Private Management Group Inc. Sells 60,674 Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP)

Private Management Group Inc. reduced its stake in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 1.1% in the second quarter, HoldingsChannel.com reports. The firm owned 5,543,171 shares of the company’s stock after selling 60,674 shares during the period. Private Management Group Inc.’s holdings in Ardagh Metal Packaging were worth $18,847,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in shares of Ardagh Metal Packaging by 17.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 32,881 shares of the company’s stock valued at $113,000 after acquiring an additional 4,922 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Ardagh Metal Packaging by 34.5% during the second quarter. Principal Financial Group Inc. now owns 19,521 shares of the company’s stock valued at $66,000 after purchasing an additional 5,009 shares during the last quarter. HB Wealth Management LLC boosted its holdings in Ardagh Metal Packaging by 33.2% in the 1st quarter. HB Wealth Management LLC now owns 32,228 shares of the company’s stock worth $111,000 after buying an additional 8,026 shares during the period. Keeley Teton Advisors LLC boosted its holdings in shares of Ardagh Metal Packaging by 0.5% in the first quarter. Keeley Teton Advisors LLC now owns 1,695,498 shares of the company’s stock worth $5,816,000 after acquiring an additional 8,433 shares during the period. Finally, NBC Securities Inc. grew its holdings in Ardagh Metal Packaging by 20.9% during the 4th quarter. NBC Securities Inc. now owns 61,297 shares of the company’s stock valued at $235,000 after buying an additional 10,599 shares in the last quarter. Institutional investors own 16.93% of the company’s stock.

Analyst Ratings Changes

AMBP has been the topic of a number of research analyst reports. UBS Group lowered Ardagh Metal Packaging from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $5.00 to $3.75 in a research note on Wednesday, July 17th. Wells Fargo & Company lifted their price objective on shares of Ardagh Metal Packaging from $3.95 to $4.25 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Finally, Citigroup reduced their target price on Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating on the stock in a research note on Monday, July 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Ardagh Metal Packaging currently has an average rating of “Hold” and a consensus target price of $3.67.

Ardagh Metal Packaging Trading Down 1.1 %

AMBP opened at $3.53 on Monday. The stock has a 50-day moving average price of $3.50 and a 200-day moving average price of $3.60. Ardagh Metal Packaging S.A. has a 1 year low of $2.57 and a 1 year high of $4.17. The company has a quick ratio of 0.66, a current ratio of 0.95 and a debt-to-equity ratio of 124.21.

Ardagh Metal Packaging (NYSE:AMBP) last issued its earnings results on Thursday, July 25th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. Ardagh Metal Packaging had a positive return on equity of 114.77% and a negative net margin of 1.02%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the business posted $0.04 EPS. The company’s revenue was up .3% compared to the same quarter last year. On average, equities research analysts anticipate that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 11.33%. The ex-dividend date is Thursday, September 12th. Ardagh Metal Packaging’s payout ratio is presently -285.69%.

Ardagh Metal Packaging 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.