Anchorage Capital Group L.L.C. Has $4.29 Million Stock Position in Ardagh Metal Packaging S.A. (NYSE:AMBP)

Anchorage Capital Group L.L.C. trimmed its position in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 50.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,245,385 shares of the company’s stock after selling 1,250,000 shares during the period. Ardagh Metal Packaging comprises approximately 1.3% of Anchorage Capital Group L.L.C.’s holdings, making the stock its 6th largest holding. Anchorage Capital Group L.L.C.’s holdings in Ardagh Metal Packaging were worth $4,293,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. King Street Capital Management L.P. acquired a new position in Ardagh Metal Packaging in the second quarter valued at approximately $14,790,000. Grizzlyrock Capital LLC bought a new position in shares of Ardagh Metal Packaging in the 4th quarter worth $9,360,000. Brightline Capital Management LLC bought a new position in shares of Ardagh Metal Packaging in the 4th quarter worth $8,582,000. Gilman Hill Asset Management LLC grew its stake in shares of Ardagh Metal Packaging by 1.3% during the second quarter. Gilman Hill Asset Management LLC now owns 1,805,704 shares of the company’s stock worth $6,139,000 after purchasing an additional 23,458 shares during the period. Finally, Keeley Teton Advisors LLC increased its holdings in Ardagh Metal Packaging by 0.5% in the first quarter. Keeley Teton Advisors LLC now owns 1,695,498 shares of the company’s stock valued at $5,816,000 after purchasing an additional 8,433 shares during the last quarter. 16.93% of the stock is owned by institutional investors and hedge funds.

Ardagh Metal Packaging Stock Up 1.2 %

Ardagh Metal Packaging stock opened at $3.67 on Tuesday. The company has a 50 day moving average of $3.53 and a 200-day moving average of $3.62. The company has a quick ratio of 0.66, a current ratio of 0.95 and a debt-to-equity ratio of 124.21. Ardagh Metal Packaging S.A. has a twelve month low of $2.57 and a twelve month high of $4.17. The stock has a market capitalization of $2.19 billion, a PE ratio of -26.18, a price-to-earnings-growth ratio of 0.75 and a beta of 0.61.

Ardagh Metal Packaging (NYSE:AMBP) last announced its earnings results on Thursday, July 25th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. Ardagh Metal Packaging had a negative net margin of 1.02% and a positive return on equity of 114.77%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the business earned $0.04 EPS. The company’s revenue for the quarter was up .3% 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 fiscal year.

Ardagh Metal Packaging Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 10.91%. The ex-dividend date is Thursday, September 12th. Ardagh Metal Packaging’s dividend payout ratio is presently -285.71%.

Analyst Ratings Changes

Several research firms have recently issued reports on AMBP. Wells Fargo & Company boosted their target price on Ardagh Metal Packaging from $3.95 to $4.25 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Citigroup cut their target price on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating on the stock in a report on Monday, July 8th. Finally, UBS Group lowered shares of Ardagh Metal Packaging from a “buy” rating to a “neutral” rating and decreased their price target for the company from $5.00 to $3.75 in a report on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $3.67.

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.