Mountaineer Partners Management LLC Has $5.44 Million Stock Holdings in Ardagh Metal Packaging S.A. $AMBP

Mountaineer Partners Management LLC lessened its position in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 38.9% during the second quarter, Holdings Channel reports. The fund owned 1,148,027 shares of the company’s stock after selling 730,055 shares during the quarter. Ardagh Metal Packaging comprises approximately 100.0% of Mountaineer Partners Management LLC’s investment portfolio, making the stock its largest position. Mountaineer Partners Management LLC’s holdings in Ardagh Metal Packaging were worth $5,442,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AMBP. Optiver Holding B.V. boosted its stake in Ardagh Metal Packaging by 540.2% during the 1st quarter. Optiver Holding B.V. now owns 7,145 shares of the company’s stock valued at $29,000 after purchasing an additional 6,029 shares during the period. Kestra Advisory Services LLC bought a new position in Ardagh Metal Packaging in the 4th quarter worth about $33,000. Abel Hall LLC acquired a new stake in shares of Ardagh Metal Packaging in the first quarter valued at approximately $42,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Ardagh Metal Packaging in the first quarter valued at approximately $43,000. Finally, Nations Financial Group Inc. IA ADV acquired a new stake in shares of Ardagh Metal Packaging in the first quarter valued at approximately $44,000. 16.93% of the stock is currently owned by institutional investors.

Ardagh Metal Packaging Trading Down 0.2%

Ardagh Metal Packaging stock opened at $5.07 on Wednesday. Ardagh Metal Packaging S.A. has a 52 week low of $3.29 and a 52 week high of $5.47. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 84.51, a PEG ratio of 0.93 and a beta of 0.51. The company’s 50-day moving average price is $4.88 and its two-hundred day moving average price is $4.44.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.57 billion. Ardagh Metal Packaging had a net margin of 0.68% and a negative return on equity of 27.93%. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.08 EPS. Research analysts expect that Ardagh Metal Packaging S.A. will post 0.28 earnings per share for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.40 annualized dividend and a yield of 7.9%. Ardagh Metal Packaging’s payout ratio is presently 666.67%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AMBP shares. Wall Street Zen downgraded Ardagh Metal Packaging from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Wells Fargo & Company raised their target price on Ardagh Metal Packaging from $4.00 to $5.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 15th. Citigroup reaffirmed a “buy” rating on shares of Ardagh Metal Packaging in a research note on Friday, July 24th. UBS Group boosted their price target on Ardagh Metal Packaging from $4.75 to $5.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Finally, Weiss Ratings raised Ardagh Metal Packaging from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Ardagh Metal Packaging currently has an average rating of “Hold” and a consensus target price of $4.92.

About Ardagh Metal Packaging

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.