Counterpoint Mutual Funds LLC Makes New Investment in Ardagh Metal Packaging S.A. (NYSE:AMBP)

Counterpoint Mutual Funds LLC bought a new position in Ardagh Metal Packaging S.A. (NYSE:AMBP) during the 4th quarter, Holdings Channel reports. The institutional investor bought 95,027 shares of the company’s stock, valued at approximately $286,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Citigroup Inc. boosted its holdings in 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 acquiring an additional 5,072,769 shares in the last quarter. Geode Capital Management LLC boosted its holdings in 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 in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Ardagh Metal Packaging by 37.9% in 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 in the last quarter. Nordwand Advisors LLC boosted its holdings in Ardagh Metal Packaging by 3.6% in the fourth quarter. Nordwand Advisors LLC now owns 754,987 shares of the company’s stock worth $2,273,000 after acquiring an additional 26,000 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its holdings in Ardagh Metal Packaging by 99.5% in the third quarter. Point72 Asset Management L.P. now owns 284,375 shares of the company’s stock worth $1,072,000 after acquiring an additional 141,850 shares in the last quarter. 16.93% of the stock is owned by institutional investors.

Ardagh Metal Packaging Stock Performance

AMBP stock opened at $2.98 on Wednesday. Ardagh Metal Packaging S.A. has a fifty-two week low of $2.50 and a fifty-two week high of $4.26. The business’s 50-day moving average is $2.76 and its two-hundred day moving average is $3.28. The company has a market cap of $1.78 billion, a price-to-earnings ratio of -24.79, a P/E/G ratio of 0.54 and a beta of 0.63.

Ardagh Metal Packaging (NYSE:AMBP) last posted its earnings results on Thursday, February 27th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 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 $1.20 billion for the quarter, compared to the consensus estimate of $1.14 billion. Equities analysts predict that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 13.45%. The ex-dividend date of this dividend is Thursday, March 13th. Ardagh Metal Packaging’s dividend payout ratio is -800.00%.

Analysts Set New Price Targets

Several research firms have commented on AMBP. UBS Group dropped their target price 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. Citigroup lowered their price target on Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Bank of America downgraded Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and lowered their price target for the company from $4.90 to $4.00 in a report on Wednesday, December 11th. Morgan Stanley raised Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and lowered their price target for the company from $3.60 to $3.10 in a report on Monday, January 13th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $3.35 price target (down from $3.60) on shares of Ardagh Metal Packaging in a report on Thursday, January 16th. One investment 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $3.44.

Ardagh Metal Packaging Company 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.