Ardagh Metal Packaging S.A. (NYSE:AMBP) Short Interest Update

Ardagh Metal Packaging S.A. (NYSE:AMBP) was the recipient of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 4,300,000 shares, a drop of 17.8% from the March 15th total of 5,230,000 shares. Approximately 3.1% of the company’s shares are short sold. Based on an average daily volume of 1,610,000 shares, the days-to-cover ratio is currently 2.7 days.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. UBS Group cut their target price on shares of Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $3.35 price objective (down from $3.60) on shares of Ardagh Metal Packaging in a research note on Thursday, January 16th. Morgan Stanley raised Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and decreased their price objective for the stock from $3.60 to $3.10 in a research note on Monday, January 13th. Finally, Citigroup decreased 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 report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ardagh Metal Packaging has an average rating of “Hold” and an average price target of $3.44.

Ardagh Metal Packaging Stock Performance

NYSE AMBP traded up $0.06 during trading hours on Friday, reaching $2.70. 1,253,790 shares of the company’s stock were exchanged, compared to its average volume of 1,473,214. Ardagh Metal Packaging has a one year low of $2.50 and a one year high of $4.26. The company’s 50-day moving average is $2.81 and its two-hundred day moving average is $3.15. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of -22.46, a price-to-earnings-growth ratio of 0.54 and a beta of 0.54.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates 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 predict that Ardagh Metal Packaging will post 0.16 earnings per share 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. Stockholders of record on Thursday, March 13th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 14.84%. Ardagh Metal Packaging’s dividend payout ratio (DPR) is -800.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AMBP. Larson Financial Group LLC acquired a new position in shares of Ardagh Metal Packaging during the 4th quarter worth about $30,000. Tower Research Capital LLC TRC grew its stake in Ardagh Metal Packaging by 292.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,975 shares of the company’s stock valued at $33,000 after purchasing an additional 8,180 shares in the last quarter. Cibc World Markets Corp acquired a new position in shares of Ardagh Metal Packaging during the 4th quarter worth approximately $41,000. Xponance Inc. bought a new stake in shares of Ardagh Metal Packaging during the 4th quarter worth approximately $41,000. Finally, Aigen Investment Management LP acquired a new stake in shares of Ardagh Metal Packaging in the 4th quarter valued at approximately $42,000. 16.93% of the stock is currently owned by institutional investors.

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.