95,027 Shares in Ardagh Metal Packaging S.A. (NYSE:AMBP) Acquired by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC bought a new position in Ardagh Metal Packaging S.A. (NYSE:AMBP) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 95,027 shares of the company’s stock, valued at approximately $286,000.

Other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC bought a new stake in Ardagh Metal Packaging in the 4th quarter worth approximately $30,000. Cibc World Markets Corp purchased a new position in Ardagh Metal Packaging in the 4th quarter worth approximately $41,000. Aigen Investment Management LP purchased a new position in Ardagh Metal Packaging in the 4th quarter worth approximately $42,000. Fidelis Capital Partners LLC increased its stake in Ardagh Metal Packaging by 52.9% in the 4th quarter. Fidelis Capital Partners LLC now owns 26,781 shares of the company’s stock worth $81,000 after purchasing an additional 9,266 shares during the period. Finally, HighTower Advisors LLC increased its stake in Ardagh Metal Packaging by 106.7% in the 3rd quarter. HighTower Advisors LLC now owns 32,524 shares of the company’s stock worth $122,000 after purchasing an additional 16,786 shares during the period. Institutional investors own 16.93% of the company’s stock.

Wall Street Analyst Weigh In

AMBP has been the topic of a number of analyst reports. UBS Group decreased their price target on 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. Bank of America cut Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $4.90 to $4.00 in a research note on Wednesday, December 11th. Morgan Stanley raised Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and reduced their target price for the company from $3.60 to $3.10 in a research note on Monday, January 13th. Citigroup reduced their target price on 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. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $3.35 target price (down from $3.60) on shares of Ardagh Metal Packaging in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $3.44.

Ardagh Metal Packaging Stock Performance

AMBP opened at $2.98 on Wednesday. Ardagh Metal Packaging S.A. has a 52-week low of $2.50 and a 52-week high of $4.26. The stock has a market capitalization of $1.78 billion, a PE ratio of -24.79, a price-to-earnings-growth ratio of 0.54 and a beta of 0.63. The stock’s 50 day moving average price is $2.76 and its 200-day moving average price is $3.28.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%. Research analysts forecast 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 will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.40 annualized dividend and a yield of 13.45%. Ardagh Metal Packaging’s payout ratio is -800.00%.

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.