Essex Financial Services Inc. Lowers Stock Holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP)

Essex Financial Services Inc. lowered its position in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 3.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 158,547 shares of the company’s stock after selling 4,940 shares during the period. Essex Financial Services Inc.’s holdings in Ardagh Metal Packaging were worth $477,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Janney Montgomery Scott LLC lifted its position in shares of Ardagh Metal Packaging by 0.5% in the third quarter. Janney Montgomery Scott LLC now owns 641,868 shares of the company’s stock valued at $2,420,000 after acquiring an additional 3,290 shares in the last quarter. Signaturefd LLC raised its stake in Ardagh Metal Packaging by 23.1% during 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. Dakota Wealth Management lifted its holdings in Ardagh Metal Packaging by 2.8% in the 4th quarter. Dakota Wealth Management now owns 146,682 shares of the company’s stock worth $442,000 after purchasing an additional 4,030 shares in the last quarter. nVerses Capital LLC boosted its stake in Ardagh Metal Packaging by 70.4% in the 3rd quarter. nVerses Capital LLC now owns 12,100 shares of the company’s stock worth $46,000 after purchasing an additional 5,000 shares during the period. Finally, US Bancorp DE grew its holdings in Ardagh Metal Packaging by 17.8% during the 3rd quarter. US Bancorp DE now owns 39,978 shares of the company’s stock valued at $151,000 after buying an additional 6,031 shares in the last quarter. Hedge funds and other institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Stock Down 2.2 %

Ardagh Metal Packaging stock opened at $2.63 on Thursday. The company’s 50-day moving average price is $2.92 and its 200-day moving average price is $3.39. The company has a market cap of $1.57 billion, a PE ratio of -21.91, a price-to-earnings-growth ratio of 0.51 and a beta of 0.64. Ardagh Metal Packaging S.A. has a twelve month low of $2.50 and a twelve month high of $4.26.

Analyst Ratings Changes

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

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.