Ardagh Metal Packaging S.A. $AMBP Stock Position Cut by Mountaineer Partners Management LLC

Mountaineer Partners Management LLC trimmed its holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 38.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,148,027 shares of the company’s stock after selling 730,055 shares during the period. Ardagh Metal Packaging comprises approximately 100.0% of Mountaineer Partners Management LLC’s holdings, making the stock its largest holding. Mountaineer Partners Management LLC owned about 0.19% of Ardagh Metal Packaging worth $5,442,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Optiver Holding B.V. increased its stake in shares of Ardagh Metal Packaging by 540.2% in the first quarter. Optiver Holding B.V. now owns 7,145 shares of the company’s stock worth $29,000 after buying an additional 6,029 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in Ardagh Metal Packaging in the fourth quarter valued at $33,000. Abel Hall LLC bought a new position in Ardagh Metal Packaging during the 1st quarter valued at $42,000. Dynamic Technology Lab Private Ltd bought a new position in Ardagh Metal Packaging during the 1st quarter valued at $43,000. Finally, Nations Financial Group Inc. IA ADV acquired a new position in Ardagh Metal Packaging during the 1st quarter worth $44,000. 16.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMBP has been the subject of several research analyst reports. Weiss Ratings raised shares of Ardagh Metal Packaging from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 7th. UBS Group increased their price target on shares of Ardagh Metal Packaging from $4.75 to $5.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Wells Fargo & Company lifted their price target on Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft assumed coverage on Ardagh Metal Packaging in a report on Thursday, August 20th. They issued a “hold” rating and a $5.20 price objective for the company. Finally, Citigroup reaffirmed a “buy” rating on shares of Ardagh Metal Packaging in a report on Friday, July 24th. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.92.

Ardagh Metal Packaging Stock Performance

NYSE AMBP opened at $5.07 on Wednesday. Ardagh Metal Packaging S.A. has a one year low of $3.29 and a one year high of $5.47. The company has a 50-day simple moving average of $4.88 and a 200-day simple moving average of $4.44. The firm has a market capitalization of $3.03 billion, a PE ratio of 84.51, a price-to-earnings-growth ratio of 0.93 and a beta of 0.51.

Ardagh Metal Packaging (NYSE:AMBP) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.02. Ardagh Metal Packaging had a net margin of 0.68% and a negative return on equity of 27.93%. The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the prior year, the business earned $0.08 earnings per share. Ardagh Metal Packaging’s quarterly revenue was up 17.7% on a year-over-year basis. Equities analysts forecast that Ardagh Metal Packaging S.A. will post 0.28 earnings per share for the current year.

Ardagh Metal Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.40 annualized dividend and a dividend yield of 7.9%. Ardagh Metal Packaging’s dividend payout ratio is 666.67%.

About Ardagh Metal Packaging

Ardagh Metal Packaging (NYSE: AMBP) is a global supplier of metal packaging solutions, specializing in the production of steel and aluminum beverage cans, food cans and ends. As a segment of the Ardagh Group, the company supports a broad range of food and beverage customers, including soft drink and craft beer producers, as well as food manufacturers requiring durable, recyclable packaging. Its product portfolio encompasses two‐piece and three‐piece cans, a variety of can ends and closures, and value‐added services such as custom lithography and decorating.

The company operates a network of manufacturing plants across North America and Europe, serving both regional and multinational clients.