Ardagh Metal Packaging S.A. (NYSE:AMBP) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA cut its position in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 27.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,554,950 shares of the company’s stock after selling 1,685,029 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Ardagh Metal Packaging were worth $15,487,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in AMBP. Price T Rowe Associates Inc. MD boosted its position in Ardagh Metal Packaging by 17.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,881 shares of the company’s stock valued at $113,000 after buying an additional 4,922 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Ardagh Metal Packaging by 34.5% in the second quarter. Principal Financial Group Inc. now owns 19,521 shares of the company’s stock valued at $66,000 after purchasing an additional 5,009 shares during the last quarter. HB Wealth Management LLC boosted its holdings in Ardagh Metal Packaging by 33.2% in the first quarter. HB Wealth Management LLC now owns 32,228 shares of the company’s stock valued at $111,000 after purchasing an additional 8,026 shares during the last quarter. Keeley Teton Advisors LLC grew its stake in Ardagh Metal Packaging by 0.5% during the 1st 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 in the last quarter. Finally, Gabelli Funds LLC raised its position in shares of Ardagh Metal Packaging by 12.0% in the 1st quarter. Gabelli Funds LLC now owns 112,000 shares of the company’s stock valued at $384,000 after purchasing an additional 12,000 shares in the last quarter. 16.93% of the stock is owned by institutional investors and hedge funds.

Ardagh Metal Packaging Stock Down 1.8 %

Shares of NYSE:AMBP opened at $3.63 on Friday. The company’s fifty day moving average is $3.53 and its two-hundred day moving average is $3.61. The company has a debt-to-equity ratio of 124.21, a quick ratio of 0.66 and a current ratio of 0.95. Ardagh Metal Packaging S.A. has a 1-year low of $2.57 and a 1-year high of $4.17. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of -25.89, a price-to-earnings-growth ratio of 0.75 and a beta of 0.61.

Ardagh Metal Packaging (NYSE:AMBP) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the business earned $0.04 earnings per share. Ardagh Metal Packaging’s quarterly revenue was up .3% on a year-over-year basis. Equities analysts anticipate that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current year.

Ardagh Metal Packaging Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.40 dividend on an annualized basis and a yield of 11.03%. Ardagh Metal Packaging’s dividend payout ratio is currently -285.71%.

Analyst Ratings Changes

A number of analysts have recently weighed in on AMBP shares. Citigroup decreased their price target on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating for the company in a research report on Monday, July 8th. 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 upped their target price on shares of Ardagh Metal Packaging from $3.95 to $4.25 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Ardagh Metal Packaging presently has an average rating of “Hold” and a consensus price target of $3.67.

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.