Counterpoint Mutual Funds LLC Invests $554,000 in Ardagh Metal Packaging S.A. $AMBP

Counterpoint Mutual Funds LLC acquired a new stake in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 136,732 shares of the company’s stock, valued at approximately $554,000.

Several other hedge funds have also made changes to their positions in AMBP. Kestra Advisory Services LLC acquired a new stake in Ardagh Metal Packaging during the fourth quarter worth about $33,000. Pallas Capital Advisors LLC acquired a new position in Ardagh Metal Packaging in the 4th quarter valued at approximately $42,000. Dynamic Technology Lab Private Ltd acquired a new position in Ardagh Metal Packaging in the 1st quarter valued at approximately $43,000. Nations Financial Group Inc. IA ADV bought a new stake in shares of Ardagh Metal Packaging in the 1st quarter worth approximately $44,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Ardagh Metal Packaging by 13,495.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 10,876 shares of the company’s stock worth $45,000 after acquiring an additional 10,796 shares during the period. Institutional investors own 16.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AMBP shares. Weiss Ratings raised Ardagh Metal Packaging from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 29th. Wells Fargo & Company reduced their target price on Ardagh Metal Packaging from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Friday, March 20th. UBS Group decreased their price target on shares of Ardagh Metal Packaging from $4.75 to $4.25 and set a “neutral” rating on the stock in a research note on Friday, April 10th. Finally, Citigroup lowered their price target on shares of Ardagh Metal Packaging from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Friday, April 24th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Ardagh Metal Packaging has a consensus rating of “Hold” and a consensus target price of $4.51.

Ardagh Metal Packaging Stock Down 0.1%

Shares of AMBP opened at $4.83 on Friday. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 20.12, a P/E/G ratio of 1.03 and a beta of 0.51. Ardagh Metal Packaging S.A. has a 12 month low of $3.29 and a 12 month high of $5.03. The company has a 50-day moving average price of $4.16 and a two-hundred day moving average price of $4.27.

Ardagh Metal Packaging (NYSE:AMBP) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.05 earnings per share for the quarter. Ardagh Metal Packaging had a negative return on equity of 31.14% and a net margin of 0.19%.The company had revenue of $1.50 billion for the quarter. Equities research analysts expect that Ardagh Metal Packaging S.A. will post 0.25 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 8.3%. The ex-dividend date was Thursday, June 11th.

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.