078 shares of the company’s stock after selling 29,093 shares during the quarter. Private Management Group Inc. owned 0.92% of Ardagh Metal Packaging worth $20,788,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Ballentine Partners LLC bought a new stake in shares of Ardagh Metal Packaging during the 3rd quarter worth approximately $42,000. nVerses Capital LLC raised its position in Ardagh Metal Packaging by 70.4% during the third quarter. nVerses Capital LLC now owns 12,100 shares of the company’s stock worth $46,000 after acquiring an additional 5,000 shares in the last quarter. Catalina Capital Group LLC acquired a new stake in Ardagh Metal Packaging in the first quarter valued at $42,000. Quarry LP bought a new position in shares of Ardagh Metal Packaging in the 2nd quarter valued at about $45,000. Finally, Signaturefd LLC raised its holdings in shares of Ardagh Metal Packaging by 23.1% in the 3rd quarter. Signaturefd LLC now owns 18,739 shares of the company’s stock valued at $71,000 after purchasing an additional 3,515 shares during the period. Institutional investors own 16.93% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Wells Fargo & Company raised Ardagh Metal Packaging from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $4.25 to $5.00 in a research report on Tuesday, October 15th. UBS Group lowered Ardagh Metal Packaging from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $5.00 to $3.75 in a report on Wednesday, July 17th. Bank of America raised Ardagh Metal Packaging from an “underperform” rating to a “buy” rating and raised their price target for the company from $3.80 to $5.10 in a report on Thursday, October 17th. Finally, Citigroup upped their price objective on shares of Ardagh Metal Packaging from $4.00 to $4.50 and gave the company a “buy” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Ardagh Metal Packaging presently has an average rating of “Hold” and an average target price of $4.08.

Ardagh Metal Packaging Stock Performance

NYSE AMBP traded down $0.04 on Friday, reaching $3.64. The stock had a trading volume of 1,311,523 shares, compared to its average volume of 1,372,207. The company has a debt-to-equity ratio of 124.21, a current ratio of 1.17 and a quick ratio of 0.88. The company has a market cap of $2.18 billion, a P/E ratio of -30.33, a price-to-earnings-growth ratio of 0.91 and a beta of 0.62. The firm has a fifty day moving average of $3.72 and a two-hundred day moving average of $3.69. Ardagh Metal Packaging S.A. has a 1-year low of $3.16 and a 1-year high of $4.26.

Ardagh Metal Packaging (NYSE:AMBP) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 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 business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the company posted $0.06 earnings per share. Ardagh Metal Packaging’s revenue was up 1.5% compared to the same quarter last year. On average, 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.40 annualized dividend and a dividend yield of 10.99%. Ardagh Metal Packaging’s dividend payout ratio is presently -333.31%.

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.