Point72 Asset Management L.P. Lowers Holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP)

Point72 Asset Management L.P. trimmed its holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 5.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 267,776 shares of the company’s stock after selling 16,599 shares during the period. Point72 Asset Management L.P.’s holdings in Ardagh Metal Packaging were worth $806,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Marshall Wace LLP lifted its stake in Ardagh Metal Packaging by 2.4% during the fourth quarter. Marshall Wace LLP now owns 171,277 shares of the company’s stock worth $516,000 after purchasing an additional 3,970 shares in the last quarter. Dakota Wealth Management lifted its stake in Ardagh Metal Packaging by 2.8% during the fourth quarter. Dakota Wealth Management now owns 146,682 shares of the company’s stock worth $442,000 after purchasing an additional 4,030 shares in the last quarter. EP Wealth Advisors LLC lifted its stake in Ardagh Metal Packaging by 9.5% during the fourth quarter. EP Wealth Advisors LLC now owns 54,647 shares of the company’s stock worth $164,000 after purchasing an additional 4,731 shares in the last quarter. Gabelli Funds LLC lifted its stake in Ardagh Metal Packaging by 3.7% during the fourth quarter. Gabelli Funds LLC now owns 139,000 shares of the company’s stock worth $418,000 after purchasing an additional 5,000 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its stake in Ardagh Metal Packaging by 6.1% during the fourth quarter. MetLife Investment Management LLC now owns 90,709 shares of the company’s stock worth $273,000 after purchasing an additional 5,218 shares in the last quarter. 16.93% of the stock is currently owned by hedge funds and other institutional investors.

Ardagh Metal Packaging Stock Up 2.1%

NYSE:AMBP opened at $3.86 on Friday. The stock’s fifty day moving average is $3.21 and its two-hundred day moving average is $3.11. Ardagh Metal Packaging S.A. has a 52 week low of $2.50 and a 52 week high of $4.26. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of -32.16, a price-to-earnings-growth ratio of 0.54 and a beta of 0.51.

Ardagh Metal Packaging (NYSE:AMBP) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the firm earned $0.01 earnings per share. The firm’s revenue was up 11.1% compared to the same quarter last year. On average, sell-side 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 was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 10.36%. The ex-dividend date of this dividend was Monday, May 5th. Ardagh Metal Packaging’s payout ratio is currently -1,000.00%.

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.