EP Wealth Advisors LLC Invests $102,000 in Ardagh Metal Packaging S.A. (NYSE:AMBP)

Posted by on Sep 20th, 2023

EP Wealth Advisors LLC bought a new position in Ardagh Metal Packaging S.A. (NYSE:AMBP – Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 25,000 shares of the company’s stock, valued at approximately $102,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CenterBook Partners LP grew its position in shares of Ardagh Metal Packaging by 36.2% in the 1st quarter. CenterBook Partners LP now owns 694,393 shares of the company’s stock worth $2,833,000 after buying an additional 184,428 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co grew its position in shares of Ardagh Metal Packaging by 35.7% in the 1st quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 358,561 shares of the company’s stock worth $1,463,000 after buying an additional 94,373 shares during the period. Private Management Group Inc. boosted its stake in Ardagh Metal Packaging by 6.2% in the 1st quarter. Private Management Group Inc. now owns 4,242,635 shares of the company’s stock worth $17,310,000 after purchasing an additional 247,274 shares in the last quarter. Keeley Teton Advisors LLC boosted its stake in Ardagh Metal Packaging by 15.8% in the 1st quarter. Keeley Teton Advisors LLC now owns 1,070,716 shares of the company’s stock worth $4,369,000 after purchasing an additional 146,336 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Ardagh Metal Packaging by 22.2% in the 1st quarter. Victory Capital Management Inc. now owns 21,523 shares of the company’s stock worth $88,000 after purchasing an additional 3,912 shares in the last quarter. 17.33% of the stock is owned by hedge funds and other institutional investors.

Ardagh Metal Packaging Price Performance

AMBP opened at $3.19 on Wednesday. The company has a debt-to-equity ratio of 13.04, a quick ratio of 0.72 and a current ratio of 1.11. The stock has a market capitalization of $1.90 billion, a P/E ratio of 39.82, a P/E/G ratio of 4.18 and a beta of 0.68. The company’s 50-day simple moving average is $3.55 and its two-hundred day simple moving average is $3.69. Ardagh Metal Packaging S.A. has a 52-week low of $3.17 and a 52-week high of $5.92.

Ardagh Metal Packaging (NYSE:AMBP – Get Free Report) last posted its earnings results on Thursday, July 27th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.32 billion. Ardagh Metal Packaging had a net margin of 1.49% and a return on equity of 29.71%. Ardagh Metal Packaging’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.11 EPS. As a group, analysts predict that Ardagh Metal Packaging S.A. will post 0.19 EPS for the current year.

Ardagh Metal Packaging Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 12.56%. The ex-dividend date of this dividend is Wednesday, September 13th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is presently 500.06%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Bank of America cut shares of Ardagh Metal Packaging from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $5.00 to $4.00 in a research note on Monday, July 10th. Barclays dropped their price target on shares of Ardagh Metal Packaging from $6.00 to $5.00 and set an “overweight” rating on the stock in a research note on Monday, July 31st. Finally, Credit Suisse Group upped their price target on shares of Ardagh Metal Packaging from $6.50 to $8.00 in a research note on Friday, July 7th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Ardagh Metal Packaging currently has an average rating of “Hold” and a consensus price target of $5.33.

Check Out Our Latest Research Report on Ardagh Metal Packaging

Ardagh Metal Packaging Company Profile

(Free Report)

Ardagh Metal Packaging SA, together with its subsidiaries, 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.

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Institutional Ownership by Quarter for Ardagh Metal Packaging (NYSE:AMBP)

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