Ardagh Metal Packaging S.A. (NYSE:AMBP) Shares Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. grew its position in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 37.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,778,166 shares of the company’s stock after purchasing an additional 489,146 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.30% of Ardagh Metal Packaging worth $6,704,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. King Street Capital Management L.P. purchased a new stake in shares of Ardagh Metal Packaging in the 2nd quarter valued at $14,790,000. Vanguard Group Inc. increased its stake in Ardagh Metal Packaging by 11.1% during the first quarter. Vanguard Group Inc. now owns 1,065,659 shares of the company’s stock worth $3,655,000 after purchasing an additional 106,206 shares during the period. Renaissance Technologies LLC lifted its position in shares of Ardagh Metal Packaging by 48.7% during the second quarter. Renaissance Technologies LLC now owns 1,325,132 shares of the company’s stock worth $4,505,000 after purchasing an additional 433,700 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Ardagh Metal Packaging by 422.4% in the second quarter. AQR Capital Management LLC now owns 319,165 shares of the company’s stock valued at $1,085,000 after purchasing an additional 258,067 shares during the period. Finally, Signaturefd LLC grew its holdings in shares of Ardagh Metal Packaging by 23.1% in the third quarter. Signaturefd LLC now owns 18,739 shares of the company’s stock valued at $71,000 after purchasing an additional 3,515 shares in the last quarter. 16.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AMBP. Citigroup raised their price target on shares of Ardagh Metal Packaging from $4.00 to $4.50 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Bank of America raised Ardagh Metal Packaging from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $3.80 to $5.10 in a research note on Thursday, October 17th. Finally, Wells Fargo & Company upgraded Ardagh Metal Packaging from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $4.25 to $5.00 in a report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $4.08.

Ardagh Metal Packaging Stock Down 3.5 %

Shares of NYSE:AMBP opened at $3.48 on Friday. The firm has a 50 day simple moving average of $3.77 and a 200-day simple moving average of $3.66. Ardagh Metal Packaging S.A. has a twelve month low of $3.16 and a twelve month high of $4.26. The company has a current ratio of 1.17, a quick ratio of 0.88 and a debt-to-equity ratio of 124.21. The company has a market capitalization of $2.08 billion, a PE ratio of -29.00, a P/E/G ratio of 0.91 and a beta of 0.61.

Ardagh Metal Packaging (NYSE:AMBP) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 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 $1.31 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the company earned $0.06 earnings per share. Ardagh Metal Packaging’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities analysts predict that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 11.49%. Ardagh Metal Packaging’s dividend payout ratio (DPR) is presently -333.33%.

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.