Gilman Hill Asset Management LLC Has $5.37 Million Stake in Ardagh Metal Packaging S.A. (NYSE:AMBP)

Gilman Hill Asset Management LLC reduced its stake in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 0.8% in the 4th quarter, Holdings Channel reports. The firm owned 1,782,782 shares of the company’s stock after selling 14,469 shares during the period. Gilman Hill Asset Management LLC’s holdings in Ardagh Metal Packaging were worth $5,366,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Citigroup Inc. increased its stake in shares of Ardagh Metal Packaging by 15,834.1% in the third quarter. Citigroup Inc. now owns 5,104,806 shares of the company’s stock worth $19,245,000 after purchasing an additional 5,072,769 shares during the period. King Street Capital Management L.P. acquired a new position in shares of Ardagh Metal Packaging during the second quarter worth approximately $14,790,000. Squarepoint Ops LLC boosted its position in shares of Ardagh Metal Packaging by 523.8% in the second quarter. Squarepoint Ops LLC now owns 2,914,124 shares of the company’s stock valued at $10,568,000 after acquiring an additional 2,446,997 shares during the period. Geode Capital Management LLC grew its stake in shares of Ardagh Metal Packaging by 0.7% in the third quarter. Geode Capital Management LLC now owns 1,784,882 shares of the company’s stock worth $6,729,000 after acquiring an additional 11,963 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in Ardagh Metal Packaging by 37.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,778,166 shares of the company’s stock worth $6,704,000 after acquiring an additional 489,146 shares during the period. Institutional investors own 16.93% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Wells Fargo & Company reissued an “equal weight” rating and issued a $3.35 price target (down from $3.60) on shares of Ardagh Metal Packaging in a report on Thursday. Bank of America cut Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and cut their price target for the company from $4.90 to $4.00 in a report on Wednesday, December 11th. UBS Group decreased their price objective on Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating on the stock in a report on Friday, January 10th. Morgan Stanley upgraded Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and cut their target price for the company from $3.60 to $3.10 in a research note on Monday, January 13th. Finally, Citigroup decreased their price target on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $3.37.

Ardagh Metal Packaging Price Performance

Ardagh Metal Packaging stock opened at $2.80 on Monday. The business has a 50 day simple moving average of $3.26 and a 200 day simple moving average of $3.50. The company has a market capitalization of $1.67 billion, a PE ratio of -23.29, a price-to-earnings-growth ratio of 0.50 and a beta of 0.65. Ardagh Metal Packaging S.A. has a one year low of $2.66 and a one year high of $4.26.

Ardagh Metal Packaging (NYSE:AMBP) last issued its earnings results on Thursday, October 24th. The company reported $0.08 EPS for the quarter, beating the consensus estimate 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 company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the company earned $0.06 EPS. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. Equities analysts anticipate that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 14.31%. The ex-dividend date of this dividend was Thursday, December 5th. Ardagh Metal Packaging’s payout ratio is -333.31%.

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.