Ardagh Metal Packaging S.A. (NYSE:AMBP) Shares Sold by Barclays PLC

Barclays PLC lessened its position in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 11.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 385,653 shares of the company’s stock after selling 52,222 shares during the quarter. Barclays PLC’s holdings in Ardagh Metal Packaging were worth $1,454,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Ballentine Partners LLC acquired a new stake in shares of Ardagh Metal Packaging in the third quarter valued at $42,000. Quarry LP purchased a new position in Ardagh Metal Packaging during the 2nd quarter valued at about $45,000. nVerses Capital LLC grew its position in Ardagh Metal Packaging by 70.4% in the 3rd quarter. nVerses Capital LLC now owns 12,100 shares of the company’s stock valued at $46,000 after acquiring an additional 5,000 shares in the last quarter. Principal Financial Group Inc. increased its stake in Ardagh Metal Packaging by 34.5% during the second 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 during the period. Finally, Signaturefd LLC increased its stake in Ardagh Metal Packaging by 23.1% during the third quarter. Signaturefd LLC now owns 18,739 shares of the company’s stock worth $71,000 after purchasing an additional 3,515 shares during the period. 16.93% of the stock is currently owned by institutional investors and hedge funds.

Ardagh Metal Packaging Stock Performance

Shares of AMBP stock opened at $2.67 on Monday. The stock’s 50-day moving average price is $3.35 and its 200 day moving average price is $3.52. The company has a quick ratio of 0.88, a current ratio of 1.17 and a debt-to-equity ratio of 124.21. The stock has a market capitalization of $1.60 billion, a PE ratio of -22.25, a price-to-earnings-growth ratio of 0.79 and a beta of 0.65. Ardagh Metal Packaging S.A. has a 52-week low of $2.66 and a 52-week high of $4.26.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.01. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.34 billion. Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the company earned $0.06 earnings per share. As a group, equities research analysts forecast that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current year.

Ardagh Metal Packaging Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 14.98%. The ex-dividend date of this dividend was Thursday, December 5th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is -333.33%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wells Fargo & Company dropped their price target on shares of Ardagh Metal Packaging from $5.00 to $3.60 and set an “overweight” rating for the company in a research note on Monday, January 6th. UBS Group decreased their target price on Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating for the company in a research report on Friday. Citigroup reduced their price objective on Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Finally, Bank of America lowered shares of Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $4.90 to $4.00 in a research report on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ardagh Metal Packaging currently has a consensus rating of “Hold” and an average price target of $3.43.

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.