Quadrature Capital Ltd Decreases Stake in Ardagh Metal Packaging S.A. (NYSE:AMBP)

Quadrature Capital Ltd decreased its holdings in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 74.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,667 shares of the company’s stock after selling 64,773 shares during the period. Quadrature Capital Ltd’s holdings in Ardagh Metal Packaging were worth $82,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AMBP. Citigroup Inc. lifted its holdings in Ardagh Metal Packaging by 15,834.1% in the third quarter. Citigroup Inc. now owns 5,104,806 shares of the company’s stock worth $19,245,000 after buying an additional 5,072,769 shares during the period. King Street Capital Management L.P. purchased a new stake in Ardagh Metal Packaging during the second quarter valued at approximately $14,790,000. Squarepoint Ops LLC raised its holdings in Ardagh Metal Packaging by 523.8% in the 2nd quarter. Squarepoint Ops LLC now owns 2,914,124 shares of the company’s stock worth $10,568,000 after purchasing an additional 2,446,997 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of Ardagh Metal Packaging by 37.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,778,166 shares of the company’s stock valued at $6,704,000 after purchasing an additional 489,146 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Ardagh Metal Packaging by 48.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,325,132 shares of the company’s stock valued at $4,505,000 after purchasing an additional 433,700 shares during the period. 16.93% of the stock is currently owned by institutional investors.

Ardagh Metal Packaging Stock Performance

AMBP opened at $3.22 on Friday. The firm has a market capitalization of $1.92 billion, a PE ratio of -26.83, a P/E/G ratio of 0.84 and a beta of 0.61. Ardagh Metal Packaging S.A. has a 12-month low of $3.16 and a 12-month high of $4.26. The firm has a 50 day moving average of $3.72 and a two-hundred day moving average of $3.64. The company has a current ratio of 1.17, a quick ratio of 0.88 and a debt-to-equity ratio of 124.21.

Ardagh Metal Packaging (NYSE:AMBP) last announced its earnings results on Thursday, October 24th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.34 billion. Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%. The business’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 EPS. On average, analysts anticipate that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current year.

Ardagh Metal Packaging Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 12.42%. The ex-dividend date of this dividend is Thursday, December 5th. Ardagh Metal Packaging’s payout ratio is -333.33%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on AMBP shares. Wells Fargo & Company upgraded shares of Ardagh Metal Packaging from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $4.25 to $5.00 in a report on Tuesday, October 15th. Bank of America lowered shares of Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and dropped their price objective for the stock from $4.90 to $4.00 in a research note on Wednesday. Finally, Citigroup increased their price target on Ardagh Metal Packaging from $4.00 to $4.50 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ardagh Metal Packaging presently has an average rating of “Hold” and an average target price of $3.92.

Ardagh Metal Packaging Company 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.