Signaturefd LLC Has $41,000 Stake in Ardagh Metal Packaging S.A. (NYSE:AMBP)

Signaturefd LLC lessened its stake in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 27.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,622 shares of the company’s stock after selling 5,117 shares during the period. Signaturefd LLC’s holdings in Ardagh Metal Packaging were worth $41,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Larson Financial Group LLC bought a new stake in Ardagh Metal Packaging in the fourth quarter valued at $30,000. Cibc World Markets Corp acquired a new stake in shares of Ardagh Metal Packaging in the 4th quarter valued at about $41,000. Aigen Investment Management LP bought a new stake in Ardagh Metal Packaging in the 4th quarter valued at about $42,000. Fidelis Capital Partners LLC raised its stake in Ardagh Metal Packaging by 52.9% during the 4th quarter. Fidelis Capital Partners LLC now owns 26,781 shares of the company’s stock worth $81,000 after buying an additional 9,266 shares during the period. Finally, Ieq Capital LLC raised its stake in Ardagh Metal Packaging by 15.7% during the 4th quarter. Ieq Capital LLC now owns 39,028 shares of the company’s stock worth $117,000 after buying an additional 5,289 shares during the period. 16.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. 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. Morgan Stanley raised shares of Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and reduced their price target for the company from $3.60 to $3.10 in a research report on Monday, January 13th. Wells Fargo & Company restated an “equal weight” rating and set a $3.35 price objective (down previously from $3.60) on shares of Ardagh Metal Packaging in a report on Thursday, January 16th. UBS Group reduced their price objective on shares of Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating for the company in a report on Friday, January 10th. Finally, Bank of America downgraded shares of Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and decreased their target price for the stock from $4.90 to $4.00 in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Ardagh Metal Packaging presently has an average rating of “Hold” and an average price target of $3.44.

Ardagh Metal Packaging Trading Down 0.3 %

NYSE AMBP opened at $2.89 on Wednesday. The business has a fifty day simple moving average of $2.78 and a 200 day simple moving average of $3.26. Ardagh Metal Packaging S.A. has a 12 month low of $2.50 and a 12 month high of $4.26. The firm has a market capitalization of $1.73 billion, a P/E ratio of -24.08, a PEG ratio of 0.54 and a beta of 0.63.

Ardagh Metal Packaging (NYSE:AMBP) last announced its earnings results on Thursday, February 27th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.14 billion. As a group, sell-side analysts predict that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.40 dividend on an annualized basis and a yield of 13.84%. Ardagh Metal Packaging’s dividend payout ratio (DPR) is currently -800.00%.

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.