BW Gestao de Investimentos Ltda. Reduces Stock Holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP)

BW Gestao de Investimentos Ltda. cut its stake in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 45.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,097,120 shares of the company’s stock after selling 929,223 shares during the period. BW Gestao de Investimentos Ltda. owned approximately 0.18% of Ardagh Metal Packaging worth $3,302,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Anchorage Capital Advisors L.P. acquired a new position in shares of Ardagh Metal Packaging during the fourth quarter worth $5,830,000. CenterBook Partners LP lifted its holdings in Ardagh Metal Packaging by 161.0% in the 4th quarter. CenterBook Partners LP now owns 2,370,730 shares of the company’s stock worth $7,136,000 after buying an additional 1,462,548 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Ardagh Metal Packaging by 205.1% in the 4th quarter. JPMorgan Chase & Co. now owns 600,917 shares of the company’s stock valued at $1,809,000 after buying an additional 403,938 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Ardagh Metal Packaging by 324.1% during the fourth quarter. Russell Investments Group Ltd. now owns 522,040 shares of the company’s stock valued at $1,571,000 after acquiring an additional 398,951 shares in the last quarter. Finally, Solas Capital Management LLC increased its position in shares of Ardagh Metal Packaging by 10.9% during the fourth quarter. Solas Capital Management LLC now owns 3,361,378 shares of the company’s stock worth $10,118,000 after acquiring an additional 330,000 shares during the last quarter. Hedge funds and other institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Price Performance

AMBP stock opened at $3.65 on Friday. The firm has a fifty day moving average price of $2.95 and a two-hundred day moving average price of $3.12. Ardagh Metal Packaging S.A. has a 1-year low of $2.50 and a 1-year high of $4.26. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of -30.41, a PEG ratio of 0.54 and a beta of 0.54.

Ardagh Metal Packaging (NYSE:AMBP) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 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 firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the business earned $0.01 earnings per share. Ardagh Metal Packaging’s quarterly revenue was up 11.1% on a year-over-year basis. As a group, analysts expect that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, May 5th. This represents a $0.40 dividend on an annualized basis and a yield of 10.96%. Ardagh Metal Packaging’s dividend payout ratio is currently -1,000.00%.

Wall Street Analyst Weigh In

AMBP has been the subject of a number of recent analyst reports. 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 research note on Thursday, January 16th. Citigroup dropped 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 note on Monday, January 6th. Morgan Stanley upgraded shares of Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and reduced their price objective for the company from $3.60 to $3.10 in a research note on Monday, January 13th. Finally, UBS Group dropped their target price on shares of Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating for the company in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $3.44.

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.