Crescent Park Management L.P. lifted its stake in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP – Free Report) by 1.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 210,771 shares of the company’s stock after buying an additional 3,902 shares during the period. Ardagh Metal Packaging comprises approximately 0.2% of Crescent Park Management L.P.’s investment portfolio, making the stock its 26th biggest position. Crescent Park Management L.P.’s holdings in Ardagh Metal Packaging were worth $792,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of the company. Canyon Capital Advisors LLC increased its holdings in Ardagh Metal Packaging by 69.0% in the 1st quarter. Canyon Capital Advisors LLC now owns 10,154,743 shares of the company’s stock worth $41,431,000 after purchasing an additional 4,146,893 shares in the last quarter. Bank of America Corp DE increased its holdings in Ardagh Metal Packaging by 1,382.5% in the 4th quarter. Bank of America Corp DE now owns 4,682,134 shares of the company’s stock worth $22,521,000 after purchasing an additional 4,366,315 shares in the last quarter. Private Management Group Inc. increased its holdings in Ardagh Metal Packaging by 6.2% in the 1st quarter. Private Management Group Inc. now owns 4,242,635 shares of the company’s stock worth $17,310,000 after purchasing an additional 247,274 shares in the last quarter. Boundary Creek Advisors LP increased its holdings in Ardagh Metal Packaging by 30.2% in the 1st quarter. Boundary Creek Advisors LP now owns 3,313,360 shares of the company’s stock worth $13,519,000 after purchasing an additional 768,656 shares in the last quarter. Finally, Squarepoint Ops LLC increased its holdings in Ardagh Metal Packaging by 15.9% in the 4th quarter. Squarepoint Ops LLC now owns 3,227,644 shares of the company’s stock worth $15,525,000 after purchasing an additional 443,884 shares in the last quarter. 17.33% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several brokerages have recently weighed in on AMBP. Barclays decreased their price target on Ardagh Metal Packaging from $5.00 to $4.00 and set an “overweight” rating for the company in a research note on Monday, October 30th. Citigroup decreased their price target on Ardagh Metal Packaging from $5.00 to $4.00 in a research note on Tuesday, October 10th. Finally, Wells Fargo & Company decreased their price target on Ardagh Metal Packaging from $3.70 to $2.90 and set an “equal weight” rating for the company in a research note on Thursday, October 19th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $4.63.
Ardagh Metal Packaging Trading Up 0.3 %
Shares of Ardagh Metal Packaging stock traded up $0.01 on Tuesday, hitting $3.81. 336,483 shares of the company’s stock traded hands, compared to its average volume of 1,470,607. Ardagh Metal Packaging S.A. has a one year low of $2.57 and a one year high of $5.90. The company has a debt-to-equity ratio of 14.96, a current ratio of 1.13 and a quick ratio of 0.79. The company has a fifty day moving average of $3.18 and a two-hundred day moving average of $3.47. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 5.88 and a beta of 0.67.
Ardagh Metal Packaging (NYSE:AMBP – Get Free Report) last announced its earnings results on Thursday, October 26th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. Ardagh Metal Packaging had a return on equity of 35.93% and a net margin of 0.38%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the prior year, the company earned $0.06 EPS. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, sell-side analysts expect that Ardagh Metal Packaging S.A. will post 0.15 earnings per share for the current year.
Ardagh Metal Packaging Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.40 annualized dividend and a yield of 10.50%. Ardagh Metal Packaging’s payout ratio is currently 173.91%.
About Ardagh Metal Packaging
Ardagh Metal Packaging SA, together with its subsidiaries, supplies 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.
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