Marshall Wace LLP Lowers Position in Ardagh Metal Packaging S.A. (NYSE:AMBP)

Marshall Wace LLP lessened its position in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 38.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 679,889 shares of the company’s stock after selling 423,462 shares during the quarter. Marshall Wace LLP’s holdings in Ardagh Metal Packaging were worth $2,312,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMBP. Catalina Capital Group LLC bought a new stake in Ardagh Metal Packaging in the first quarter worth $42,000. Principal Financial Group Inc. boosted its stake in Ardagh Metal Packaging by 34.5% in the 2nd quarter. Principal Financial Group Inc. now owns 19,521 shares of the company’s stock worth $66,000 after purchasing an additional 5,009 shares in the last quarter. Gries Financial LLC purchased a new stake in Ardagh Metal Packaging during the 2nd quarter valued at about $77,000. Quadrature Capital Ltd bought a new stake in Ardagh Metal Packaging during the 1st quarter valued at about $91,000. Finally, Sanders Morris Harris LLC purchased a new position in Ardagh Metal Packaging in the first quarter worth about $98,000. Hedge funds and other institutional investors own 16.93% of the company’s stock.

Analyst Ratings Changes

AMBP has been the topic of a number of recent analyst reports. Citigroup increased their price target on shares of Ardagh Metal Packaging from $4.00 to $4.50 and gave the company a “buy” rating in a report on Wednesday. UBS Group lowered shares of Ardagh Metal Packaging from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $5.00 to $3.75 in a report on Wednesday, July 17th. Finally, Wells Fargo & Company boosted their price objective on shares of Ardagh Metal Packaging from $3.95 to $4.25 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $3.74.

Ardagh Metal Packaging Price Performance

Shares of AMBP opened at $3.75 on Friday. The firm has a market cap of $2.24 billion, a PE ratio of -26.86, a P/E/G ratio of 0.78 and a beta of 0.62. The company has a current ratio of 0.95, a quick ratio of 0.66 and a debt-to-equity ratio of 124.21. The firm has a fifty day simple moving average of $3.54 and a two-hundred day simple moving average of $3.63. Ardagh Metal Packaging S.A. has a 1-year low of $2.57 and a 1-year high of $4.17.

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, beating analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.32 billion. Ardagh Metal Packaging had a negative net margin of 1.02% and a positive return on equity of 114.77%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 EPS. On average, equities analysts anticipate that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current year.

Ardagh Metal Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, September 12th. This represents a $0.40 dividend on an annualized basis and a yield of 10.67%. Ardagh Metal Packaging’s dividend payout ratio is presently -285.71%.

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.