Moore Capital Management LP Acquires 50,000 Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP)

Moore Capital Management LP lifted its holdings in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 100.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,000 shares of the company’s stock after purchasing an additional 50,000 shares during the period. Moore Capital Management LP’s holdings in Ardagh Metal Packaging were worth $301,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AMBP. Larson Financial Group LLC bought a new position in shares of Ardagh Metal Packaging during the 4th quarter worth approximately $30,000. Tower Research Capital LLC TRC lifted its position in shares of Ardagh Metal Packaging by 292.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,975 shares of the company’s stock valued at $33,000 after acquiring an additional 8,180 shares during the period. Cibc World Markets Corp bought a new position in Ardagh Metal Packaging during the fourth quarter worth $41,000. Xponance Inc. acquired a new stake in Ardagh Metal Packaging in the fourth quarter worth $41,000. Finally, Aigen Investment Management LP bought a new stake in Ardagh Metal Packaging in the fourth quarter valued at $42,000. Institutional investors and hedge funds own 16.93% of the company’s stock.

Ardagh Metal Packaging Stock Down 0.8%

Shares of NYSE:AMBP opened at $3.80 on Wednesday. The stock’s 50 day moving average is $3.07 and its 200-day moving average is $3.10. Ardagh Metal Packaging S.A. has a twelve month low of $2.50 and a twelve month high of $4.26. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of -31.66, a PEG ratio of 0.54 and a beta of 0.51.

Ardagh Metal Packaging (NYSE:AMBP) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.17 billion. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the firm earned $0.01 earnings per share. Equities research analysts anticipate 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 declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be given a $0.10 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $0.40 annualized dividend and a yield of 10.53%. Ardagh Metal Packaging’s payout ratio is -1,000.00%.

Analyst Ratings Changes

Separately, Wells Fargo & Company reissued an “equal weight” rating and set a $3.35 price objective (down previously from $3.60) on shares of Ardagh Metal Packaging in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Ardagh Metal Packaging presently has a consensus rating of “Hold” and a consensus price target of $3.44.

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.