Ardagh Metal Packaging S.A. (NYSE:AMBP) Shares Sold by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd reduced its stake in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 12.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 418,730 shares of the company’s stock after selling 59,228 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd owned approximately 0.07% of Ardagh Metal Packaging worth $1,260,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Larson Financial Group LLC purchased a new stake in Ardagh Metal Packaging during the 4th quarter worth about $30,000. Cibc World Markets Corp purchased a new stake in shares of Ardagh Metal Packaging during the fourth quarter worth approximately $41,000. Xponance Inc. purchased a new stake in shares of Ardagh Metal Packaging during the fourth quarter worth approximately $41,000. Aigen Investment Management LP acquired a new stake in Ardagh Metal Packaging in the fourth quarter valued at approximately $42,000. Finally, Fidelis Capital Partners LLC lifted its stake in Ardagh Metal Packaging by 52.9% in the fourth quarter. Fidelis Capital Partners LLC now owns 26,781 shares of the company’s stock worth $81,000 after acquiring an additional 9,266 shares during the last quarter. 16.93% of the stock is currently owned by hedge funds and other institutional investors.

Ardagh Metal Packaging Price Performance

AMBP stock opened at $2.99 on Friday. The company has a market cap of $1.78 billion, a price-to-earnings ratio of -24.87, a price-to-earnings-growth ratio of 0.54 and a beta of 0.63. The company has a fifty day moving average price of $2.79 and a 200 day moving average price of $3.26. Ardagh Metal Packaging S.A. has a 12 month low of $2.50 and a 12 month high of $4.26.

Ardagh Metal Packaging (NYSE:AMBP) last announced its 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 business 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%. As a group, analysts anticipate that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 13.40%. The ex-dividend date was Thursday, March 13th. Ardagh Metal Packaging’s payout ratio is currently -800.00%.

Analysts Set New Price Targets

A number of equities research analysts have commented on AMBP shares. Morgan Stanley raised shares of Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and dropped their price objective for the company from $3.60 to $3.10 in a research report on Monday, January 13th. Wells Fargo & Company restated an “equal weight” rating and issued a $3.35 price target (down from $3.60) on shares of Ardagh Metal Packaging in a research note on Thursday, January 16th. UBS Group decreased their price target on Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating for the company in a report on Friday, January 10th. Bank of America downgraded Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and dropped their price objective for the company from $4.90 to $4.00 in a report on Wednesday, December 11th. Finally, Citigroup reduced their price objective on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating for the company in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $3.44.

About Ardagh Metal Packaging

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.