Ardagh Metal Packaging S.A. (NYSE:AMBP) Shares Bought by Gabelli Funds LLC

Gabelli Funds LLC raised its stake in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 139,000 shares of the company’s stock after buying an additional 5,000 shares during the period. Gabelli Funds LLC’s holdings in Ardagh Metal Packaging were worth $418,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMBP. Larson Financial Group LLC acquired a new position in Ardagh Metal Packaging during the fourth quarter worth about $30,000. Xponance Inc. purchased a new stake in Ardagh Metal Packaging in the 4th quarter valued at approximately $41,000. Cibc World Markets Corp acquired a new stake in Ardagh Metal Packaging during the 4th quarter valued at $41,000. Aigen Investment Management LP purchased a new position in Ardagh Metal Packaging during the fourth quarter worth $42,000. Finally, Franklin Resources Inc. purchased a new stake in shares of Ardagh Metal Packaging in the fourth quarter valued at $50,000. 16.93% of the stock is currently owned by institutional investors and hedge funds.

Ardagh Metal Packaging Price Performance

Shares of NYSE AMBP opened at $2.70 on Monday. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of -22.46, a PEG ratio of 0.54 and a beta of 0.54. Ardagh Metal Packaging S.A. has a 1-year low of $2.50 and a 1-year high of $4.26. The business has a 50-day moving average of $2.81 and a 200-day moving average of $3.14.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.14 billion. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. Research analysts expect 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 declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 14.84%. The ex-dividend date of this dividend was Thursday, March 13th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is -800.00%.

Analysts Set New Price Targets

AMBP has been the subject of several analyst reports. Wells Fargo & Company reissued an “equal weight” rating and issued a $3.35 target price (down previously from $3.60) on shares of Ardagh Metal Packaging in a research note on Thursday, January 16th. UBS Group reduced their price objective on shares of Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Morgan Stanley upgraded 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, Citigroup dropped their price objective on Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating for the company in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.