240,110 Shares in Ardagh Metal Packaging S.A. $AMBP Purchased by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. purchased a new position in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 240,110 shares of the company’s stock, valued at approximately $984,000.

Other institutional investors also recently made changes to their positions in the company. Capital Investment Advisory Services LLC acquired a new position in shares of Ardagh Metal Packaging during the third quarter valued at approximately $40,000. Pallas Capital Advisors LLC acquired a new stake in Ardagh Metal Packaging in the fourth quarter worth approximately $42,000. Capula Management Ltd bought a new position in Ardagh Metal Packaging during the 2nd quarter valued at $45,000. Captrust Financial Advisors bought a new position in Ardagh Metal Packaging during the 2nd quarter valued at $47,000. Finally, Guardian Capital LP acquired a new position in shares of Ardagh Metal Packaging during the 3rd quarter valued at $46,000. 16.93% of the stock is owned by institutional investors and hedge funds.

Ardagh Metal Packaging Stock Up 0.1%

AMBP opened at $3.95 on Monday. The firm has a market cap of $2.36 billion, a PE ratio of -394.50, a P/E/G ratio of 0.97 and a beta of 0.53. The business has a fifty day simple moving average of $4.49 and a 200-day simple moving average of $4.08. Ardagh Metal Packaging S.A. has a fifty-two week low of $2.53 and a fifty-two week high of $5.03.

Ardagh Metal Packaging (NYSE:AMBP) last announced its earnings results on Thursday, February 26th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. Ardagh Metal Packaging had a negative return on equity of 37.42% and a net margin of 0.20%.The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the business posted $0.03 earnings per share. Ardagh Metal Packaging’s revenue was up 12.6% compared to the same quarter last year. On average, equities research analysts anticipate that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $0.40 dividend on an annualized basis and a yield of 10.1%. Ardagh Metal Packaging’s dividend payout ratio is currently -4,000.00%.

Analysts Set New Price Targets

AMBP has been the topic of a number of research reports. Truist Financial boosted their price objective on Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock a “hold” rating in a research note on Tuesday, January 6th. Wells Fargo & Company lowered their target price on Ardagh Metal Packaging from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Friday, March 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ardagh Metal Packaging in a research report on Wednesday, January 21st. UBS Group raised their price objective on shares of Ardagh Metal Packaging from $4.00 to $4.25 and gave the company a “neutral” rating in a research report on Monday, January 12th. Finally, Morgan Stanley set a $4.30 price objective on shares of Ardagh Metal Packaging in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $4.51.

Ardagh Metal Packaging Company Profile

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.