Signaturefd LLC Purchases 3,515 Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP)

Signaturefd LLC increased its position in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 23.1% during the 3rd quarter, Holdings Channel reports. The fund owned 18,739 shares of the company’s stock after buying an additional 3,515 shares during the quarter. Signaturefd LLC’s holdings in Ardagh Metal Packaging were worth $71,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. King Street Capital Management L.P. bought a new position in Ardagh Metal Packaging during the 2nd quarter worth approximately $14,790,000. Vanguard Group Inc. lifted its stake in Ardagh Metal Packaging by 11.1% in the first quarter. Vanguard Group Inc. now owns 1,065,659 shares of the company’s stock valued at $3,655,000 after buying an additional 106,206 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Ardagh Metal Packaging by 48.7% in the second quarter. Renaissance Technologies LLC now owns 1,325,132 shares of the company’s stock valued at $4,505,000 after buying an additional 433,700 shares in the last quarter. AQR Capital Management LLC lifted its stake in Ardagh Metal Packaging by 422.4% in the second quarter. AQR Capital Management LLC now owns 319,165 shares of the company’s stock valued at $1,085,000 after buying an additional 258,067 shares in the last quarter. Finally, Gabelli Funds LLC lifted its stake in Ardagh Metal Packaging by 12.0% in the first quarter. Gabelli Funds LLC now owns 112,000 shares of the company’s stock valued at $384,000 after buying an additional 12,000 shares in the last quarter. Institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Stock Performance

Shares of AMBP opened at $3.74 on Wednesday. Ardagh Metal Packaging S.A. has a 12 month low of $3.16 and a 12 month high of $4.26. The firm has a fifty day simple moving average of $3.71 and a 200 day simple moving average of $3.69. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of -31.12, a PEG ratio of 0.88 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.

Ardagh Metal Packaging (NYSE:AMBP) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 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 $1.31 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the firm posted $0.06 earnings per share. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. Research analysts forecast 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 declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 10.71%. The ex-dividend date of this dividend is Thursday, December 5th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is currently -333.31%.

Analyst Ratings Changes

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

Ardagh Metal Packaging 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.