Ardagh Metal Packaging S.A. (NYSE:AMBP – Get Rating) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 5,770,000 shares, a growth of 46.4% from the November 30th total of 3,940,000 shares. Currently, 3.9% of the shares of the company are short sold. Based on an average daily trading volume, of 1,670,000 shares, the short-interest ratio is presently 3.5 days.
Hedge Funds Weigh In On Ardagh Metal Packaging
Hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG boosted its holdings in shares of Ardagh Metal Packaging by 43.1% in the 2nd quarter. UBS Group AG now owns 6,028 shares of the company’s stock valued at $37,000 after purchasing an additional 1,815 shares in the last quarter. Ellevest Inc. boosted its holdings in shares of Ardagh Metal Packaging by 430.9% in the 3rd quarter. Ellevest Inc. now owns 8,929 shares of the company’s stock valued at $43,000 after purchasing an additional 7,247 shares in the last quarter. Spire Wealth Management acquired a new stake in shares of Ardagh Metal Packaging in the 2nd quarter valued at $56,000. Nicolet Advisory Services LLC acquired a new stake in shares of Ardagh Metal Packaging in the 2nd quarter valued at $63,000. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of Ardagh Metal Packaging in the 3rd quarter valued at $49,000. Institutional investors own 19.04% of the company’s stock.
Wall Street Analysts Forecast Growth
AMBP has been the topic of several research analyst reports. Barclays dropped their price objective on Ardagh Metal Packaging from $7.00 to $6.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 1st. Bank of America upgraded Ardagh Metal Packaging from a “neutral” rating to a “buy” rating and increased their target price for the stock from $5.60 to $6.00 in a research note on Thursday, December 15th. Deutsche Bank Aktiengesellschaft lowered their target price on Ardagh Metal Packaging from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Monday, October 24th. BMO Capital Markets lowered Ardagh Metal Packaging from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $9.00 to $5.00 in a research note on Friday, October 28th. Finally, Morgan Stanley lowered their target price on Ardagh Metal Packaging from $6.50 to $6.30 and set an “equal weight” rating on the stock in a research note on Wednesday, October 5th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Ardagh Metal Packaging currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.88.
Ardagh Metal Packaging Price Performance
Ardagh Metal Packaging stock traded up $0.01 during mid-day trading on Friday, reaching $4.81. 1,318,409 shares of the company were exchanged, compared to its average volume of 2,139,252. The company has a fifty day simple moving average of $4.51 and a 200-day simple moving average of $5.41. Ardagh Metal Packaging has a 12 month low of $3.91 and a 12 month high of $9.80. The company has a debt-to-equity ratio of 6.12, a current ratio of 1.46 and a quick ratio of 1.11. The firm has a market cap of $2.90 billion, a PE ratio of 12.33, a PEG ratio of 1.48 and a beta of 0.65.
Ardagh Metal Packaging (NYSE:AMBP – Get Rating) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). Ardagh Metal Packaging had a return on equity of 59.64% and a net margin of 5.13%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the business earned $0.14 EPS. Ardagh Metal Packaging’s revenue was up 13.0% on a year-over-year basis. As a group, equities research analysts expect that Ardagh Metal Packaging will post 0.35 earnings per share for the current fiscal year.
Ardagh Metal Packaging Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 28th. Shareholders of record on Monday, November 14th were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, November 10th. This represents a $0.40 dividend on an annualized basis and a yield of 8.32%. Ardagh Metal Packaging’s dividend payout ratio (DPR) is presently 102.56%.
Ardagh Metal Packaging Company Profile
Ardagh Metal Packaging SA supplies 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. The company serves beverage producers.
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