Arini Captial Management Ltd Purchases Shares of 11,246,170 Ardagh Metal Packaging S.A. $AMBP

Arini Captial Management Ltd purchased a new stake in Ardagh Metal Packaging S.A. (NYSE:AMBP) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 11,246,170 shares of the company’s stock, valued at approximately $46,109,000. Ardagh Metal Packaging comprises approximately 30.7% of Arini Captial Management Ltd’s portfolio, making the stock its 2nd biggest position. Arini Captial Management Ltd owned 1.88% of Ardagh Metal Packaging as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new stake in shares of Ardagh Metal Packaging during the fourth quarter worth $33,000. Pallas Capital Advisors LLC acquired a new stake in shares of Ardagh Metal Packaging during the fourth quarter worth $42,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Ardagh Metal Packaging during the first quarter worth $43,000. Caitong International Asset Management Co. Ltd raised its position in shares of Ardagh Metal Packaging by 13,495.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 10,876 shares of the company’s stock worth $45,000 after purchasing an additional 10,796 shares during the period. Finally, Guardian Capital LP acquired a new stake in shares of Ardagh Metal Packaging during the third quarter worth $46,000. 16.93% of the stock is owned by institutional investors and hedge funds.

Ardagh Metal Packaging Stock Performance

NYSE AMBP opened at $4.33 on Thursday. Ardagh Metal Packaging S.A. has a twelve month low of $3.29 and a twelve month high of $5.03. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 0.93 and a beta of 0.55. The firm’s 50 day moving average price is $4.04 and its two-hundred day moving average price is $4.21.

Ardagh Metal Packaging (NYSE:AMBP) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $0.05 earnings per share for the quarter. Ardagh Metal Packaging had a net margin of 0.19% and a negative return on equity of 31.14%. The firm had revenue of $1.50 billion for the quarter. On average, research analysts forecast that Ardagh Metal Packaging S.A. will post 0.25 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 9.2%. The ex-dividend date is Thursday, June 11th.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AMBP shares. Wells Fargo & Company cut their target price on Ardagh Metal Packaging from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Friday, March 20th. Weiss Ratings raised Ardagh Metal Packaging from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 29th. UBS Group cut their target price on Ardagh Metal Packaging from $4.75 to $4.25 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Finally, Citigroup cut their target price on Ardagh Metal Packaging from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. One analyst has rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Ardagh Metal Packaging currently has a consensus rating of “Hold” and a consensus price target of $4.51.

Ardagh Metal Packaging Profile

Ardagh Metal Packaging (NYSE: AMBP) is a global supplier of metal packaging solutions, specializing in the production of steel and aluminum beverage cans, food cans and ends. As a segment of the Ardagh Group, the company supports a broad range of food and beverage customers, including soft drink and craft beer producers, as well as food manufacturers requiring durable, recyclable packaging. Its product portfolio encompasses two‐piece and three‐piece cans, a variety of can ends and closures, and value‐added services such as custom lithography and decorating.

The company operates a network of manufacturing plants across North America and Europe, serving both regional and multinational clients.