Counterpoint Mutual Funds LLC Takes Position in Ardagh Metal Packaging S.A. $AMBP

Counterpoint Mutual Funds LLC bought a new position in Ardagh Metal Packaging S.A. (NYSE:AMBP) during the 1st quarter, HoldingsChannel reports. The fund bought 136,732 shares of the company’s stock, valued at approximately $554,000.

A number of other hedge funds have also made changes to their positions in the company. Kestra Advisory Services LLC acquired a new stake in shares of Ardagh Metal Packaging during the 4th quarter worth about $33,000. Pallas Capital Advisors LLC acquired a new position in Ardagh Metal Packaging in the fourth quarter valued at about $42,000. Caitong International Asset Management Co. Ltd grew its stake in 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 buying an additional 10,796 shares during the last quarter. Captrust Financial Advisors bought a new stake in Ardagh Metal Packaging during the second quarter worth about $47,000. Finally, Nations Financial Group Inc. IA ADV bought a new stake in Ardagh Metal Packaging during the first quarter worth about $44,000. Institutional investors and hedge funds own 16.93% of the company’s stock.

Ardagh Metal Packaging Stock Down 0.1%

Shares of NYSE AMBP opened at $4.83 on Friday. Ardagh Metal Packaging S.A. has a 12-month low of $3.29 and a 12-month high of $5.03. The firm’s 50-day simple moving average is $4.16 and its 200 day simple moving average is $4.27. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 1.03 and a beta of 0.51.

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 during the quarter. On average, equities analysts expect that Ardagh Metal Packaging S.A. will post 0.25 earnings per share for the current year.

Ardagh Metal Packaging Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 8.3%. The ex-dividend date of this dividend was Thursday, June 11th.

Analysts Set New Price Targets

AMBP has been the subject of a number of research analyst reports. Citigroup cut their target price on shares of Ardagh Metal Packaging from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, April 24th. Weiss Ratings upgraded Ardagh Metal Packaging from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 29th. UBS Group dropped their price target on Ardagh Metal Packaging from $4.75 to $4.25 and set a “neutral” rating for the company in a report on Friday, April 10th. Finally, Wells Fargo & Company cut their price objective on Ardagh Metal Packaging from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Friday, March 20th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $4.51.

Ardagh Metal Packaging Company 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.