Massachusetts Financial Services Co. MA Sells 90,803 Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP)

Massachusetts Financial Services Co. MA lowered its stake in shares of Ardagh Metal Packaging S.A. (NYSE:AMBPFree Report) by 1.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 6,266,653 shares of the company’s stock after selling 90,803 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Ardagh Metal Packaging were worth $19,615,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Canyon Capital Advisors LLC lifted its position in shares of Ardagh Metal Packaging by 69.0% during the 1st quarter. Canyon Capital Advisors LLC now owns 10,154,743 shares of the company’s stock worth $41,431,000 after buying an additional 4,146,893 shares in the last quarter. Private Management Group Inc. lifted its position in shares of Ardagh Metal Packaging by 1.3% during the 3rd quarter. Private Management Group Inc. now owns 5,171,319 shares of the company’s stock worth $16,186,000 after buying an additional 67,860 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Ardagh Metal Packaging by 1,382.5% during the 4th quarter. Bank of America Corp DE now owns 4,682,134 shares of the company’s stock worth $22,521,000 after buying an additional 4,366,315 shares in the last quarter. BlackRock Inc. lifted its position in shares of Ardagh Metal Packaging by 17.3% during the 2nd quarter. BlackRock Inc. now owns 4,002,117 shares of the company’s stock worth $15,048,000 after buying an additional 591,427 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its position in shares of Ardagh Metal Packaging by 15.9% during the 4th quarter. Squarepoint Ops LLC now owns 3,227,644 shares of the company’s stock worth $15,525,000 after buying an additional 443,884 shares in the last quarter. Institutional investors own 17.33% of the company’s stock.

Ardagh Metal Packaging Trading Down 0.5 %

Shares of AMBP stock opened at $3.64 on Friday. The company’s fifty day simple moving average is $3.78 and its two-hundred day simple moving average is $3.52. The company has a debt-to-equity ratio of 14.96, a current ratio of 1.13 and a quick ratio of 0.79. Ardagh Metal Packaging S.A. has a 1 year low of $2.57 and a 1 year high of $5.70. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 3.62 and a beta of 0.78.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wells Fargo & Company dropped their target price on shares of Ardagh Metal Packaging from $3.70 to $2.90 and set an “equal weight” rating on the stock in a research report on Thursday, October 19th. Truist Financial reaffirmed a “hold” rating and issued a $4.00 price target on shares of Ardagh Metal Packaging in a report on Tuesday, December 5th. UBS Group assumed coverage on shares of Ardagh Metal Packaging in a report on Tuesday, January 16th. They issued a “buy” rating and a $5.00 price target on the stock. Finally, Barclays cut shares of Ardagh Metal Packaging from an “overweight” rating to an “equal weight” rating and set a $4.00 price target on the stock. in a report on Monday, January 8th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $4.68.

View Our Latest Research Report on Ardagh Metal Packaging

Ardagh Metal Packaging Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding AMBP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ardagh Metal Packaging S.A. (NYSE:AMBPFree Report).

Institutional Ownership by Quarter for Ardagh Metal Packaging (NYSE:AMBP)

Receive News & Ratings for Ardagh Metal Packaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ardagh Metal Packaging and related companies with MarketBeat.com's FREE daily email newsletter.