Callan Family Office LLC Purchases New Shares in Ardagh Metal Packaging S.A. (NYSE:AMBP)

Callan Family Office LLC purchased a new stake in Ardagh Metal Packaging S.A. (NYSE:AMBP) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 43,687 shares of the company’s stock, valued at approximately $131,000.

A number of other institutional investors have also recently bought and sold shares of the business. Aigen Investment Management LP acquired a new stake in Ardagh Metal Packaging during the 4th quarter worth about $42,000. Victory Capital Management Inc. raised its stake in shares of Ardagh Metal Packaging by 14.0% during the 4th quarter. Victory Capital Management Inc. now owns 71,690 shares of the company’s stock worth $216,000 after purchasing an additional 8,802 shares in the last quarter. Fidelis Capital Partners LLC raised its stake in shares of Ardagh Metal Packaging by 52.9% in the 4th quarter. Fidelis Capital Partners LLC now owns 26,781 shares of the company’s stock valued at $81,000 after acquiring an additional 9,266 shares in the last quarter. Ieq Capital LLC raised its stake in shares of Ardagh Metal Packaging by 15.7% in the 4th quarter. Ieq Capital LLC now owns 39,028 shares of the company’s stock valued at $117,000 after acquiring an additional 5,289 shares in the last quarter. Finally, Rhumbline Advisers increased its position in Ardagh Metal Packaging by 6.6% in the 4th quarter. Rhumbline Advisers now owns 161,504 shares of the company’s stock worth $486,000 after buying an additional 10,023 shares during the period. 16.93% of the stock is currently owned by institutional investors and hedge funds.

Ardagh Metal Packaging Price Performance

Shares of AMBP stock opened at $2.83 on Wednesday. The stock’s fifty day simple moving average is $2.77 and its 200 day simple moving average is $3.31. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of -23.54, a P/E/G ratio of 0.54 and a beta of 0.63. Ardagh Metal Packaging S.A. has a one year low of $2.50 and a one year high of $4.26.

Ardagh Metal Packaging (NYSE:AMBP) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.14 billion. Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%. On average, research analysts anticipate that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a $0.10 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.40 annualized dividend and a yield of 14.16%. Ardagh Metal Packaging’s payout ratio is -800.00%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Citigroup dropped their price target on Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Bank of America lowered Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and decreased their price objective for the stock from $4.90 to $4.00 in a report on Wednesday, December 11th. Morgan Stanley raised Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and decreased their price objective for the stock from $3.60 to $3.10 in a report on Monday, January 13th. Wells Fargo & Company reissued an “equal weight” rating and set a $3.35 price objective (down previously from $3.60) on shares of Ardagh Metal Packaging in a report on Thursday, January 16th. Finally, UBS Group decreased their price objective on Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating on the stock in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $3.44.

About Ardagh Metal Packaging

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.