Mackenzie Financial Corp Has $9.64 Million Holdings in Ardagh Group SA (NYSE:ARD)

Mackenzie Financial Corp boosted its stake in Ardagh Group SA (NYSE:ARD) by 18.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 456,821 shares of the company’s stock after purchasing an additional 70,000 shares during the period. Mackenzie Financial Corp owned about 2.45% of Ardagh Group worth $9,639,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Wells Fargo & Company MN lifted its position in shares of Ardagh Group by 1.1% during the second quarter. Wells Fargo & Company MN now owns 11,740 shares of the company’s stock valued at $265,000 after purchasing an additional 126 shares in the last quarter. Bank of New York Mellon Corp raised its position in Ardagh Group by 20.2% in the third quarter. Bank of New York Mellon Corp now owns 35,348 shares of the company’s stock worth $756,000 after acquiring an additional 5,945 shares during the period. Aperio Group LLC bought a new stake in Ardagh Group in the third quarter worth about $257,000. First Quadrant L P CA purchased a new position in shares of Ardagh Group in the third quarter worth about $260,000. Finally, Vanguard Group Inc. purchased a new position in shares of Ardagh Group in the second quarter worth about $289,000. 91.17% of the stock is owned by institutional investors and hedge funds.

Shares of Ardagh Group SA (ARD) traded down $0.11 on Wednesday, reaching $19.38. 76,706 shares of the company’s stock were exchanged, compared to its average volume of 111,432. Ardagh Group SA has a twelve month low of $17.43 and a twelve month high of $24.54. The company has a debt-to-equity ratio of -6.04, a quick ratio of 0.90 and a current ratio of 1.49. The stock has a market cap of $4,620.00 and a price-to-earnings ratio of 80.75.

Ardagh Group (NYSE:ARD) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. Ardagh Group had a negative return on equity of 31.99% and a net margin of 0.78%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same period last year, the company earned $0.32 earnings per share. Ardagh Group’s revenue was down 2.0% on a year-over-year basis. equities research analysts expect that Ardagh Group SA will post 1.97 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Tuesday, February 27th were issued a $0.14 dividend. The ex-dividend date was Monday, February 26th. This represents a $0.56 annualized dividend and a dividend yield of 2.89%. Ardagh Group’s payout ratio is currently 233.33%.

ARD has been the subject of several recent analyst reports. Wells Fargo & Co cut shares of Ardagh Group from an “outperform” rating to a “market perform” rating in a research note on Friday, February 23rd. Zacks Investment Research upgraded shares of Ardagh Group from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Friday, February 2nd. Barclays restated an “equal weight” rating and issued a $21.00 price objective (down from $23.00) on shares of Ardagh Group in a report on Thursday, March 1st. Finally, ValuEngine lowered shares of Ardagh Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Ardagh Group has a consensus rating of “Buy” and a consensus target price of $23.95.

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About Ardagh Group

Ardagh Group SA, formerly Ardagh Finance Holdings SA, is a Luxembourg-based company engaged in the packing industry. The Company focuses on the design and manufacture of rigid packaging solutions mainly for food and beverage markets. Its activities are divided into two business segments: Metal packing, which supplies aluminum and steel beverage cans, two-piece aluminum, two-piece tinplate and three-piece tinplate food and specialty cans, as well as a range of can ends, among others, and Glass packing, which delivers glass containers, bottles and jars, among others.

Institutional Ownership by Quarter for Ardagh Group (NYSE:ARD)

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