Ardagh Metal Packaging S.A. (NYSE:AMBP) Shares Sold by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC trimmed its holdings in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,782,782 shares of the company’s stock after selling 14,469 shares during the period. Gilman Hill Asset Management LLC owned approximately 0.30% of Ardagh Metal Packaging worth $5,366,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Ballentine Partners LLC acquired a new stake in shares of Ardagh Metal Packaging in the 3rd quarter worth approximately $42,000. nVerses Capital LLC boosted its stake in Ardagh Metal Packaging by 70.4% during the 3rd quarter. nVerses Capital LLC now owns 12,100 shares of the company’s stock valued at $46,000 after purchasing an additional 5,000 shares in the last quarter. Quarry LP acquired a new position in shares of Ardagh Metal Packaging during the 2nd quarter valued at $45,000. Signaturefd LLC raised its stake in shares of Ardagh Metal Packaging by 23.1% in the 3rd quarter. Signaturefd LLC now owns 18,739 shares of the company’s stock worth $71,000 after buying an additional 3,515 shares in the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of Ardagh Metal Packaging by 106.7% in the third quarter. HighTower Advisors LLC now owns 32,524 shares of the company’s stock valued at $122,000 after buying an additional 16,786 shares during the period. 16.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Morgan Stanley raised shares of Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and cut their price target for the company from $3.60 to $3.10 in a report on Monday, January 13th. Citigroup decreased their price target on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. UBS Group dropped 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 shares of Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and lowered their price objective for the stock from $4.90 to $4.00 in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $3.35 target price (down previously from $3.60) on shares of Ardagh Metal Packaging in a report on Thursday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $3.37.

Ardagh Metal Packaging Stock Up 0.2 %

Ardagh Metal Packaging stock opened at $2.80 on Monday. Ardagh Metal Packaging S.A. has a 12 month low of $2.66 and a 12 month high of $4.26. The company’s fifty day simple moving average is $3.26 and its 200-day simple moving average is $3.50. The stock has a market cap of $1.67 billion, a P/E ratio of -23.29, a P/E/G ratio of 0.50 and a beta of 0.65.

Ardagh Metal Packaging (NYSE:AMBP) last issued its earnings results on Thursday, October 24th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.01. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.34 billion. Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 EPS. On average, equities research analysts expect that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 14.31%. The ex-dividend date was Thursday, December 5th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is presently -333.31%.

Ardagh Metal Packaging 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.