Ardagh Metal Packaging S.A. (NYSE:AMBP) Shares Bought by Principle Wealth Partners LLC

Principle Wealth Partners LLC raised its position in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 13.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 56,987 shares of the company’s stock after buying an additional 6,672 shares during the period. Principle Wealth Partners LLC’s holdings in Ardagh Metal Packaging were worth $172,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AMBP. Citigroup Inc. boosted its holdings in Ardagh Metal Packaging by 15,834.1% in the 3rd quarter. Citigroup Inc. now owns 5,104,806 shares of the company’s stock worth $19,245,000 after buying an additional 5,072,769 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Ardagh Metal Packaging by 37.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,778,166 shares of the company’s stock worth $6,704,000 after buying an additional 489,146 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Ardagh Metal Packaging by 99.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 284,375 shares of the company’s stock worth $1,072,000 after purchasing an additional 141,850 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Ardagh Metal Packaging by 195.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 196,979 shares of the company’s stock worth $743,000 after purchasing an additional 130,264 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Ardagh Metal Packaging during the 3rd quarter worth approximately $389,000. 16.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMBP has been the topic of several recent research reports. Wells Fargo & Company restated an “equal weight” rating and set a $3.35 target price (down from $3.60) on shares of Ardagh Metal Packaging in a report on Thursday, January 16th. UBS Group reduced their price target on shares of Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Morgan Stanley raised shares of Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and reduced their price target for the company from $3.60 to $3.10 in a research report on Monday, January 13th. Citigroup reduced their price target on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, Bank of America lowered shares of Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and reduced their price target for the company from $4.90 to $4.00 in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ardagh Metal Packaging has a consensus rating of “Hold” and an average price target of $3.37.

Ardagh Metal Packaging Stock Up 1.3 %

Shares of NYSE AMBP opened at $2.69 on Wednesday. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of -22.37, a PEG ratio of 0.51 and a beta of 0.64. Ardagh Metal Packaging S.A. has a 52-week low of $2.50 and a 52-week high of $4.26. The business’s 50 day moving average is $2.94 and its two-hundred day moving average is $3.40.

About Ardagh Metal Packaging

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.