Ardagh Metal Packaging S.A. (NYSE:AMBP) Short Interest Update

Ardagh Metal Packaging S.A. (NYSE:AMBP) saw a large increase in short interest in October. As of October 15th, there was short interest totalling 2,870,000 shares, an increase of 7.1% from the September 30th total of 2,680,000 shares. Based on an average daily trading volume, of 1,240,000 shares, the short-interest ratio is presently 2.3 days. Approximately 2.1% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AMBP. Citigroup lifted their price objective on Ardagh Metal Packaging from $4.00 to $4.50 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Bank of America upgraded shares of Ardagh Metal Packaging from an “underperform” rating to a “buy” rating and raised their target price for the stock from $3.80 to $5.10 in a report on Thursday, October 17th. Wells Fargo & Company upgraded shares of Ardagh Metal Packaging from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $4.25 to $5.00 in a report on Tuesday, October 15th. Finally, UBS Group lowered shares of Ardagh Metal Packaging from a “buy” rating to a “neutral” rating and cut their price target for the stock from $5.00 to $3.75 in a report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Ardagh Metal Packaging currently has a consensus rating of “Hold” and a consensus target price of $4.08.

Institutional Trading of Ardagh Metal Packaging

Several large investors have recently modified their holdings of the company. Janney Montgomery Scott LLC raised its holdings in Ardagh Metal Packaging by 0.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 641,868 shares of the company’s stock worth $2,420,000 after purchasing an additional 3,290 shares during the period. Signaturefd LLC raised its stake in shares of Ardagh Metal Packaging by 23.1% in the third quarter. Signaturefd LLC now owns 18,739 shares of the company’s stock worth $71,000 after buying an additional 3,515 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Ardagh Metal Packaging by 17.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,881 shares of the company’s stock valued at $113,000 after buying an additional 4,922 shares in the last quarter. nVerses Capital LLC grew its stake in shares of Ardagh Metal Packaging by 70.4% during the 3rd quarter. nVerses Capital LLC now owns 12,100 shares of the company’s stock valued at $46,000 after acquiring an additional 5,000 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in Ardagh Metal Packaging by 34.5% in the 2nd quarter. Principal Financial Group Inc. now owns 19,521 shares of the company’s stock worth $66,000 after acquiring an additional 5,009 shares in the last quarter. Institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Stock Down 1.1 %

Shares of NYSE:AMBP traded down $0.04 on Friday, hitting $3.64. 631,434 shares of the company traded hands, compared to its average volume of 1,369,075. The stock has a 50 day simple moving average of $3.72 and a 200-day simple moving average of $3.69. The company has a quick ratio of 0.88, a current ratio of 1.17 and a debt-to-equity ratio of 124.21. The company has a market cap of $2.18 billion, a PE ratio of -30.58, a PEG ratio of 0.91 and a beta of 0.62. Ardagh Metal Packaging has a 52 week low of $3.16 and a 52 week high of $4.26.

Ardagh Metal Packaging (NYSE:AMBP) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the business earned $0.06 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. As a group, research analysts expect that Ardagh Metal Packaging will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.40 dividend on an annualized basis and a yield of 10.99%. Ardagh Metal Packaging’s dividend payout ratio is presently -333.31%.

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.